PT Karya Bersama Anugerah Tbk PT Karya Bersama Anugerah Tbk engages in real estate development in Indonesia, focusing on the "Rumah Kota" concept that provides affordable urban housing solutions for middle- to lower-income segments; it develops rusunami (multi-story apartments), landed houses, shop houses, and residential complexes through its Developer and Estate Management segments. The company offers strategically located properties with quality designs and easy access, primarily in Balikpapan, East Kalimantan, with land banks and planned expansions in West Jakarta and Jonggol, West Java; key projects include the flagship Green Valley Balikpapan, featuring city houses in Gunung Sari Ulu Village, and ongoing developments like Green Valley 2 with 32 kios units and 144 rusunami units. Founded in 2014 and headquartered at PAM Tower 8th Floor, Balikpapan Superblock, Jalan Jenderal Sudirman No. 47, Balikpapan, East Kalimantan, it operates as a subsidiary of PT Visi Kota Indonesia and consolidates three subsidiaries—PT Arthapurwa Budijaya, PT Singasari Purabuana (both 99.93% owned), and PT Kharismatama Niagamakmur (99.92% owned)—acquired in 2019 to bolster its real estate portfolio. Recent developments include aggressive property project expansions targeting Rp57.9 billion in revenue for 2025, construction progress on Green Valley projects reaching 92% for landed houses with completions eyed for February 2025 and 2026, and strategic marketing via print and social media amid global economic challenges; the company listed on the Indonesia Stock Exchange in March 2020 following an initial public offering of 2.15 billion shares and issuance of Warrants Series I, with operations extending commercially since 2015.