PT. Pakuan

What PT. Pakuan does

PT. Pakuan Tbk. (idx:UANG) is an Indonesian publicly listed property developer headquartered at the Shila at Sawangan project site in Depok, south of Jakarta, with a corporate office in Tangerang, Banten. The company's flagship asset is Shila at Sawangan, a 102-hectare master-planned mixed-use development built around a 26-hectare natural lake, encompassing five residential clusters (The Forest, South Lake, Tilia, The Grove, Lake Series), a technology-enabled commercial market called Marche, and the heritage Sawangan Golf, Hotel & Resort operated under PT Pakuan International Country Club. Three of the residential clusters (Tilia, The Grove, Lake Series) are co-developed with PT Diamond Development Indonesia, a subsidiary of Mitsubishi Corporation of Japan, providing institutional development expertise and capital.

The business generates revenue from three streams: one-time sales of premium residential units across multiple clusters, commercial leasing and tenant onboarding within the Marche and South Lake retail/F&B areas (50+ commercial tenants, 30 F&B pods), and recurring hospitality revenue from the golf, hotel, and resort operations. PT Pakuan sits within Vasanta Group, a diversified real estate conglomerate founded in 2015 with a 129-hectare total land development portfolio spanning apartments, retail, premium housing, and resorts. The company is publicly listed on the Indonesian Stock Exchange and distributes annual reports, sustainability reports, and prospectus filings through its investor relations page, while marketing residential units directly to affluent end buyers through its corporate website, LinkedIn, and Instagram.

Revenue scaled materially from IDR 522.86 billion in 2021 to IDR 20.56 trillion in 2025, with EBITDA turning positive in 2023 and net income following in 2024–2025, reflecting the monetization of the cluster pipeline launched in partnership with DDI. The go-to-market motion is sales-led and direct, with property inquiries handled via email and on-site sales, and there is no third-party distribution or marketplace channel. Pricing for residential units and commercial spaces is not publicly disclosed and is set on a per-unit basis through direct sales conversations.

Name

PT. Pakuan

Legal name

PT. Pakuan Tbk.

Website

https://ptpakuan.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

51–100 employees

Short description

PT. Pakuan Tbk. is an Indonesian publicly listed property developer (idx:UANG) managing Shila at Sawangan, a 102-hectare mixed-use development south of Jakarta with five residential clusters, the Marche commercial market, and Sawangan Golf, Hotel & Resort, targeting affluent residential buyers and commercial tenants in partnership with Mitsubishi Corporation subsidiary PT Diamond Development Indonesia.

Ownership category

akta.pro rank

Headquarters

HQ city

Banten

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Residential Property Sales: Revenue is generated from the sale of residential units across multiple clusters within the Shila at Sawangan development. Clusters include The Forest, South Lake, Tilia, The Grove, and Lake Series, each offering premium housing on the 102-hectare site. Residential units are sold on a one-time purchase basis.
2. Commercial Space Leasing and Sales: The Marche commercial area and South Lake's 50+ commercial tenants and 30 F&B pods generate revenue through leasing and/or sale of commercial retail spaces within the integrated mixed-use development.
3. Hospitality and Recreation Services: The company historically managed Sawangan Golf, Hotel & Resort (18-hole international-standard golf course, hotel & resort, restaurant, and swimming pool), which it now operates under PT Pakuan International Country Club. This provides recurring hospitality revenue.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

PT. Pakuan Tbk. develops and manages Shila at Sawangan, a 102-hectare mixed-use residential and commercial project in South Jakarta, selling premium residential clusters (The Forest, South Lake, Tilia, The Grove, and Lake Series) and commercial spaces (Marche). The company also operates Sawangan Golf, Hotel & Resort, a hospitality and recreation complex inherited from its origins as PT. Pakuan International Country Club.

Product overview

PT. Pakuan is a property development company that manages Shila at Sawangan, a premium residential and commercial development spanning 102 hectares in South Jakarta, Indonesia. The development includes multiple residential clusters (The Forest, South Lake, Tilia, The Grove, and Lake Series) and a commercial area called Marche. The company partners with PT Diamond Development Indonesia (DDI), a subsidiary of Mitsubishi Corporation, for several residential clusters. Sawangan Golf, Hotel & Resort facilities are also part of the company's heritage operations.

Differentiator

Problem solved

Functional benefit

Brands

• Shila at Sawangan: A premium commercial and residential development spanning 102 hectares, featuring residential areas (The Forest, South Lake) and commercial area (Marche), surrounded by a 26-hectare lake.
• Marche
• The Forest
• South Lake
• Tilia
• The Grove
• Lake Series

Products and services

• Marche A smart modern market that integrates technology in distribution and supply chain management, featuring cashless payment, TV displays, and an online pick-up center for retail and F&B tenants and shoppers within the Shila at Sawangan development.
• The Forest A residential sanctuary offering comfortable community facilities in a cool natural environment, providing a balance between convenience, privacy, and luxury lifestyle for families and communities.
• South Lake Premium residential area offering 38 lakeside land lots with views of a 26-hectare lake, alongside over 50 commercial tenants and 30 food pods that combine landscape, entertainment, business, and culture.
• Tilia Residential cluster co-developed with PT Diamond Development Indonesia (DDI), a subsidiary of Mitsubishi Corporation, launched as part of the Shila at Sawangan premium residential offering.
• The Grove Premier residential cluster co-developed with PT Diamond Development Indonesia (DDI), a subsidiary of Mitsubishi Corporation, launched as the first premium residential cluster at the Shila at Sawangan development.
• Lake Series Residential series co-developed with PT Diamond Development Indonesia (DDI), a subsidiary of Mitsubishi Corporation, as part of the Shila at Sawangan premium residential development.
• Sawangan Golf, Hotel & Resort Heritage hospitality and recreation complex offering an 18-hole international-standard golf course, hotel and resort accommodation, restaurant, and swimming pool, now operated under PT Pakuan International Country Club.

Quantifiable outcome

• Over 50 commercial tenants and 30 F&B pods established within South Lake commercial area
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• PT Diamond Development Indonesia (DDI)coreStrategic or Co-development PartnerPT Diamond Development Indonesia (DDI), a subsidiary of Mitsubishi Corporation of Japan, is a co-development partner with PT Pakuan for three residential clusters within the Shila at Sawangan project: Tilia, The Grove, and Lake Series. This partnership brings Japanese development standards, capital, and international credibility to the project. DDI's involvement is a key strategic relationship that enhances the company's ability to develop premium residential products.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Ciputra Development: One of Indonesia's largest publicly listed property developers (IDX:CTRA), focused on integrated townships combining residential, commercial, and hospitality uses—directly comparable to PT Pakuan's mixed-use model at Shila at Sawangan.
• Summarecon Agung: Publicly listed Indonesian developer (IDX:SMRA) best known for large-scale integrated townships such as Summarecon Serpong and Bekasi, with residential clusters, commercial centers, and hospitality—closely mirroring PT Pakuan's approach.
• Sinar Mas Land / BSD City: Major Indonesian listed developer (IDX:BSDE) operating BSD City, a master-planned city with residential, commercial, and recreational assets; highly comparable to PT Pakuan's Shila at Sawangan integrated concept.
• Agung Podomoro Land: Indonesian listed developer (IDX:APLN) active in premium residential and mixed-use developments across Jakarta; comparable customer base of affluent urban buyers and similar product mix.
• Alam Sutera Realty: Listed Indonesian developer (IDX:ASRI) behind the Alam Sutera integrated township in Tangerang—same Greater Jakarta corridor as PT Pakuan and similar mixed-use residential/commercial strategy.
• Lippo Karawaci: Listed Indonesian developer (IDX:LPKR) with townships, residential developments, and integrated commercial/hospitality assets; comparable scale and business model.
• Pakuwon Jati: Publicly listed Indonesian developer (IDX:PWON) known for integrated superblock developments combining residential, shopping malls (e.g., Pakuwon Mall), and hospitality—comparable to PT Pakuan's Marche + South Lake commercial ecosystem.
• Intiland Development: Listed Indonesian developer (IDX:DILD) with premium residential projects in Greater Jakarta targeting affluent buyers, overlapping with PT Pakuan's premium segment focus.
• Metropolitan Development (Metropolitan Persada): Indonesian listed developer (IDX:MTLA) involved in residential and mixed-use developments including the Metropolitan Town concept—comparable integrated township approach.

Broad incumbents

• Mitsubishi Estate: Parent of PT Diamond Development Indonesia (PT Pakuan's co-development partner). As a major Japanese real estate developer, it provides a global benchmark for premium mixed-use development and signals the standards DDI brings into the partnership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pt-pakuan-tbk
• Instagraminstagram.com/shilaatsawangan

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT. Pakuan