PT Saraswanti Indoland Development Tbk (SWID.JK) operates as a real estate development company focused on residential, commercial, and industrial properties in Indonesia. The company develops and sells landed houses, apartments, and condominiums; offers property management services; and provides construction and infrastructure development for townships and industrial estates. Its core offerings include mid-range and affordable housing projects under brands such as Saraswanti Residence and Saraswanti Land, alongside commercial spaces like office buildings and retail centers.
Founded in 1993 and headquartered in Tangerang, Banten, Indonesia, the company primarily serves middle-income buyers, investors, and industrial clients in the domestic market, with operations concentrated in Greater Jakarta, West Java, and Central Java regions. PT Saraswanti Indoland Development Tbk functions as a subsidiary of PT Saraswanti Anugerah Makmur, emphasizing integrated property solutions from land acquisition through development and sales.
In recent developments, the company launched new township projects in 2024, expanding its industrial estate portfolio in Cikupa, Tangerang, to attract manufacturing tenants amid Indonesia's economic growth. It secured strategic financing through a rights issue in early 2025, bolstering capital for ongoing residential expansions in Bekasi and Karawang. Additionally, PT Saraswanti Indoland Development Tbk formed partnerships with local banks for mortgage facilities, enhancing affordability for homebuyers, and reported a 15% revenue increase in 2024 driven by higher property deliveries.