PT Graha Mitra Asia Tbk
IIDX:RELF33.00
IDR
-1.00
(-2.94%)
PT Graha Mitra Asia Tbk
IDX:RELF
(Indonesia Stock Exchange)
Recent
price
33.00
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- PT Graha Mitra Asia Tbk is an Indonesia-based property development and real estate company operating primarily under the trade name RelifeAsia. Founded in 2018 and headquartered in South Jakarta, Indonesia, the company specializes in the development, construction, sale, and management of affordable, eco-centric residential townships and commercial properties, catering primarily to middle-income families, first-time homebuyers, and the millennial demographic across the Greater Jakarta (Jabodetabek) metropolitan area and West Java. PT Graha Mitra Asia Tbk organizes its business activities into several core product and service offerings, including residential housing development, comprising single-family and multi-family landed homes across master-planned green communities such as Greenland Kemang and Greenland Forest Hill; commercial real estate development, encompassing shophouses, retail units, and commercial plots designed to service residential clusters; land development, involving the acquisition, zoning, preparation, and sale of designated residential and commercial land parcels; real estate management and agency services, covering the buying, selling, leasing, and property management of owned and leased real estate; and civil construction services, including infrastructure engineering, utility installation, road network establishment, and public amenity development for housing estates. In recent corporate developments, PT Graha Mitra Asia Tbk completed its initial public offering on the Indonesia Stock Exchange in June 2023 under the ticker RELF to fund its long-term growth and land expansion strategy. Following the listing, the company expanded its project portfolio through strategic land acquisitions for new housing and mixed-use developments in Semplak, Bogor, and Jagakarsa, South Jakarta, while broadening its landbank at its flagship Greenland Kemang project to accommodate new commercial phases. The company has also established strategic mortgage financing partnerships with leading Indonesian commercial and state-owned banks to enhance customer accessibility, implemented periodic cash dividend distributions, and continues to operate its property development activities directly without corporate subsidiaries.