Sinar Mas Land has acquired a 99% stake in PT Suryamas Dutamakmur Tbk, enhancing its presence in the premium property market and aligning with the growing demand for sustainable living spaces in Indonesia.

Target Information

BSD City, on March 6, 2025, Sinar Mas Land, a leading property developer in Indonesia, hosted the Sinar Mas Land Property Outlook 2025 event themed “Real Estate Resilience in The Age of Dynamic Markets” at the Digital Experience Center, Green Office Park (GOP), BSD City. The event featured several speakers who shared insights on the property sector, including Herry Hendarta (Deputy Group CEO Strategic Development & Assets), Hermawan Wijaya (Director of PT Bumi Serpong Damai Tbk), Dian Asmahani (Chief of Corporate Sales and Marketing), and Ferry Salanto (Head of the Research Department at Colliers Indonesia).

In 2024, PT Bumi Serpong Damai Tbk (BSDE) achieved a pre-sale total of IDR 9.72 trillion, surpassing its target and reflecting a 2% growth compared to IDR 9.50 trillion in 2023. This achievement signals a positive trend for the property sector heading into 2025, indicating a commitment to continuing project developments across major Indonesian cities, including Jakarta, Medan, Surabaya, Semarang, and Balikpapan.

Industry Overview in Indonesia

The Indonesian real estate sector has been exhibiting resilience amidst economic fluctuations, driven primarily by favorable government policies and robust consumer interest. The country's urbanization rate continues to rise, leading to incre