Summarecon

What Summarecon does

PT Summarecon Agung Tbk (IDX: SMRA) is an Indonesia-listed integrated township developer founded in 1975 by Soetjipto Nagaria. The company develops self-contained townships that combine residential housing, commercial real estate, retail malls, hospitality, education, and recreation under a single town-management umbrella. Its core operating model covers the full real estate value chain — land acquisition, urban planning, architecture, engineering, project and construction management, infrastructure delivery, sustainable design, and ongoing property management via Summerville Property Management. As of 2025, the company operates nine integrated townships across Greater Jakarta (Kelapa Gading, Serpong, Bekasi, Crown Gading, Tangerang, Bogor), Bandung, Karawang, and Makassar, supported by a wholly-owned platform that includes five shopping malls, hotels, clubs, outlet centers, lifestyle villages (Samasta Bali), schools, and Pradita University.

Summarecon monetizes through five primary streams: one-time residential and commercial unit sales within townships (primary revenue driver, with FY2025 marketing sales of Rp 5.53 trillion, +27% above the Rp 5 trillion target), recurring mall tenant rentals across the Summarecon Mall portfolio, managed leisure and hospitality (Harris Hotel Serpong, The Springs Club, Klub Kelapa Gading, Scientia Square Park, Villaggio Outlets), subscription-based property management fees via Summerville, and education services. Pricing is unit-based, ranging from IDR 690 million for entry-level clusters (Advani Homes, Karawang) to IDR 3.6 billion for premium French-classical residences (Rinoka Cluster, Makassar) and Rp 1.7 billion+ for commercial shophouses (Emerald Commercial). Go-to-market is sales-led through on-site marketing galleries and a property-agent network, augmented by event-driven demand generation (Summarecon Expo, Gedebage Jazz Festival, mall activations) and digital channels targeting middle to upper-middle income Indonesian homebuyers and commercial property investors.

In FY2025, the company reported total revenue of Rp 8.77 trillion and net profit of Rp 1.20 trillion, with a Rp 5/share cash dividend distribution following the results. The company employs 1,001–5,000 staff and is preparing a separate IPO of its Summarecon Investment Property subsidiary.

Name

Summarecon

Legal name

PT Summarecon Agung Tbk

Website

https://summarecon.com

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Summarecon Agung (IDX: SMRA) is an Indonesian integrated township developer operating nine townships across Greater Jakarta, Bandung, Karawang, and Makassar, generating revenue from residential and commercial property sales, mall rentals, hospitality, education, and property management services.

Ownership category

akta.pro rank

Headquarters

HQ city

Pulogadung

HQ country

Indonesia

HQ region

Asia

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Property Sales: Sale of residential units, land plots, and clusters within integrated townships. The company develops townships integrating residential with commercial developments supported by comprehensive amenities. Primary driver of revenue with strong market demand across nine townships.
2. Commercial Property Sales: Sale and lease of commercial spaces including shophouses (Emerald Commercial, Diamond Commercial, Crystal Boulevard, Gading Boulevard Commercial, Quantum Commercial), office towers, and mixed-use commercial developments.
3. Retail Mall Operations: Operation of shopping malls including Summarecon Mall Kelapa Gading, Summarecon Mall Serpong, Summarecon Mall Bekasi, and Summarecon Mall Bandung. Revenue from tenant rentals and mall operations.
4. Leisure and Hospitality: Management of leisure facilities including Scientia Square Park, Samasta Lifestyle Village Bali, clubs (The Springs Club, Klub Kelapa Gading), hotels (Harris Hotel & Convention Serpong), and outlet centers (Villaggio Outlets).
5. Property Management Services: Property management services through Summerville Property Management covering residential and commercial properties within townships.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Summarecon develops and sells integrated townships in Indonesia that combine residential clusters, commercial shophouses, shopping malls, hospitality venues, education, and leisure amenities under a unified town management system. Revenue is generated from the sale of residential and commercial units within nine townships, recurring rental and operational income from five shopping malls, hotels, clubs and lifestyle properties, and ongoing property management services through Summerville.

Product overview

Summarecon (PT Summarecon Agung Tbk) is Indonesia's leading integrated township developer, offering a comprehensive portfolio of property products and services across multiple cities. The company operates a multi-level platform consisting of: (1) Integrated township developments serving as the core product, including Summarecon Kelapa Gading, Serpong, Bekasi, Bandung, Crown Gading, Mutiara Makassar, Emerald Karawang, Bogor, and Tangerang; (2) Retail and lifestyle properties including Summarecon Mall Kelapa Gading, Serpong, Bekasi, Bandung, and Makassar, along with Samasta Lifestyle Village (Bali) and Villaggio Outlets; (3) Hospitality and education services including Harris Hotel & Convention Serpong, Pradita University, Sekolah Terpadu Sedaya Bintang, and Al-Azhar Islamic Schools; (4) Recreation and leisure facilities including Scientia Square Park, The Springs Club, Klub Kelapa Gading, and Wellground; and (5) Modular residential clusters (Rinoka, Violet, Advani Homes, Soultan Island, Ivora, Rona Homes, Louise Residences, The Morizen) and commercial products (Emerald Commercial, Diamond Commercial, Quantum Commercial). The company also operates property management services through Summerville Property Management, supports employee development via its Officer Development Program, and organizes community events including the Gedebage Jazz Festival and Summarecon Expo.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 27% increase in marketing sales, exceeding Rp 5 trillion target to reach Rp 5.53 trillion in 2025
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Ascott International Management IndonesiacoreStrategic or Co-development Partner · 19 June 2026Partnership with Pradita University for industry-based learning through the living laboratory concept. Ascott, along with Harris Hotel & Convention Serpong, provides practical training opportunities for Tourism Study Program students through an Integrated Learning program combining on-campus theoretical learning with hands-on industry experience over two semesters.
• Harris Hotel & Convention SerpongcoreStrategic or Co-development Partner · 19 June 2026Hotel facility partnering with Pradita University and Ascott International for the Integrated Learning program. The partnership enables students to gain practical exposure to hotel operations while developing professional competencies. Implementation begins September 2026.
• Pradita UniversitycoreStrategic or Co-development Partner · 19 June 2026Educational institution partnership through MoA signing on June 19, 2026 for strengthening industry-based learning via the living laboratory concept and Outcome-Based Education (OBE). The partnership develops students' competencies aligned with professional workforce demands and supports Summarecon's commitment as an enterprise university bridging academia and industry.
• Buddha Tzu Chi Foundation IndonesiaminorStrategic or Co-development Partner · 30 May 2026CSR partnership for the Free Cataract Surgery Social Service Program conducted at Murni Teguh Naripan Hospital Bandung. The program was part of Summarecon's 50th Anniversary celebrations, with 104 patients declared eligible for surgery from 244 registrants.
• Murni Teguh Naripan Hospital BandungminorStrategic or Co-development Partner · 30 May 2026Healthcare facility partner for the Free Cataract Surgery program conducted on May 30, 2026. The hospital provided ophthalmologists and medical professionals, supported by post-operative assistance to ensure optimal patient recovery.
• Sumitomo Forestry IndonesiacoreStrategic or Co-development Partner · 11 May 2026Joint development partnership for Rinoka Cluster, an exclusive French-classical style residential development in Summarecon Mutiara Makassar Business District. The cluster features two-story residences designed by architect Faried Masdoeki of Hadiprana, available in Paris and Lyon types with lot sizes 98-126 m² and prices from IDR 1.9 billion to IDR 3.6 billion.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sinar Mas Land: Listed Indonesian property developer behind BSD City, the country's largest integrated township. Closest direct comparator to Summarecon given shared integrated-township model, scale, and concentration in Greater Jakarta and secondary cities.
• Intiland Development: IDX-listed Indonesian property developer active in residential townships, high-rise apartments and commercial developments. Directly comparable on residential township products and Greater Jakarta geographic overlap.
• Ciputra Development: IDX-listed township developer founded by the Ciputra family, operating large-scale integrated residential and commercial projects across Indonesia. Directly comparable in business model (integrated townships) and customer segments (mid-to-upper-middle income).
• Agung Podomoro Land: Indonesian listed property developer of large mixed-use and township projects including Podomoro City and Plaza Indonesia. Comparable as a major IDX-listed residential-commercial developer operating in Greater Jakarta.
• Lippo Karawaci: IDX-listed developer of Lippo Karawaci integrated township in Greater Jakarta, with adjacent hospitals, malls and hospitality. Comparable to Summarecon's mixed-use integrated-township strategy across residential, commercial and recurring-income assets.
• PP Properti: IDX-listed property arm of state-owned construction firm PP, focused on residential townships and high-rises. Comparable as a major Indonesian developer targeting mid-market residential buyers in similar geographies.
• Alam Sutera Realty: Listed developer of Alam Sutera integrated township in the Serpong/Tangerang corridor—the same micro-market where Summarecon operates Summarecon Serpong and Summarecon Tangerang. Highly comparable on product mix, location and target buyer.
• Metropolitan Development: IDX-listed Indonesian property developer of Metropolitan Town development and related residential/commercial projects. Comparable as a mid-cap Indonesian integrated property developer serving middle-income buyers.
• MNC Land: IDX-listed Indonesian developer combining integrated townships (Jakarta International Expo area, Lido), hotels and entertainment assets. Directly comparable to Summarecon's mix of residential, hospitality and lifestyle properties.

Emerging players

• Adhi Commuter Properti: IDX-listed transit-oriented development arm of Adhi Karya, focused on TOD projects around Jakarta LRT/MRT stations. Comparable to Summarecon's newly launched Bekasi Extension Station TOD project.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/summareconkarir
• Facebookweb.facebook.com/summareconcareer
• LinkedInlinkedin.com/company/summarecon-agung

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries27 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 Summarecon