Pikko Land Development

What Pikko Land Development does

PT Pikko Land Development Tbk (IDX: RODA) is an Indonesian real estate developer incorporated in 1984 and publicly listed on the Indonesia Stock Exchange since 2001. The company develops and sells residential apartments and commercial properties across Jakarta and Greater Jakarta, executing integrated mixed-use projects under its "One Stop Living" and "Green Architecture" concepts that combine residential towers with commercial zones and lifestyle facilities. Completed projects include Botanica Residence (1,022 units, South Jakarta), Sahid Sudirman Residence (697 units), Maple Park Golfview Kemayoran (1,296 units), and Signature Park, while active developments include Signature Park Grande (~2,500 units on 4.4 hectares at MT Haryono) and Thamrin District Bekasi (Rp 1.5 trillion project value, five towers totaling 2,745 units).

The company's revenue model is almost entirely one-time unit sales of strata-titled (hak milik) residential apartments and commercial spaces, sold directly to end buyers through project showrooms and corporate sales offices. Pricing spans Rp 300 million for entry-level residential units in Bekasi to Rp 6.7 billion for premium commercial units at Signature Park Grande. Customer segments are middle-income urban residents (primary residence), individual property investors (strata title for rental income and capital appreciation), and small business owners (commercial retail units), with a one-off Grade A office partnership (The Green at Sudirman with MNC Group) extending into the commercial segment. Distribution relies on direct sales at project sites, a corporate sales office at the Jakarta headquarters, and the company's public listing for capital access.

Financially, Pikko Land generated FY2014 revenue of Rp 685 billion with FY2014 net profit in the Rp 426-518 billion range depending on source disclosure. Reported revenue for more recent years shows high volatility — approximately 35.7 trillion IDR in 2021, declining to 5.2 trillion IDR in 2024, with a partial recovery to 9.3 trillion IDR in 2025 — alongside persistent net losses from 2022 through 2025 (cumulative losses exceeding 12 trillion IDR). Negative EBITDA in three of the four most recent disclosed years signals ongoing operational distress, although total assets of Rp 3.06 trillion and equity of Rp 2.1 trillion as of December 2014 suggest a tangible balance sheet foundation built on land bank and completed inventory.

Name

Pikko Land Development

Legal name

PT Pikko Land Development Tbk

Website

https://pikkoland.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

101–250 employees

Short description

PT Pikko Land Development Tbk (IDX: RODA) is a Jakarta-based real estate developer selling strata-titled residential apartments and commercial properties across Jakarta and Greater Jakarta (Bekasi), targeting middle-income homebuyers, property investors, and small business owners through integrated mixed-use developments.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Land Subdivision (23721), Land Subdivision (237210)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Residential property development
• Mixed-use real estate
• Strata title apartments
• Commercial property development
• Integrated urban developments

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: Development and sale of residential apartment units to individual buyers. Revenue is generated through one-time sales transactions at project completion or during pre-sales phases. The company targets middle-income buyers and investors seeking strata title properties.
2. Commercial Property Sales: Sale of commercial spaces including retail shops, business centers, and office units within mixed-use developments. Commercial units are typically larger floor plates ranging from 44-254 square meters with higher price points.
3. Strata Title Sales: Sale of strata title (hak milik) apartment units which provide individual ownership rights to specific units within multi-story buildings, allowing ownership registration and resale capability.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

PT Pikko Land Development Tbk develops and sells residential apartment units and commercial properties under Indonesia's strata title system across Jakarta and Bekasi. Its portfolio includes integrated mixed-use developments that combine residential apartments, retail and office spaces, and lifestyle facilities, employing One Stop Living and Green Architecture concepts. The company markets units directly to individual buyers, investors, and small business operators through project showrooms and corporate offices.

Product overview

PT Pikko Land Development Tbk is an Indonesian real estate development company that operates as a single business entity focused on property development rather than a unified software platform. The company's product portfolio consists of residential apartment complexes and commercial properties across Jakarta and Bekasi, Indonesia. Residential offerings include Defontein Menteng (luxury units in Central Jakarta), Botanica Residence (three-tower complex in South Jakarta), Sahid Sudirman Residence (CBD location), Signature Park and Signature Park Grande (MT Haryono area with The Light Signature and Green Signature towers), Thamrin District Bekasi (five-tower integrated development), and Maple Park Golfview Kemayoran. Commercial properties include Sahid Sudirman Center (planned Southeast Asia's tallest office building) and The Green at Sudirman. All properties are developed, marketed, and sold to end-users and investors in the Indonesian property market.

Differentiator

Problem solved

Functional benefit

Brands

• Signature Park Grande: Integrated residential development at MT Haryono featuring two towers: The Light Signature and Green Signature, with approximately 2,500 residential units plus commercial space on 4.4 hectares.
• Sahid Sudirman Center
• The Green at Sudirman
• Sahid Sudirman Residence
• Botanica Residence
• Signature Park
• Thamrin District Bekasi
• Maple Park Golfview Kemayoran
• Defontein Menteng

Products and services

• Defontein Menteng An exclusive residential project located in the Menteng area of Jakarta, featuring a colonial design concept with heritage architecture. The project comprises 110 single residential tower units with 2, 3, and 4 bedroom layouts offering luxury amenities and city views.
• Botanica Residence A high-quality apartment complex consisting of three towers with 1,022 units, designed by American Smallwood International architectural firm, located in South Jakarta's Simpruk elite area with facilities including indoor/outdoor swimming pools, tennis courts, water restaurants, and gardens.
• Sahid Sudirman Residence A residential building completed in 2009, situated strategically on Sudirman Street in Jakarta's central business district, consisting of 697 units and 4 office spaces with five convenient access points from Sudirman and KH Mas Mansyur streets.
• Signature Park An apartment complex located on MT Haryono Street in South Jakarta's central business district area, completed in 2012, situated near office areas and train stations connecting to Bekasi, Depok, and Bogor.
• Signature Park Grande An integrated residential development on MT Haryono Street consisting of two towers: The Light Signature (Phase 1, 103,707 sqm, 1,548 units) and Green Signature (Phase 2, 58,078 sqm, 900 units), with a planned third phase of 82,000 sqm.
• The Light Signature A 19-floor tower within the Signature Park Grande development featuring modern architectural design, maximum space design, high comfort, natural light, and panoramic views of Jakarta. Phase 1 contains 1,548 units with 103,707 sqm of area.
• Green Signature A 20-floor tower within the Signature Park Grande development featuring urban mini water park, green landscapes, and scenic gardens providing a tranquil atmosphere in the city center. Phase 2 contains 900 units with 58,078 sqm of area.
• Maple Park Golfview Kemayoran Located in Kemayoran Central Jakarta's central business district next to the Kemayoran Golf Course, completed in 2010 with 1,296 total units (607 sold as of 2014) on 1.1 hectares with GFA of 83,738 sqm.
• Thamrin District Bekasi A new integrated development of exclusive apartments in Bekasi City featuring five 24-floor towers with 549 units each, commercial and lifestyle zones, and a shopping mall. Apartments priced Rp300-990 million per unit. The project offers installment plans starting at Rp1.8 million/month and commercial units at approximately Rp4 billion per unit.
• Sahid Sudirman Center A commercial office building planned as the tallest office building in Southeast Asia, located in Jakarta's Sudirman business center district. Land area approximately 1 hectare with GFA of 206,987 sqm across 57 floors.
• The Green at Sudirman An integrated Grade A office complex developed in partnership with MNC and international tenants, consisting of four commercial buildings with strata title. Located on Sudirman Avenue opposite Sudirman Business Center and near Jakarta's financial center with Indonesia Stock Exchange.

Quantifiable outcome

• Net profit increased 582.81% to Rp260.63 billion in Q3 2013 compared to same period prior year
• +3 more outcomes

Named customers3 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

Feature2 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Pakubumi SemestaminorImplementation/ SI/ Consulting Partner · 18 March 2018Piling contractor appointed for Thamrin District development project. Pakubumi Semesta handled the first pile installation (groundbreaking) for the foundation of the five-tower residential complex in Bekasi.
• PT Pelaksana Jaya MuliacoreImplementation/ SI/ Consulting Partner · 21 November 2015Construction partner for Signature Park Grande development. PT Pelaksana Jaya Mulia Group collaborated on building the integrated residential and commercial complex including The Light Signature tower topping-off ceremony.
• PJM Group (KSO Fortuna Indonesia)coreStrategic or Co-development Partner · 14 November 2015Joint venture partnership through Karya Usaha Bersama (KSO) Fortuna Indonesia for developing integrated mixed-use developments. PJM Group collaborates with Pikko Land on project development including The Light Signature and Green Signature towers at Signature Park Grande.
• PT Pulau IntancoreImplementation/ SI/ Consulting Partner · 14 November 2015Main contractor for construction of Signature Park Grande integrated development. PT Pulau Intan handles building construction for the residential towers and commercial components of the project.
• MNC GroupminorStrategic or Co-development Partner · 14 November 2015Collaboration with MNC for commercial development at The Green at Sudirman project, developing Grade A office buildings in partnership with international tenants for commercial use.

Scale indicators11 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• PT Intiland Development Tbk: Jakarta-based developer of mid- to high-rise apartments, landed housing, and commercial properties. Comparable segment, customer base, and Jakarta-corridor focus to Pikko's residential and mixed-use projects.
• PT Agung Podomoro Land Tbk: Jakarta-focused mixed-use developer of apartments, offices, and shopping centers with strata-title residential towers. Highly comparable to Pikko's CBD-corridor strategy and middle-to-upper residential positioning.
• PT Jaya Real Property Tbk: Developer of BSD City and other Jakarta-area residential and commercial estates. Directly comparable as a listed Indonesian developer with similar middle-market strata-title apartment offerings and integrated commercial components.
• PT Metropolitan Development Tbk: Listed Indonesian property developer active in Greater Jakarta residential, commercial, and mixed-use projects. Closely comparable size and product mix to Pikko, including strata-title apartment sales.
• PT Summarecon Agung Tbk: Develops integrated townships and mixed-use projects with residential apartments, malls, and commercial centers. Comparable to Pikko in delivering One Stop Living-style projects targeted at middle-class Indonesian buyers.
• PT Alam Sutera Realty Tbk: Listed developer of Alam Sutera township in Greater Jakarta, focused on integrated residential, commercial, and retail estates. Closely mirrors Pikko's integrated mixed-use development model targeting middle-income buyers.

Broad incumbents

• PT Lippo Karawaci Tbk: Large diversified Indonesian property and township developer with residential, retail (Lippo Malls), hospitals, and hotels. Comparable as a publicly listed Indonesian developer with broad mixed-use portfolio including strata-title residential.
• PT Ciputra Development Tbk: One of Indonesia's largest publicly listed property developers with diversified residential, commercial, and mixed-use projects across major cities. Comparable to Pikko as a strata-title and integrated-development operator in Greater Jakarta and beyond.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kso-sahid-multi-pratama-gemilang

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 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 Pikko Land Development