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40 Summarecon

SUMMARECON

Company: Summarecon Agung Tbk PT

Brand Value: US $282 million

Headquarters: Jakarta

Year On Year Change: -28%

Industry: Real Estate

Year Formed: 1975

Summarecon is a property company with three main areas of focus: property development, property management, and recreation and hospitality. It specializes in townships that integrate shopping and office space with residential property and community facilities. In the past year, new projects launched by Summarecon include Symphonia, a 200-hectare residential development in South Tangerang promoted as a way to “Embrace The Future With Nature’s Lifestyle”. Two commercial developments, Topaz and Ruby, have launched in Bandung, west Java and ground was broken in November last year on The Kensington Office Tower, part of a new mixed-use commercial and residential development in Kelapa Gading, north Jakarta. In mid-2018, Summarecon was due to start marketing homes in its new Bekasi development, east of the capital. Other projects under development include an apartment project in Tangerang called Sky Bridge Serpong M-Town, and a new range of more affordable homes, aimed at millennials, as part of the Burgundy Residence stage three development near Jakarta.