- Business
- PT Intiland Development Tbk PT Intiland Development Tbk is an Indonesia-based real estate developer engaged in the development, investment, and management of properties, including residential townships, high-rise apartments, mixed-use developments, office towers, industrial estates, hotels, and sports facilities. The company operates through five segments: Real Estate, Rental of Office Buildings, Hotels, Industrial Estate, and Facilities; its core offerings encompass middle- to high-end landed residential estates such as Graha Famili, Graha Natura, Serenia Hills, Amesta Living, Talaga Bestari, and The Rosebay; high-rise residential projects including Regatta, 1 Park Avenue, SQ Res, Praxis, Tierra SOHO, Graha Golf, and Spazio Tower; mixed-use and office developments like South Quarter, 57 Promenade, Poins Square, Intiland Tower Jakarta, and Intiland Tower Surabaya; industrial parks such as Ngoro Industrial Park and Batang Industrial Park; and ancillary services including hotel operations via Intiwhiz Hotel Chain, golf course and sports club management, property rentals, and fitness centers.
Founded in 1983 as PT Wisma Dharmala Sakti and listed on the Indonesia Stock Exchange since 1991, the company is headquartered in Jakarta at Intiland Tower and primarily serves middle- to upper-income customers in key urban markets, with a geographic focus on Jakarta, Greater Jakarta (including Tangerang and Banten), Surabaya, Greater Surabaya (including Mojokerto), Batang in Central Java, and recent expansions into Indonesia's new capital Nusantara (IKN).
In recent years, PT Intiland Development Tbk has pursued strategic growth through partnerships and new launches, including a 2019 joint venture with PT Menara Prambanan for the Poins Square mixed-use project in South Jakarta; a 2022 alliance with Mitbana for transit-oriented development at Talaga Bestari in Tangerang; the 2021 launch of Amesta Living residential area and Tierra SOHO in Surabaya; a 2024 introduction of private office concepts at Spazio Tower; the 2025 grand opening of Grand Whiz Hotel Praxis in Surabaya and a partnership with ION Network for a new data center; commencement of construction in Nusantara; and securing a Rp2.8 trillion syndicated loan facility from Bank Negara Indonesia and Bank Central Asia to support development. The company maintains a substantial land bank of approximately 2,000 hectares across strategic locations to fuel medium- to long-term projects, alongside joint ventures with entities like GIC for South Quarter and 57 Promenade, and operates subsidiaries handling specific developments and hotel chains.