Company:CiputraDevelopmentTbkPT Brand value:US$473 million Year on year change: -2% Headquarter city:Jakarta Industry:Real Estate Year formed:1990
Ciputra Development was one of the first companies in Indonesia to build large-scale housing projects, and is behind new town developments in cities across the country, with CitraLand projects in Surabaya, Banjarmasin, Samarinda, Makassar, Jambi, Pekanbaru and Kendari. Its projects are spread across more than 30 Indonesian cities.
The premium pricing and luxury lifestyles offered by Ciputra Developments mean they appeal to higher-income earners. Projects launched in the past year include EcoPlaza, a commercial and lifestyle hub at CitraRaya, Tangerang, along with Citra Garden City in Malang, several residential developments in Jakarta, along with several eye clinics and general hospitals around the country.
The company was founded by the architect Ciputra, now a billionaire philanthropist whose vision of an Indonesia fuelled by entrepreneurs is behind huge education projects run around the country and for Indonesian migrant workers abroad. The Ciputra Group mantra is: “Creating world entrepreneurs”.
PT Ciputra Development Tbk has expanded into China, and other Ciputra companies in the group are operating across the region including Hanoi and Phnom Penh. Ciputra Development is listed on the Indonesia Stock Exchange.