- Business
- PT Perdana Gapuraprima Tbk (GPRA.JK) serves as the holding company of Gapuraprima Group, a property developer focused on mid-to-high-end residential and commercial developments including landed houses, multi-storey apartments, offices, shopping centers, hotels, condotels, and mixed-use projects; it also engages in commercial property leasing, construction contracting for houses and buildings, real estate development activities, and buying and selling of buildings and land rights. Operating primarily in Indonesia through nine subsidiaries, the company has completed over 30 projects such as Bukit Cimanggu City in Bogor, Metro Cilegon, Villa Ubud Anyer, Spring Garden Bekasi, 8 Residence Ciketing Bekasi, The Bellezza in Permata Hijau Jakarta, Bellevue Place at MT Haryono, Prominent Business Park, and Horison Bhuvana condotel and residence in Ciawi; it targets middle to middle-upper market segments with market-oriented housing, affordable quality apartments in strategic locations, and diversified portfolios emphasizing suburban subdivisions, high-rise developments, recreational facilities, and hospitality services. Founded on May 21, 1987 as PT Perdana Gapura Mas and renamed in March 1999, the company listed on the Indonesia Stock Exchange in October 2007 and maintains headquarters at Bellezza Arcade, 2nd Floor, Jl. Arteri Soepeno No. 34, South Jakarta, Indonesia. Recent developments include the formation of PT Oriental Makmur Hospitality with Nemuru to operate hotels under the Nemuru brand, a signing ceremony between Grand Anyer Palazo Boutique & Resort and PT Naraya Hospitality Indonesia for management operations, aggressive expansion of housing clusters and landbank acquisition, virtual soft launching of Cluster Llanos and Prominent Business Park in Bukit Cimanggu City, new marketing office opening in Bukit Cimanggu City Bogor, targeting seven hotels by 2026 to boost recurring income, sales growth of 45% driving additional projects, and optimistic projections for 10% revenue and marketing sales increases in 2023-2025 supported by PPN incentives and residential-commercial focus.