Company: Ciputra Development Tbk PT
Brand value: US$484 million
Headquarter city: Jakarta
Industry: Real Estate
Year formed: 1990
Developer with regional reach and vision of entrepreneurial Indonesia
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. The premium pricing and luxury lifestyles offered by Ciputra Developments mean they appeal to higher-income earners and have exclusivity.
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 was named among the Top 50 Best Companies of 2014 by Forbes Magazine Indonesia. PT Ciputra Development Tbk has expanded into China, and other Ciputra companies in the group are operating across the region. Ciputra Hanoi International City is the first large-scale urban development in Hanoi. In Cambodia, Ciputra Group has built the Grand Phnom Penh International City which incorporates housing, a commercial complex, schools, a hospital and an international-standard 18 hole golf course.