- CEO
- Erick Wihardja
- Full Time Employees
- 81
- Sector
- Finance
- Industry
- Real estate development
- Address
- Jl. Raya Muchtar Sawangan Depok JB Indonesia 16517
- IPO Date
- Jul 6, 2020
- Business
- PT Pakuan Tbk engages in property development in the residential and commercial sectors in Indonesia. The company manages Sawangan Golf, Hotel & Resort, which includes an international standard 18-hole golf course, a three-star hotel, resort facilities, restaurant, and swimming pool on 17.8 hectares of land; develops the Shila at Sawangan township spanning 102 hectares surrounded by a 26-hectare lake, featuring residential clusters such as The Forest, South Lake Plot, Marche, Tilia, The Grove, and Lake Series, along with commercial areas hosting retailers including Giant, McDonald’s, Domino’s Pizza, Kumon, Farmer’s Market, Alfamidi, and Indomaret; and undertakes construction of residential, office, retail, lodging, entertainment, and sports buildings. It operates through segments including Real Estate (Joint Operation), Real Estate (Non-Joint Operation), Property Sales, and Property Rentals, primarily targeting middle- to upper-income customers in the greater Jakarta area, with projects located in Depok and Sawangan, West Java. Founded in 1971 and headquartered in Depok, Indonesia, PT Pakuan Tbk is a subsidiary of PT Sirius Surya Sentosa and part of the Vasanta Group, a real estate developer established in 2015 with additional interests in lifestyle destinations and tourism across 129 hectares of land.
In recent developments, the company partnered with PT Diamond Development Indonesia, a subsidiary of Japan’s Mitsubishi Corporation, to develop residential clusters Tilia (launched January 2022), The Grove (launched June 2021), and Lake Series within Shila at Sawangan; formed a strategic alliance with Vasanta Group for integrated township projects; and continued expansion of commercial and residential offerings amid a strategic shift from primarily golf and resort management to broader property development.