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Loan partnerships extend property group’s reach

PONDOK INDAH GROUP

 

COMPANY Metropolitan Kentjana Tbk PT

BRAND VALUE US $510 million

HEADQUARTERS Jakarta

YEAR ON YEAR CHANGE 36%

INDUSTRY Real Estate

YEAR FORMED 1972

 

Pondok Indah Group is a real estate developer focusing on upmarket residential property, shopping malls, office blocks and hotels. It is best known for the Pondok Indah Mall 1 and Pondok Indah Mall 2 in Jakarta, two towers connected by an outdoor walkway. In 2016, the new Pondok Indah Residences development was completed, and strong demand for these apartments helped fuel growth in net profit in 2016 of 34.7 percent. The Pondok Indah Hotel is under construction and due to be fully operational by 2018. New developments under construction include Vila Anggrek, an upmarket residential development in Bintaro, to the southwest of Jakarta. Pondok Indah is working with the banks BCA and Bank Mandiri to provide apartment-ownership loans. It has also created a social responsibility fund which provides healthcare for employees, funds environmental efforts such as waste-water treatment on sites, and backs community projects such as blood donation drives and distributes aid in times of emergency. Parent company Metropolitan Kentjana is listed on the Indonesia Stock Exchange.