LPKR Expands Strategic Projects Amid Growing Housing Demand

Jakarta, 2 June 2025 – The April 2025 edition of Rumah123 Flash Report highlights Tangerang as the most sought-after location for residential property searches in Indonesia. The city contributed 15.6% of total national housing listing demand, outpacing South Jakarta (11.5%) and West Jakarta (9.5%).

On a month-on-month basis, Tangerang also recorded the highest increase in popularity, rising by 0.5%, followed by South Jakarta (0.3%) and North Jakarta (0.2%) in the Greater Jakarta area (Jabodetabek).

In addition to demand, the report also pointed to annual property price growth exceeding inflation rates in several cities as of March 2025. Six cities posted significant growth: Yogyakarta (8.9%), Denpasar (6.8%), Semarang (2.4%), Medan (2.0%), Tangerang (1.3%), and Depok (0.9%).

Responding to this positive trend, PT Lippo Karawaci Tbk (LPKR) — Indonesia’s leading real estate and healthcare platform — reaffirmed its commitment to expanding its residential portfolio across key strategic projects, including Park Serpong in Tangerang, which will offer a diverse range of housing options targeting both young families and the premium market.

According to John Riady, Group CEO of Lippo Indonesia, the expansion also includes projects in Lippo Cikarang Cosmopolis and Tanjung Bunga Makassar, as part of the company’s commitment to strengthening its presence in high-growth areas across Indonesia.

In Q1 2025, LPKR’s real estate segment revenue rose 39% to IDR 1.74 trillion, supported by on-schedule handovers and land plot sales. Gross profit reached IDR 577 billion, with EBITDA of IDR 321 billion and an EBITDA margin of 18%.

From January to March 2025, LPKR successfully marketed a variety of property developments, including 18 landed residential projects, 1 low-rise, 1 mid-rise, 4 high-rise developments, and 8 commercial shophouse (ruko) projects. Key project launches in Q1 included Phase 4 of Park Serpong and the Blackslate Series in Tanjung Bunga.

LPKR recorded IDR 1.26 trillion in marketing sales (pre-sales) in Q1, or 20% of its 2025 annual target, with landed housing contributing 80% of the total.

About PT Lippo Karawaci Tbk 

Listed on the Indonesia Stock Exchange, PT Lippo Karawaci Tbk (LPKR) is Indonesia’s leading real estate and healthcare platform, with a presence in 26 provinces and 56 cities across the country and total assets of IDR 53.7 trillion as of December 31, 2024. Its core businesses include urban development, township management, healthcare services, lifestyle malls, and hospitality.

As a premier developer and township operator with 1,395 hectares of ready-to-develop land, LPKR focuses on urban development primarily in Java and Sulawesi, including the flagship township Lippo Village in Tangerang. Through two publicly listed subsidiaries — PT Lippo Cikarang Tbk (83.99%) and PT Gowa Makassar Tourism Development Tbk (62.69%) — the company also manages Lippo Cikarang in Bekasi and Tanjung Bunga in Makassar.

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