PT Indonesian Paradise Property Tbk (INPP.JK) is an Indonesia-based property developer focused on lifestyle destinations, mixed-use developments, hospitality, commercial properties, and residential sales. The company develops, owns, and operates hotels and resorts; shopping centers and entertainment centers; high-rise apartments and serviced residences; and theme parks, with key projects including Antasari Place in Jakarta, 23 Paskal Extension and Shopping Center in Bandung, Hyatt Place in Makassar, Sahid Kuta Lifestyle Resort in Bali, and mixed-use developments in Semarang and Balikpapan. It operates primarily in Indonesia, targeting urban and tourist markets across Jakarta, Bali, Bandung, Makassar, Semarang, Batam, Yogyakarta, and Balikpapan.
Founded in 1996 and headquartered at Centennial Tower, 30th Floor, Jl. Gatot Subroto Kav. 24-25, South Jakarta, the company changed its name from PT Penta Karsa Lubrindo in 2004 and lists on the Indonesia Stock Exchange.
In recent developments, PT Indonesian Paradise Property Tbk completed construction of Antasari Place in Jakarta, including Tower 1, retail commercial areas, and Citadines serviced apartments, with unit handovers finished in March 2025 and operations commencing in Q2 2025; it also completed 23 Paskal Extension in Bandung, targeted for operations in the second half of 2025. The company reported record revenue of IDR 1.31 trillion and net profit tripling to IDR 334.9 billion in 2024, driven by 37% growth in property sales from Antasari Place, alongside expansions in hospitality and commercial segments. Ongoing projects include 23 Semarang Shopping Center, set for 2026 operations, and new mixed-use developments in Balikpapan and Makassar, supporting a 20% revenue growth target for 2025 amid strong holiday season outlook for hospitality.