- Business
- PT Trimitra Propertindo Tbk PT Trimitra Propertindo Tbk engages in real estate development and hospitality in Indonesia, focusing on construction, development, and sales of apartments, small office home office (SOHO) units, kiosks, and mixed-use residential-commercial projects; it also operates three-star hotels including Ramada by Wyndham Serpong. The company develops premium properties such as The Canary BSD Serpong apartments, The Avenue BSD Serpong mixed-use complex with residential and shopping arcade components, and Parkland Avenue BSD, primarily in the BSD Serpong area of South Tangerang, Banten, with additional operations in Pondok Indah; it provides construction services for buildings, bridges, roads, and pipe installations. Founded in 2012 and headquartered at Komplek Parkland Avenue, Ground Floor, Jl. Raya Serpong No. 89, Cilenggang, Serpong, South Tangerang, Banten, the company operates through Apartment and Hotel segments, targeting middle-segment residential and commercial customers in Indonesia's growing urban markets. Recent activities include ongoing mixed-use high-rise developments in Parkland BSD, with The Canary apartments achieving over 60% sales amid the pandemic, and sustained focus on premium apartment and hotel projects in BSD Serpong as highlighted in 2021 reports, alongside annual shareholder meetings in 2024 without major disclosed acquisitions, partnerships, funding rounds, or strategic shifts in the past 1-2 years.