- Business
- PT Summarecon Agung Tbk is a leading Indonesian real estate company specializing in integrated urban developments. Established in 1975, the company's core business revolves around creating comprehensive townships that combine residential, commercial, and supporting facilities. The company operates through three main business segments: Property Development, Investment Property, and Leisure and Hospitality. The Property Development segment involves the construction and sale of various properties such as houses, apartments, residential land, and commercial units. Its Investment Property segment focuses on developing and managing assets for recurring income, including shopping malls, office buildings, and commercial spaces, which are often integral parts of its townships. The Leisure and Hospitality segment encompasses the ownership and operation of facilities like sports clubs, golf courses, restaurants, resorts, and hotels, enhancing the appeal of its developments. Summarecon is known for its meticulous planning and high-quality construction, emphasizing sustainability in its projects. Its developments often feature modern designs, advanced infrastructure, and a wide array of amenities, targeting the middle to upper-income segments. The company's revenue streams primarily come from property sales and rental income. Recent notable activities include the launch of its ninth integrated township, Summarecon Tangerang, in November 2024, designed as a walkable community with lakefront residential clusters. The company also aims for marketing sales of IDR 5 trillion in 2025, with property sales, particularly houses in Greater Jakarta, being a significant contributor to its revenue. As of June 2025, Summarecon distributed dividends totaling IDR 148.57 billion, following a strong performance in 2024 with a significant increase in revenue and net profit. Headquartered in Jakarta Timur, Indonesia, Summarecon continues to expand its footprint with ongoing projects across various key locations in Indonesia, including Kelapa Gading, Serpong, Bekasi, Bandung, Karawang, Makassar, and Bogor.