- Business
- PT Ciputra Development Tbk (CTRA.JK) is an Indonesia-based real estate developer engaged in property development, investment, and management activities. The company develops and sells residential properties, including apartments, condominiums, and landed houses under brands such as Ciputra Residences and Ciputra Homes; commercial properties, including office towers, shopping malls, and hotels like Ciputra World and Ciputra Mall; and industrial estates and township projects. It also provides property management services, construction services through subsidiaries, and operates in real estate investment trusts. Founded in 1981 and headquartered in Jakarta, Indonesia, the company conducts operations primarily across major Indonesian cities including Jakarta, Surabaya, Medan, and Bali, targeting middle to upper-income segments in residential, retail, and office markets. Recent developments include the launch of new phases in flagship projects such as Ciputra World Jakarta and Ciputra Mall Surabaya expansions in 2024-2025; strategic partnerships for sustainable development initiatives; and ongoing township expansions in Medan and Semarang amid Indonesia's urbanization growth.