Company:LippoKarawaciTbkPT Brand value:US$319 million Year on year change: -4% Headquarter city:Tangerang Industry: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, including Lippo Village, Lippo Cikarang and Tanjung Bunga. Its projects tend to target higher income earners, and are priced at a premium to more mass-market developments. In the past year, Lippo has launched plans for Monaco Bay, which it says will be a world-class resort city in Manado, North Sulawesi, and has sold the fourth condominium tower in its East Jakarta development Orange County to a single Japanese investor.
The company is part of Lippo Group, which operates Indonesia’s premier private hospital group, Siloam Hospitals, and is also a strong player across a range of other industries, including hospitality, media, finance, education and retail. Lippo Karawaci has been listed on the Indonesia Stock Exchange since 1996, and the Lippo Group has properties in China and Singapore.