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Lippo Karawaci

Lippo 

Company: Lippo Karawaci Tbk PT

Brand Value: US$219 million

Headquarters: Tangerang

Year on Year Change: -4%

Category: Real Estate

Year Formed: 1990

Lippo Karawaci is one of the largest property companies in Indonesia and is behind some of the country’s best-known developments. Residential property sales account for almost half of revenue, and commercial projects around 39 percent. Lippo has announced plans to adapt its property business to changing consumer needs by adding “kos-kosan” boarding house-style properties aimed at millennials. It is working on developing landbanks in three key areas: Lippo Village, Tanjung Bunga, and Lippo Cikarang, as well as parts of Surabaya. Lippo Karawaci is part of the broader Lippo Group, which has interests beyond property, particularly in financial services and omnichannel retail. Lippo is behind the highly popular OVO cashless payment system, and has announced plans to develop a more immersive experience in its chain of Maxx Coffee outlets, with guidance on how to better enjoy coffee while exploring its history and production.