- Business
- PT Agung Semesta Sejahtera Tbk (TARA.JK) engages primarily in real estate development in Indonesia, constructing commercial and residential properties including apartments, housing areas, shophouses, vertical housing, and modern markets, both directly and through subsidiaries such as PT Raffles Griya Perkasa, PT Raffles Niaga Kencana, PT Raffles Graha Persada, and PT Bumi Tara Sinergi; its project portfolio encompasses City Point Pondok Cabe, Montana Serpong, Mataram Permai Shophouse, Premier Pavilion Residence, Les Belles Maison Residence, Premier Village, and others. The company also pursues diversified activities in construction, trading, industry, investment, printing, agribusiness, mining services, and transportation. Founded on June 1, 2006, as PT Garda Jaya Prima and renamed PT Agung Semesta Sejahtera Tbk in August 2020 following its prior identity as PT Sitara Propertindo Tbk, the company maintains its headquarters at Wisma 77, 19th Floor, Jl. Letjen S. Parman Kav. 77, Slipi, Palmerah, Jakarta Barat 11410, Indonesia, with operations focused on the domestic market. In recent developments, PT Agung Semesta Sejahtera Tbk reported earnings for the nine months ended September 30, 2025, alongside ongoing acquisitions of land for development and fixed assets as disclosed in its latest consolidated financial statements, reflecting continued investment in property expansion amid a segment structure comprising property, shophouses, kiosks, and others. The ultimate parent entity of the group is PT Surya Buana Makmur.