Company: Sinar Mas Land Ltd Brand value: US$433 million Year on year change: -10% Headquarter city: Tangerang Industry: Real Estate Year formed: 1972
Sinar Mas Land is one of the largest and most diversified property developers in Indonesia, working on new city developments, residential, commercial, retail, hotels and golf courses around the country. It is behind such projects as Tourism City, a housing development in Jakarta, and strata malls and trade centers. The business has grown this year through the purchase of Jakarta-based developer PT Puradelta Lestari Tbk. First-half 2015 results showed strong double-digit growth in revenue.
The brand operates under the banner ‘Building for a Better Future’, and envisages a future of green developments that produce zero emissions. In partnership with Kresna Investments, Sinar Mas recently announced plans to turn BSD City, a major township development in Tangerang, into a ‘connected’ digital city.
Its parent company is based in Singapore and operates in China, Malaysia, Singapore and the United Kingdom. It is listed on the Singapore Exchange and has two listed subsidiaries, PT. Bumi Serpong Damai, Tbk, and PT. Duta Pertiwi, Tbk.