LPKR INTRODUCES NEW COMMERCIAL AREA AND PROMISING INVESTMENT OPPORTUNITY IN THE NEW CBD OF LIPPO VILLAGE

Jakarta, April 6, 2022 — The property sector has been identified as one of the key drivers of national economic recovery in the post-pandemic era. Supported by various strategic policies issued by the government, the property market—particularly commercial units—has experienced a surge in demand. According to Real Estate Indonesia (REI), commercial unit sales in Indonesia saw a significant increase of 223% in 2021, reaching 73,518 units, compared to 22,721 units in the same period in 2020.

Private developers are also playing an important role in this positive trend. John Riady, CEO of PT Lippo Karawaci Tbk. (LPKR), commented, “The national economy, especially the property industry, has shown signs of steady improvement thanks to supportive government policies and growing consumer interest. As developers, we must be innovative and agile in seizing opportunities and responding to post-pandemic challenges. We’ve observed that market demand is now expanding beyond just residential products—commercial properties are also on the rise. This is due in part to the emergence of new business opportunities born out of the pandemic, alongside the growing trend of working from home (WFH).”

“In response, LPKR is preparing to launch a new commercial housing project in Q2/2022 that is designed to serve as a vibrant community and neighborhood hub,” John added. “The project’s concept combines functionality for both residential and business purposes, allowing owners to live and run their businesses under one roof—while also ensuring long-term investment value.”