- Business
- PT Bukit Darmo Property Tbk is an Indonesia-based property development company engaged primarily in real estate construction, development, trade, and investment activities. Founded in 1989 and headquartered in Jakarta, the company operates through four main segments: real estate, shopping mall, construction, and marketing services. Its core products and services include the construction and development of housing, apartments, office towers, and shopping centers, notably including the Lenmarc Mall project in West Surabaya. The company also manages hospitality and serviced residence properties such as The Adhiwangsa Golf Residence Suite Hotel and Serviced Residence, and the Adhiwangsa Surabaya Hotel. Additionally, it provides marketing and promotional services including land selling and property management related to buildings, apartments, offices, shops, and restaurants.
Recent major changes include ongoing operational activities reported through 2025, with financial results revealing a sales increase to IDR 27.3 billion for the nine months ended September 30, 2025, despite posting a net loss in that period. There has been no public announcement of new acquisitions or strategic alliances within the last one to two years, but the company continues to focus on the management and expansion of its existing property portfolio and service offerings. The company maintains operations exclusively within Indonesia and targets residential, commercial, and retail real estate markets. PT Bukit Darmo Property Tbk was formerly known as PT Adhibaladika until its name change in April 2007.
The company employs a small workforce, with about 22 employees, and actively develops mixed-use properties that integrate residential, commercial, and recreational components. Its asset portfolio size and project scope, such as Lenmarc Mall with approximately 50,239 square meters and its 5.5-hectare condominium project on Bukit Darmo Boulevard, underscore its position in Indonesia’s property development industry. PT Bukit Darmo Property Tbk focuses on providing comprehensive real estate solutions spanning development, construction, property management, and marketing within the Indonesian market.