PT Agung Podomoro Land

What PT Agung Podomoro Land does

PT Agung Podomoro Land Tbk (IDX: APLN) is the flagship publicly listed real estate entity of the Agung Podomoro Group (APG), which traces its origins to 1969 when founder Anton Haliman established the group and completed its first housing complex in Simprug, South Jakarta in 1973. APLN itself was established on 30 July 2004 as PT Tiara Metropolitan Jaya and was renamed following a 2010 corporate restructuring that transferred six APG developments and their holding companies into the listed vehicle; the entity subsequently listed on the Indonesia Stock Exchange on 11 November 2010 under ticker APLN. The group operates under a vertically integrated property development model covering land acquisition and sourcing, design, development, project management, sales, commercial leasing and marketing, and ongoing operations management of its superblock developments, shopping malls, offices, hotels, and residential assets. APLN is credited as the pioneer of the superblock concept in Indonesia, integrating residential, retail, leisure, and office space within single high-rise mixed-use complexes.

The company's product portfolio spans flagship superblocks (Podomoro City, Kuningan City, Central Park, Green Bay Pluit, Podomoro City Deli Medan, Borneo Bay City Balikpapan, Grand Madison), premium and affordable townships (Podomoro Park Bandung at 130 ha, Podomoro Golf View, Kota Kertabumi, Bukit Podomoro Jakarta, Kota Podomoro Tenjo), landed-house developments (Grand Taruma, Orchard Park, Vimala Hills, Parkland Podomoro Karawang), commercial properties (Senayan City, Baywalk Mall, Festival Citylink, Emporium Pluit Mall, Plaza Kenari Mas, Harco Glodok), office products (NEO SOHO, SOHO variants, APL Tower, AXA Tower), and hotel operations under multiple international and domestic brands (Hotel Indigo Seminyak under IHG, Pullman, Harris, Amaris, 101 Urban). Revenue is generated through a hybrid model combining one-time revenue from residential and commercial unit sales with recurring revenue from mall and office leasing and hotel operations. Distribution relies on on-site marketing galleries and show units at every project site, supported by mortgage financing partnerships with at least ten Indonesian banks.

The company serves a horizontal segmentation across middle-income households, high-income households, young professionals and first-time buyers (via the Millennial Home concept), commercial tenants in its mall and office assets, hotel guests, and government program beneficiaries through its affordable-housing participation in the One Million Houses Program. Geographic operations span greater Jakarta and secondary Indonesian cities including Bogor, Bandung, Karawang, Medan, Batam, Balikpapan, Makassar, and Bali, with the APG group having completed or begun construction on more than 70 property projects since 1973.

Name

PT Agung Podomoro Land

Legal name

PT Agung Podomoro Land Tbk

Website

https://agungpodomoroland.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT Agung Podomoro Land (IDX: APLN) is an Indonesian publicly listed real estate developer and manager operating across retail, commercial, residential, office, and hotel segments through an integrated superblock development model, serving middle-income, high-income, and first-time-buyer segments across greater Jakarta and secondary Indonesian cities.

Ownership category

akta.pro rank

Product category

Integrated Real Estate Development

NAICS

Land Subdivision (2372)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Integrated property development
• Superblock real estate
• Residential apartments developer
• Mixed-use commercial properties
• Township housing developments

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Sales: Revenue from sales of residential units (apartments, landed houses), commercial spaces, and mixed-use developments. Adopted fast churn concept with high capital turnover model.
2. Commercial Leasing and Operations: Recurring revenue from leasing and operating shopping malls, office towers, and hotels within superblock developments. Company nurtures commercial properties to increase recurring revenue streams.
3. Hotel Operations: Revenue from hotel operations including Hotel Indigo Seminyak, Pullman Hotels, Harris Hotels, and other hospitality properties under management.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

PT Agung Podomoro Land is an integrated Indonesian property developer that builds, sells, and operates superblocks, townships, apartments, landed houses, shopping malls, office towers, and hotels. Its integrated model covers the full property lifecycle from land acquisition and design through development, sales, leasing, marketing, and ongoing operations management of superblock and mixed-use developments across Indonesia.

Product overview

PT Agung Podomoro Land Tbk (APLN) operates as an integrated property developer with a diversified portfolio spanning superblocks, residential apartments, landed houses, commercial malls, office towers, and hotels across Indonesia. The company pioneered the superblock concept in Indonesia, combining residential, retail, leisure, and office spaces within integrated high-rise developments. The product portfolio includes flagship superblocks (Podomoro City, Kuningan City, Central Park, Green Bay Pluit, Podomoro City Deli Medan), premium townships (Podomoro Park Bandung, Podomoro Golf View, Kota Kertabumi, Bukit Podomoro Jakarta), landed house developments (Grand Taruma, Orchard Park, Vimala Hills), commercial properties (Senayan City, Festival Citylink, Baywalk Mall), office products (NEO SOHO, SOHO variants, APL Tower), and hotel operations (Hotel Indigo, Pullman, Harris, Amaris brands). The integrated model encompasses land acquisition, design, development, project management, sales, leasing, marketing, and property management operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Podomoro City Flagship superblock development featuring integrated residential, retail, office, and leisure spaces in West Jakarta. Houses the company's headquarters at APL Tower (43rd-45th Floor), Podomoro City.
• Central Park Large-scale integrated superblock development in West Jakarta comprising a shopping mall, residential apartments (including Mediterania Garden Residences, Royal Mediterania Garden), and hotel components.
• Kuningan City Mixed-use development in South Jakarta's central business district combining retail, offices (AXA Tower), and residences (Denpasar Residences by Kuningan City).
• Green Bay Pluit Waterfront superblock development in North Jakarta featuring residential units, Baywalk Mall, and recreational facilities.
• Podomoro City Deli Medan First luxury superblock in Medan and Sumatra, comprising 2,730 apartments, an office tower, and a retail mall developed on 5.2 hectares. Recognized with AREBI 2025 Best Choice Show Unit in Sumatera award.
• Borneo Bay City Balikpapan Residential complex with superblock concept on 4.9 hectares of reclaimed land in East Kalimantan, featuring 1,220 apartment units and a shopping center.
• Podomoro Park Bandung 130-hectare premium residential township in Buahbatu, Bandung, featuring resort-style living with lakeside homes and a resort atmosphere. Includes the Millennial Home concept that delivered 700 units by January 2026. Recognized as Best Resort-Style Housing in Bandung 2025.
• Podomoro Golf View Township development in Cimanggis, West Java, supporting the government's One Million Houses Program with affordable housing options near the Jagorawi toll road. Includes the Khaya Cluster with smart-technology-integrated, green-surrounded units (Ivory, Amethyst, Emerald, Sapphire, Alexandrite, and Amethyst Premium types starting from IDR 900 million).
• Kota Kertabumi Integrated district in Karawang featuring Business Park, Shop House, Thematic Garden, F&B Area, Apartment, and Private Residential components, including the Kertawijaya housing units handed over in December 2025. Recognized as Most Progressive Middle-Up Class Housing Project in Karawang (2022).
• Bukit Podomoro Jakarta Premium super-luxury residential and mixed-use development in East Jakarta targeting urban professionals and investors. Recognized as Most Luxurious Residential Project in Jakarta (2024) and Most Recommended Premium Housing Project with Sanctuary Living Concept in Jakarta (2025).
• Kota Podomoro Tenjo Affordable township project developed as part of transit-oriented development near Tenjo, Bogor. Recognized as Best Township Development Project 2025 Region West Bogor by Golden Property Awards.
• The Pakubuwono Spring High-end residential apartment development in South Jakarta featuring 543 apartments across two towers, with luxury amenities including heated pool, sauna, spa, and sky gym.
• Grand Taruma Residential landed housing development in Karawang on 45.9 hectares with direct access to the Jakarta-Cikampek toll road, featuring 1,182 houses for middle-income families.
• Orchard Park Integrated residential development in Batam on 40.8 hectares targeting Indonesian professionals, featuring 1,218 apartments, 1,120 houses, and 12,086 sqm of retail space.
• Vimala Hills Villa and Resort Premium villa and resort development in Bogor featuring nature-friendly properties on 100 hectares with views of Pangrango, Salak, and Geulis mountains. Includes Pullman Ciawi Vimala Hills hotel operations.
• Senayan City Premium shopping mall and lifestyle center in the Senayan area of South Jakarta, one of APLN's flagship commercial developments and a recognized landmark project.
• Hotel Indigo Seminyak First 5-star hotel in Indonesia operated under the Indigo brand by InterContinental Hotels Group, located in Bali's Seminyak beach area with approximately 270 rooms and 19 villas.
• Pullman & Ibis Style Grand Central Bandung Premium hotel complex in Bandung featuring Pullman and Ibis Style brands operated by Accor within APLN's Grand Central Bandung development.
• HARRIS Hotel & Conventions Festival Citylink Bandung Four-star hotel and conventions property within Festival Citylink development in Bandung, operated under the HARRIS brand.

Quantifiable outcome

• Over 70 property projects completed since 1973
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Intercontinental Hotels Group (IHG)coreStrategic or Co-development PartnerOperator of Hotel Indigo Seminyak Bali, the first 5-star hotel in Indonesia under the Indigo brand by IHG network. Located in Seminyak, Bali with approximately 270 rooms and 19 villas.
• Inner City ManagementcoreImplementation/ SI/ Consulting PartnerEstate management company overseeing Podomoro Golf View operational readiness and residential environment quality. Ensures quality of environment and operational readiness from moment of handover.
• PT Shimizu Pembangunan PratamaminorStrategic or Co-development PartnerConstruction partner collaborating with Podomoro Park Bandung and six national banks to deliver world-class affordable homes. Part of Grand Collaboration Ceremony in November 2025.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Summarecon Agung: Indonesian publicly listed property developer (IDX: SMRA) known for integrated township developments (Summarecon Bekasi, Serpong, Bandung, etc.) combining residential, commercial, and hospitality. Directly comparable on the integrated superblock/township thesis and middle-to-upper segment focus.
• Sinar Mas Land: One of Indonesia's largest publicly listed property developers (IDX: BSDE), operating BSD City and integrated townships with mixed-use components. Closely comparable to APLN in superblock/township integrated development model and broad customer segment coverage.
• Intiland Development: Indonesian publicly listed developer (IDX: DILD) with a portfolio of residential apartments, landed houses, and mixed-use projects across Jakarta and other cities. Comparable in mid-to-high residential product mix and mixed-use developments.
• Ciputra Development: Major Indonesian publicly listed real estate developer (IDX: CTRA) with diversified residential, commercial, and mixed-use developments nationwide. Highly comparable to APLN in target segments, product categories, and go-to-market approach for middle- to upper-income Indonesian buyers.
• Alam Sutera Realty: Indonesian publicly listed property developer (IDX: ASRI) focused on Alam Sutera township in Tangerang with residential, commercial, and hospitality components. Comparable integrated development model targeting similar middle-to-upper income segments.
• Lippo Karawaci: Indonesian publicly listed diversified property developer (IDX: LPKR) operating Lippo Village and broader townships with residential, retail (Lippo Malls), and healthcare components. Comparable integrated mixed-use model and broad Indonesian geographic exposure.
• Jakarta Setiabudi Internasional: Indonesian publicly listed property company (IDX: JKSI) developing mixed-use projects including hotels, offices, and residences in central Jakarta. Comparable as a focused mixed-use developer with overlapping Jakarta footprint.

Emerging players

• MNC Land: Indonesian property developer (IDX: KPIG) operating integrated developments including theme parks, hotels, and residential projects. Overlaps with APLN on integrated mixed-use developments and hospitality-adjacent real estate.

Regional players

• Ayala Land: Philippines' largest publicly listed property developer (PSE: ALI) known for integrated mixed-use estates, townships, and resorts. Highly comparable business model and superblock concept though operating in Philippines rather than Indonesia.

Broad incumbents

• Country Garden Holdings: Large Chinese property developer operating extensive mixed-use townships (e.g., Forest City in Malaysia) with global footprint. Comparable in integrated superblock/township development approach, though operating across broader geographies and at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCduFiiL8_rmsezKVd32Xk2A?view_as=subscriber
• Facebookfacebook.com/PT.AgungPodomoroLand.Tbk
• Instagraminstagram.com/agungpodomoro
• Xx.com/agungpodomoro

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries10 records

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 Agung Podomoro Land