What Pt. Wijaya Karya Realty does

PT Wijaya Karya Realty (WIKA Realty) is an Indonesian property development, hotel management, and property asset investment company established in 2000 as a wholly-owned subsidiary of PT Wijaya Karya (Persero) Tbk (WIKA), one of Indonesia's largest state-owned construction and engineering conglomerates. The company's core operations are organized around three service pillars: property development (residential landed houses and high-rise apartments under the Tamansari sub-brand), hotel and hospitality operations, and property asset and investment management. WIKA Realty is headquartered at Tamansari Hive Office in East Jakarta and develops projects across multiple Indonesian cities including Palembang, Samarinda, Balikpapan, Makassar, Manado, and Depok/Jakarta.

The flagship Tamansari portfolio spans both landed-house communities (such as Tamansari Swarna Residence, Tamansari Grand Samarinda, Tamansari Puri Bali II, and Tamansari Metropolitan Manado III) and high-rise apartments (Tamansari Skylounge in Balikpapan and Makassar), with unit types ranging from Type 27/84 starter homes to Type 285/300 premium residences and Studio-to-Two-Bedroom apartment units. Selected products feature a Tamansari Smart Home System for residential IoT control and integrated security infrastructure (one-gate entry, 24-hour surveillance, CCTV). The company reports receiving hundreds of industry and safety awards, including 2022 SMK3 Gold certification and a World Safety Organization Indonesia Safety Culture Award.

WIKA Realty's go-to-market is a direct sales model combining on-site sales offices at each project, a corporate website with project microsites, WhatsApp/direct call contact points, and active social media presence on YouTube, Instagram, and Facebook. Pricing is unit-specific and aggressively promotional, with time-limited campaigns offering subsidized down payments as low as Rp 5 million, full VAT coverage, free notary/AJB/BPHTB conveyancing costs, free electric motorbikes, and KPR (Indonesian mortgage) support to broaden the addressable buyer pool. The company announced a 2022 marketing sales target of Rp 2.5 trillion and stated strategic intent to develop state-owned-enterprise hotels and strengthen recurring revenue. Revenue figures are not publicly disclosed, and the customer base consists primarily of individual Indonesian families and retail buyers purchasing for personal residence or investment.

Name

Pt. Wijaya Karya Realty

Legal name

PT Wijaya Karya Realty

Website

https://wikarealty.co.id

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT Wijaya Karya Realty (WIKA Realty) is an Indonesian residential property developer and hotel operator, wholly owned by state-owned WIKA Group. It develops landed houses and high-rise apartments under the Tamansari brand across multiple Indonesian cities, selling directly to individual homebuyers through project-site sales offices and digital channels.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Other Activities Related to Real Estate (531390)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Residential property development
• Real estate developer
• Apartment development
• Hospitality services
• Property asset management

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Development Sales: Revenue generated from the sale of residential landed houses and apartment units under the Tamansari brand portfolio, including Tamansari Swarna Residence (Palembang), Tamansari Grand Samarinda (East Kalimantan), Tamansari Puri Bali II (Depok/Jakarta), Tamansari Skylounge Makassar (South Sulawesi), Tamansari Skylounge Balikpapan (East Kalimantan), and Tamansari Metropolitan Manado III (North Sulawesi. Sales are offered with various financing structures including installment plans, subsidized down payments, VAT-free promotions, and KPR (mortgage) support. The company targets Rp2.5 trillion in marketing sales annually.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

WIKA Realty develops and sells residential landed houses and high-rise apartments under the Tamansari brand across multiple Indonesian cities, complemented by hotel operations and property asset investment services. The company offers end-to-end property development from land acquisition to finished units ready for occupancy, with financing support through KPR (mortgage) programs, installment plans, and government-backed subsidy schemes.

Product overview

WIKA Realty operates as a property development company under PT Wijaya Karya (WIKA), a state-owned enterprise (BUMN). The company's product portfolio consists of four main service categories: Property Development (residential projects under the Tamansari brand), Property Asset & Investment, Hotel/Hospitality services, and WIKA Realty Archipelago (projects across Indonesia). The Property Development segment forms the core of the business with multiple landed house projects (Tamansari Swarna Residence in Palembang, Tamansari Grand Samarinda in East Kalimantan, Tamansari Puri Bali II in Depok, Tamansari Metropolitan Manado III in North Sulawesi) and high-rise apartment projects (Tamansari Skylounge Balikpapan and Tamansari Skylounge Makassar). Each Tamansari project offers various unit types with shared amenities including security systems, gardens, and commercial areas.

Differentiator

Problem solved

Functional benefit

Brands

• Tamansari: Primary property development brand featuring residential and commercial projects across Indonesia including Tamansari Swarna Residence (Palembang), Tamansari Grand Samarinda, Tamansari Skylounge (Makassar, Balikpapan), Tamansari Metropolitan (Manado), and Tamansari Puri Bali.

Products and services

• Tamansari Swarna Residence

Quantifiable outcome

• Marketing sales target of Rp 2.5 Trillion set for 2022

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Palang Merah Indonesia (PMI) Kabupaten BekasicoreStrategic or Co-development Partner · 26 February 2024WIKA Realty collaborated with PMI Kabupaten Bekasi to organize a blood donation event held at Tamansari Hive office on February 26, 2024. More than 70 donors participated. PMI provided the blood collection infrastructure while WIKA Realty organized the event as part of its CSR program commemorating WIKA's 64th anniversary. PMI noted that Jakarta's daily blood needs reach 800-1,000 blood bags.
• Posyandu Dahlia, Pulo Gadung, Jakarta TimurcoreStrategic or Co-development Partner · 21 February 2024WIKA Realty partnered with Posyandu Dahlia in Pulo Gadung, East Jakarta, to conduct a seminar on stunting prevention with the theme 'Complementary Feeding Rich in Animal Protein Prevents Stunting' on February 21, 2024. WIKA Realty also provided health assistance including height and weight measuring tools for children, and distributed UHT milk, anchovies, and high-protein eggs to 100 family cards covering 140 children.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ptwijayakaryarealty7072
• Facebookm.facebook.com/100080295775236
• Instagraminstagram.com/ptwikarealty
• LinkedInlinkedin.com/company/pt-wijaya-karya-realty

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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. Wijaya Karya Realty