Indonesia 2015 | Brand Profiles | 29 | Lippo
Company: Lippo Karawaci Tbk PT
Brand value: US$331 million
Headquarter city: Tangerang
Industry: Real Estate
Year formed: 1990
Developer of major landmark projects expanding its regional footprint
Lippo Karawaci is one of the largest property companies in Indonesia and is known for some of the country’s largest and most well-known projects, including Lippo Village, Lippo Cikarang and Tanjung Bunga. Its projects tend to target higher income earners, and are priced at a premium to more mass-market developments. The company is part of Lippo Group, which operates Indonesia’s premier private hospital group, Siloam Hospitals, and is also a strong player across a range of other industries, including hospitality, media, finance, education and retail.
Through Lippo Homes, Lippo Karawaci has recently invested around IDR 1.3 trillion in developing a new, high-profile mixed residential and commercial project in Manado, in North Sulawesi province, called Holland Village, which launched in June 2015. Lippo Karawaci has been listed on the Indonesia Stock Exchange since 1996, and the Lippo Group has properties in China and Singapore.