Company:MetropolitanKentjanaTbkPT Brand value:US$375 million Year on year change: 7% Headquarter city:Jakarta Industry:Real Estate Year formed:1972
Pondok Indah Group is an upscale real estate developer with a focus on shopping malls, residential developments, offices and hotels. Its main assets are Pondok Indah Mall 1 and Mall 2, in the affluent Pondok Indah area of southern Jakarta. The two main mall towers are connected by an outdoor walkway. The Pondok Indah area has been gradually developed since the early 1970s and is now a very upmarket residential area. The brand is also behind the Puri Indah development in South Jakarta, which combines a business centre with residential property.
In early 2016, the Pondok Indah Residences were completed, and these new apartments have helped boost revenue this year. Revenue grew 81 percent in 2015 to IDR 2,094 billion, and rental income was up 9 percent. There has been strong demand for land plots at the Vila Anggrek development in South Jakarta, and the newly reopened Pondok Indah Water Park has contributed to increased income. Progress is now under way on Pondok Indah Mall 3, including an office block, near Mall 1 and Mall 2.
Parent company Metropolitan Kentjana is listed on the Indonesia Stock Exchange.