Beranda / About Us
I Gede Upeksa Negara

Build and Serve for Indonesia

Dear Shareholders and Stakeholders,

Praise and gratitude to God Almighty for all His grace.

The ongoing vaccination process makes us optimistic to be more active in carrying out activities while still following the health protocols according to the latest directives from the government. The vaccination period is the right time for the property sector to start accelerating its business. The recovery of the property sector by adapting products and services and accommodating market behavior that has changed from the Covid-19 pandemic to preparing for the end of the pandemic. We implement Cleanliness – Health – Safety – Environment Sustainability procedures in residential, shopping mall, edutainment and hotels.

We grateful to the government for providing a stimulus to drive the economy, including the property sector. The BI rate reduction to 3.5% was announced by Bank Indonesia on 18 Feb 2021 with the Loan to Value (LTV) relaxation for property loans and Financing to Value (FTV) for property financing, which were ratified through Bank Indonesia regulation no 23/2 /PBI2021 and the existence of a new housing sector incentive policy with VAT borne by the government based on the Minister of Finance Regulation (PMK) number 21/PMK.010/21 which is planned to be extended until December 2021, was welcomed by business people in the property sector including PT PP Properti Tbk .

PT PP Properti Tbk is adaptive in responding to several supports and stimuli provided by the Government in the Pandemic Era. With several coöperation programs with banks and a combination of reducing interest rates by BI and subsidies that we provide to consumers. The VAT incentive borne by the government also greatly reduces the purchase price of consumers without reducing the "value" obtained.

Improved digital implementation has been carried out for the acceleration and transparency of business processes and service delivery to customers. Internet of Things is part of the solution in system management and product and service creation. We always improve the competence of human resources and information & technology infrastructure for the sustainability of PT PP Properti Tbk's performance and resource excellence.

PT PP Properti Tbk continues the handover of 7 vertical residential locations, dominated by student residences, which has been going on since early 2021 until now. The behavior of residents who prefer open air for exercise and leisure activities, we responded by adding green areas in mixed used areas and open sports facilities in student residences. Currently we are starting to offer landed house product development, including Permata Puri Cibubur and will soon be followed by the next landed house product.

Our business development always pays attention to the needs of its residents, one of the integration between housing and daily needs equipped with eduitainment. We developed this concept in the Grand Sungkono Lagoon area which is the new lifestyle mall and edutainment destination in Surabaya. Lagoon Avenue Sungkono Mall and KidZania Surabaya, have operated since December 2020 while still serving according to Health protocols. Lagoon Avenue Sungkono provides people's needs for entertainment, food and beverages, social events, supermarkets and others.

PP Properti develop several hotels in Pekanbaru - Jakarta - Bandung - Surabaya - Balikpapan - Lombok, which are recurring income.

In addition to focusing on business development, PT PP Properti Tbk continues to pay attention to the surrounding environment by carrying out several Corporate Social Responsibility activities including holding a Hospitality Short Course on 16-17 February 2021 in West Monjok Village, Selaparang District, Mataram City. In addition, we also provide educational assistance for children from families of employees who work within PT PP Properti Tbk.

The Board of Directors would like to thank all resident owners, tenants, hotel guests, mall visitors, consultants, contractors, suppliers, press media, business partners and all customers, as well as to shareholders and all stakeholders for the support given to PT PP Properti Tbk. We give our highest appreciation to employees who always work by upholding the values of AKHLAK (Many – Competent – Harmonious – Loyal – Adaptive – Collaborative) and always provide competencies that contribute to the success of PT PP Properti Tbk.

Thank you to the Board of Commissioners of PT PP Properti Tbk and the Parent Company, namely PT PP (Persero) Tbk for their supervision and direction.

Best Regards,

I Gede Upeksa Negara


Be the sustainable national scale developer with global competitiveness.


  • Develop excellent realty and property products to provide comfort to consumers
  • Committed to provide a healthy environment
  • Increase the contribution for the parent company by developing and aligning corporate strategy
  • Strengthen strategic cooperation with PP Properti’s partner
  • Carry out skillful human resources as well as increasing employee’s welfare

Business diversification by establishing the UNK (Usaha Non Konstruksi) comprising Developer Unit and Property Unit.


Changed UNK Branch to UNK Unit with BOD Decree No. 25/Kpts/ Dir /1995.
Completed projects: Permata Puri Laguna, Bukit Permata Puri I Semarang, Laguna Sport Center and Puri Permata II.


Restructured The UNK Unit under Business Development Division (DVB).


Developed UNK Unit to The Division of Property that focuses on 3 segments (Hotel, Residential, & Commercial).
Completed projects: Park Hotel Cawang Jakarta, Park Hotel Bandung, FX Residence, Graha Bukopin Surabaya and Grand Soho Slipi.


Changed its status to property division.
Completed projects: Grand Slipi Tower, PRIME PARK Hotel Bandung, Sungkono Business Park


Started to Prepare IPO (Initial Public Offering).
Completed projects: Gunung Putri Square, Pekanbaru Permai, Apartemen Pavilion Permata II, Payon Amartha


Changed its status to PT. PP Properti, a subsidiary of PT. PP (Persero) Tbk.
Completed projects: Grand Kamala Lagoon, Grand Sungkono Lagoon, Apartemen Pavilion Permata II


Go public with Initial Public Offering in the first semester of 2015.
Completed projects: The Ayoma, Grand Dharmahusada Lagoon


Gold Rank ASRRAT 2021

Asia Sustainability Reporting Rating

Certificate ISO 9001:2015, ISO 45001:2018, ISO 14001:2015

by Lloyd's Register Indonesia

Best Sustainable Development - Grand Kamala Lagoon

Real Estate Asia Award Commitee Singapore

Best Mixed Used Development - Grand Sungkono Lagoon

Real Estate Asia Award Commitee Singapore

1st The Best Informative Website

Economic Review - Indonesia Corporate Secretary Communication Award -IV- 2021

BCI Asia Award 2021

Top 10 Developers 2021

BCI Asia Award 2020

Top 10 Developers 2020

Digital Award for Property & Construction Company

Innovative Company for Developing Digital Living Apartment & E-Library for E-Library PPRO innovation

Asia Sustainability Reporting Rating (ASRRAT) 2020

Silver Rating by National Center for Sustainablity Reporting (NCSR)

Indonesia Property Expo February 2020

Second Best Developer in Non-Subsidized Mortgage Loan

Greenship Gold Certificate Tower

For Tower Venetian Grand Sungkono Lagoon from Green Building Council Indonesia (GBCI)

Asia Pacific Property Awards 2020

Grand Sungkono Lagoon as a Best Mixed-Use Development

Asia Pacific Property Awards 2020

Westown View as Best Residential High Rise Development

Asia-Pacific Stevie Awards 2019 - Gold Winner

Evenciio Apartment as Innovation Consumer Products and Services for Drugs Prevention, First in Indonesia and the World

BCI Asia Awards

Top Ten Developers 2019

Asia-Pacific Property Awards 2019

Grand Shamaya as Best Residential High Rise Development

Asia Pacific Property Awards 2019

Grand Kamala Lagoon sebagai Best Mixed-Use Development

Real Estate Awards 2019

Evenciio Apartment as The Most Preferred Property in Depok

Real Estate Creative Awards 2019

Grand Shamaya sebagai The Best Concept Apartment in Eastern Indonesia

Properti Indonesia Awards 2019

Grand Shamaya as The Highly Commended Premium Condominium Development in Surabaya

Properti Indonesia Awards 2019

Grand Sagara sebagai The Prospective Apartment Development in Surabaya

Indonesia Properti Expo November 2019

Best Developer in Non-Subsidized Mortgage Loan

Indonesia Properti Expo Agustus 2019

Best Developer in Non-Subsidized Mortgage Loan

PP Awards 2019

Subsidiary with Best Business Excellence

PP Awards 2019

Runner Up for Creative Idea - Marketing System Tracker (MASYTA)

PP Awards 2019

The Best Team for Subsidiaries

PP Awards 2019

Champion for General Book Category - Keybook PP Properti Design Guideline

PP Awards 2019

Champion for Office Management Innovation - Riverview Sales Performance Apps

Warta Ekonomi Most Innovative Business Award 2018

Excellent Company for Product in property and Real Estate dalam acara, Categiry Property and Real Estate

Warta Ekonomi Indonesia Property Award 2018

PRIME PARK Hotel Bandung as Top Marketing Communications in Hotels & Resorts Category

BCI Asia Awards

Top Ten Developers 2018

Real Estate Awards 2018

Verdura as The Most Preferred Apartment in Sentul < 1 BIO

Real Estate Awards 2018

Grand Kamala Lagoon sebagai The Most Preferred Apartment in Bekasi > 1 BIO

The Winner Propety 2018

Gunung Putri Square as Best Developer in Living Concept

Warta Ekonomi Most Admired Companies Award 2018

Most Admired Company, Property Category

Asia-Pacific Stevie Awards 2018

The Ayoma asi Innovation in Marketing untuk Test-Living

Properti Indonesia Awards 2018

The Commended State Owned Enterprise Developer

SWA Magazine Indonesia Most Creative Companies 2017

Indonesia Most Creative Companies 2017

BCI Asia Awards

Top Ten Developers 2017

Real Estate Creative Awards 2017

Grand Shamaya as The Most Creative Real Estate in Surabaya

Real Estate Creative Awards 2017

The Most Creative BUMN Developer

Koran Sindo Awards 2017

The Ayoma as Innovation Idea and Prospect - Test Living

BTN Golden Property Awards 2017

Best Developer with Non Subsidized KYG (Kredit Yasa Griya)

BTN Golden Property Awards 2017

Best State-Owned Enterprise and Subsidiaries in Property Business, Excellence: Sustainability Development

BTN Golden Property Awards 2017

Grand Sungkono Lagoon as Best Urban Living Apartment, Region: Surabaya

BTN Golden Property Awards 2017

Grand Kamala Lagoon as Best Urban Living Apartment, Region: Bekasi

BTN Property Award 2016

Developer with Best Contribution of Commercial Credit in National Scale Category

Yuk Nabung Saham Goes to Campus 2016

One of 40 Best Analyst's Choice Issuer

The IDX Best Blue 2016

The Best IDS Liisted Stocks in Term of Value

Consumer Choice Awards 2016

Grand Dharmahusada Lagoon as The Most Preferred Apartment in Surabaya 300 - 800 MIO

Consumer Choice Awards 2016

"Gunung Putri Square as The Most Popular Apartment in Cibubur > 300 MIO"

Consumer Choice Awards 2016

Evenciio Apartment as The Most Popular Apartment in Depok 300 - 800 MIO

Consumer Choice Awards 2016

Riverview Residence as The Most Popular Apartment in Cikarang < 300 MIO

Consumer Choice Awards 2016

Grand Kamala Lagoon as The Most Popular Apartment in Bekasi 800 MIO - 1,5 BIO dan The Most Preferred Apartment in Bekasi 800 MIO - 1,5 BIO

Consumer Choice Awards 2016

Paladian Park as The Most Preffered Apartment in North Jakarta 800 MIO - 1,5 BIO

PRO/MAX The Extraordinary Project 2015

for Grand Sungkono Lagoon who reach Rp 17 billion in volume

Residence Indonesia The First Super Block with a Green Concept in Surabaya 2014 for Grand Sungkono Lagoon

BTN Property Award 2015

"Developer with Best Contribution"

Museum Rekor Indonesia (MURI)

"Developer that Allocate more than 40% Land for Conservation"

BCI Asia Awards

"Top Ten Developers 2015"

Indonesia Property & Bank Award 2014

“Best Mixed Used Development in Bekasi” – Grand Kamala Lagoon

Indonesia Property & Bank Award 2014

"Aggressive and Phenomenal State Owned Enterprises Developer"

Ray White Darmo Award 2014

“Best Shop House Desain and Innovation Concept”

Museum Rekor Indonesia (MURI)

"Initiator and Organizer of the Largest Painting Creation 2014 for Apartemen Pavilion Permata"
Board of
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