- Business
- PT Megapolitan Developments Tbk (EMDE.JK) is an Indonesia-based property development company primarily engaged in the development and sale of residential properties including apartments, housing, shophouses, and kiosks; commercial properties such as malls, business centers, and shopping centers; and land sales, with operations focused in Jakarta, Cinere, Karawaci, and Sentul regions. Established on September 10, 1976, and listed on the Indonesia Stock Exchange in 2011, the company, headquartered in Depok, West Java, operates through property and shopping center segments, managing key projects like Bellagio Mansion and Residence in Jakarta, Centro Cinere Business District, Cinere Junction, Graha Cinere, Vivo Sentul Superblock, and apartment complexes in Karawaci; it maintains majority ownership in subsidiaries including PT Tirta Persada Developments (99.89%), PT Graha Mentari Persada (99%), PT Titan Property (99.99%), PT Mega Pasanggrahan Indah (99.38%), PT Mega Limo Estate (99.80%), and recently consolidated PT Megapolitan Mentari Persada (MMP). Recent developments include the consolidation of PT MMP adding approximately Rp215 billion to equity, establishment of a new subsidiary PT Tirta Persada Developments, purchase of treasury stock amounting to Rp2.9 billion, and ongoing management of investment properties and land for development valued at over Rp1.9 trillion as of September 30, 2025, as a subsidiary of PT Cosmopolitan Persada Developments.