Indonesia's Property Market Remains Resilient, LPKR Records Rp4.02 Trillion in Presales

Jakarta, November 24, 2025 – Despite ongoing economic pressures and social dynamics, Indonesia’s property market continues to demonstrate solid resilience and positive signals in the third quarter of 2025. This is reflected in the latest data from Pinhome, through the Pinhome Home Sell Index (PHSI) and Pinhome Home Rental Index (PHRI) for Q3 2025, which indicate market growth across various cities.Although price stagnation and corrections have occurred in several cities due to weakened purchasing power, softer consumer sentiment, and social dynamics, the majority of cities continue to record positive price growth.

Dayu Dara Permata, Co-Founder and CEO of Pinhome, stated that the resilience of the property market has been supported by government stimulus measures and monetary policy aimed at maintaining stability. “Policies such as interest rate reductions and value-added tax (VAT) incentives have been key pillars supporting market stability,” she said. Dara further noted that toward year-end, the property market consolidation trend is expected to shift in a more positive direction.

Improving sentiment and the injection of Rp200 trillion in liquidity into state-owned banks are two key factors driving the recovery, particularly in the affordable and middle-income housing segments. “The combination of improving market confidence and liquidity easing has the potential to accelerate demand growth while maintaining price stability amid an increasingly dynamic economic environment,” she added.

Amid this backdrop, PT Lippo Karawaci Tbk (LPKR), Indonesia’s leading integrated real estate and healthcare services platform, successfully recorded presales of Rp4.02 trillion as of the third quarter of 2025, equivalent to 64% of the Company’s full-year target. This performance was driven by strong demand for both affordable and premium landed residential products, which accounted for 70% of total presales. These products were sought after by first-time homebuyers as well as end-users looking for high-quality residential properties with attractive investment value. Two flagship projects—Park Serpong Phases 4 and 5 and Metropolis Marq Estate in Tangerang City—were the key contributors to this achievement.

From a financial perspective, revenue from the real estate segment grew 74% year-on-year to Rp5.5 trillion, supported by timely project handovers. Meanwhile, EBITDA of Rp843 billion reflected the benefits of operational efficiencies and optimal project execution. Over the first nine months of the year, LPKR delivered a strong overall performance, recording net profit after tax (NPAT) of Rp368 billion, with total revenue reaching Rp6.51 trillion and EBITDA of Rp997 billion. The Company also maintained a solid liquidity position of Rp2.2 trillion, underscoring its sound and disciplined financial management. “We are proud of our solid nine-month performance, supported by timely product handovers and disciplined business strategies,” said John Riady, CEO of the Lippo Indonesia Group. “Our affordable housing strategy, complemented by premium projects, has proven effective in driving sales growth, while also strengthening our capital structure through sustained debt reduction,” he added.

About PT Lippo Karawaci Tbk

Listed on the Indonesia Stock Exchange, PT Lippo Karawaci Tbk (“LPKR”) is a leading integrated real estate and healthcare services platform in Indonesia, with a presence across 26 provinces and 56 cities nationwide and total assets of Rp53.7 trillion as of December 31, 2024. The Company’s core businesses include real estate development, township management, healthcare services, lifestyle retail malls, and hospitality.

As a leading real estate developer and township operator with 1,337 hectares of ready-to-develop land, LPKR develops and manages urban developments primarily in Java and Sulawesi, including its flagship Lippo Village in Tangerang. Through two listed subsidiaries—PT Lippo Cikarang Tbk and PT Gowa Makassar Tourism Development Tbk—in which the Company holds 90.65% and 57.76% ownership stakes respectively, LPKR also develops and manages Lippo Cikarang in Bekasi and Tanjung Bunga in Makassar.

In addition, LPKR holds a 29.09% stake in PT Siloam International Hospitals Tbk, Indonesia’s leading private hospital network, comprising 41 hospitals and 73 clinics across 23 provinces. Beyond healthcare, the Company also manages 59 malls nationwide and holds a 47.29% interest in Lippo Malls Indonesia Retail Trust, a Singapore-listed REIT with assets under management of SGD 1.6 billion as of December 31, 2024. The Company also operates 10 Aryaduta-branded hotels, as well as country clubs and golf courses.