Company: Ciputra Development Tbk PT
Brand Value: US $449 million
Year On Year Change: -12%
Industry: Real Estate
Year Formed: 1990
Ciputra Development is a leading developer of large-scale commercial and residential developments in over 33 Indonesian cities. The business focuses on commercial projects, including shopping centres, offices, hotels, hospitals and golf courses, as well as upmarket residential properties. The ratings agency Fitch Ratings Indonesia upgraded its rating for Ciputra from A- to A+ in late 2017. Singapore’s Capita Land has invested over $73 million in Ciputra-developed Ascott Sudirman Jakarta, a 192-unit development of serviced apartments. Other developments going onto the market in recent months include Aerolink Boulevard, a three-in-one office, warehouse and workshop development near Jakarta’s international airport, Soekarno-Hatta, and the housing development CitraPlaza Nagoya Residence in Batam, off the coast of Singapore. Ciputra’s Citra Maja Raya township development, west of Jakarta, has been awarded Excellence in Design for Greater Efficiencies (EDGE) Green Building design certification by the International Finance Corporation (IFC), a member of the World Bank. The Ciputra Group mantra is: “Creating world entrepreneurs”.