The property market in Indonesia started gaining momentum in
late 1980s with surge of projects and customers lining up to have
affordable houses with upscale facilities. Duta Pertiwi has only started
building residences in 1988, but soon after, the young company boosted
the industry with projects like apartments, shopping centers, office
buildings, even township and industrial estates with level of creativity
and innovation that was unheard before.
The vision gave birth to the iconic Bumi Serpong Damai, started in
1989 and now known to be Indonesia's most successful city and township
project. From a derelict land, BSD now listed as the property company
with highest market valuation in Indonesia Stock Exchange. Some
principle applies to the development of ITC (International Trade Center)
Mangga Dua, a formula to benefit from strata title sales opportunities
for retail business space, also in 1989. From one spot in a busy trade
district Jakarta, the ITC idea has flourished to practically every
corner of major cities Indonesia.
Duta Pertiwi went ahead with another success property recipe of
combining condominium, retail space and offices into a mix superblock.
Duta Pertiwi and BSD later developed under the wing of Sinar Mas Land,
which now nurtures over 40 mega projects thoughout Indonesia. The sheer
ambition to pioneer, build and advance, has given Sinar Mas Land the
advantage to keep its pace as the front runner of the industry. However,
its ability to sustain creativity and innovation is the real indication
that Sinar Mas Land will ensure its vision for the future.
ITC Mangga Dua Began Development
In 1989, the ITC Mangga Dua project began its development.
Hailed as one of the first one-stop-shopping solution for the Jakartans,
it has since grew into a 5 storey shopping center with more than 3500
shops to choose from to satisfy your chic fashion needs, electronics,
hardware and even wet your culinary taste buds.
The BSD City Project Kick Off
Originally passed as a satellite city in 1984, Sinar Mas Land
started development in 1989. Dubbed as BSD City, it has grown to half
the size of Paris and listed as a property company with the highest
market valuation in the Indonesian Stocks Exchange.
Sinar Mas Land Won its First Award
During the commemoration of Jakarta's 464th anniversary, a
competition was held and one of Sinar Mas Land's project, Plaza BII (now
Sinar Mas Plaza) won the Best Non Government Office's Garden. Awarded
by the Jakarta Province Government, it was truly a milestone moment for
Sinar Mas Land.
KIIC Industrial Area was built in West Karawang
KIIC is a green yet modern industrial estate located in west
Karawang, south of Jakarta and It is a joint venture between Sinar Mas
Land and ITOCHU Corporation Japan. It encompasses
an area of 1200 hectares and contains variety of national and
multinational corporations such as Toyota Motor Manufacturing Indonesia,
HM Sampoerna, Yamaha Motor Manufacturing Indonesia, Astra Daihatsu
Motor, Panasonic Semiconductor Indonesia and Sharp Semiconductor
Indonesia.
KIIC is the first industrial estate in Indonesia to be granted ISO 9001:2000 certificate, ISO 14001:2004 for Quality & Environmental Management System in 2002 and certificate of OHSAS 18002:2007 for Health & Safety Management Systems.
KIIC is the first industrial estate in Indonesia to be granted ISO 9001:2000 certificate, ISO 14001:2004 for Quality & Environmental Management System in 2002 and certificate of OHSAS 18002:2007 for Health & Safety Management Systems.
PT Duta Pertiwi Tbk joined the Indonesia Stock Exchange as a public-listed company
The Board of Directors of Sinarmas Land Limited announced
that PT Bumi Serpong Damai Tbk and PT Duta Pertiwi Tbk have released
their respective unaudited consolidated financial statements for the
period ended 30 September 2013.
Bumi Serpong Damai and Duta Pertiwi are both subsidiaries of the company, listed on the Indonesia Stock Exchange.
Kota Wisata was established by a consortium between Sinar Mas, Marubeni, L&H, and LG (now fully owned by Sinar Mas Land)
Kota Wisata, an idyllic urban getaway with an ideal blend of
metropolitan sophistication and sweeping landscapes. It was
conceptualized to provide harmony in living, learning,recreation
and sports. It is an exclusive housing project located in Cibubur with
an area of 480 hectares. The location is easily accessible from the
Cibubur toll or from Bekasi.
The
development is away from the urban hustle and bustle, yet close to all
the amenities and facilities a family could ask for. It is destined to
be a vibrant and friendly community.
Grand Wisata was developed in East Bekasi with an area of 1.100 hectares
The character and the identity of this project are
personified in the projects bold slogan, 'The Natural Gateway to
Excitement'. It offers a solution to people with active lifestyle. At Grand Wisata one can find an ideal spot for relaxation and an escape from the frenzy of city living.
Driving along the toll road to east of Jakarta, one cannot help but notice the yellow suspension bridge that marks the main entrance to Grand Wisata. To emphasize its focus on nature and people, Grand Wisata created a development that embraced a sense of community that includes security, integrated transportation and utility services and accessibility to public facilities.
Driving along the toll road to east of Jakarta, one cannot help but notice the yellow suspension bridge that marks the main entrance to Grand Wisata. To emphasize its focus on nature and people, Grand Wisata created a development that embraced a sense of community that includes security, integrated transportation and utility services and accessibility to public facilities.
Sinar Mas Land became the largest developer in Indonesia with PT. Bumi Serpong Damai Tbk and PT. Duta Pertiwi Tbk as members
Sinar Mas Land is a property arm of Sinar Mas Group that
comprised of two well-respected listed property companies: PT Bumi
Serpong Damai, Tbk and PT Duta Pertiwi, Tbk.
AFP Properties Limited a Singaporean-based investment company owned by Sinar Mas changed its name to Sinar Mas Land Limited
Sinar Mas Land Ltd. invests in, develops and manages real
estate. The company owns commercial buildings, hotels and resorts in
China, Indonesia, Malaysia and Singapore.
Sinar Mas Land Limited (formerly known as AFP Properties
Limited), listed on the Singapore Exchange and headquartered in
Singapore, is engaged in the property business through its operations in
Indonesia, China, Malaysia and Singapore. Sinar Mas Land has long-term
investments in major commercial buildings, hotels and resorts, and is
involved in property development and leasing in Indonesia, China,
Malaysia and Singapore.
Sinar Mas Land – Indonesia Operation, owns around 10,000 hectares of
strategic land bank (as of 2011) with projects in city development,
township, residential, commercial, retail, industrial estates, and
hospitality properties, including property related services, is
undoubtedly the largest and most diversified property company in
Indonesia. Comprised of two well-respected listed property companies:
PT. Bumi Serpong Damai, Tbk and PT. Duta Pertiwi, Tbk; both have an
established market cap of more than US$2 billion.
VisionTo be the leading property developer in South East Asia, trusted by customers, employees, society, and other stakeholders.
ValuesIntegrity, Positive Attitude, Commitment, Continuous Improvement, Innovation, Loyalty Bumi Serpong Damai BSDE