LPKR SET TO LAUNCH NEW PROJECTS TO REACH PRE-SALES TARGET

Jakarta, December 13, 2022 – PT Lippo Karawaci Tbk. (LPKR), Indonesia’s leading real estate and healthcare company by total assets and revenue, is pursuing its 2022 pre-sales target of IDR 4.8 trillion to IDR 5.2 trillion by launching several additional landed residential cluster projects in the fourth quarter.

In addition, LPKR is preparing to roll out new low-rise residential projects with unique and modern concepts, new apartment developments in strategic locations, and is also driving demand for ready-to-occupy high-rise units.

Group CEO of LPKR, John Riady, stated that despite a challenging macroeconomic environment in 2022, LPKR continues to make efforts in the real estate segment to achieve its targets. “We will boost pre-sales figures by launching more products in Q4 2022, including offering new projects that open up demand opportunities and optimize the use of our land bank,” he explained.

LPKR’s property performance is also supported by a number of legacy projects initiated in 2019, which are now 100% completed, contributing positively to the company's pre-sales achievement. LPKR currently controls more than 1,000 hectares of land bank located in Karawaci and Cikarang, representing a development potential of IDR 155 trillion.

John further added that as a prominent property developer, LPKR has a strong sales advantage backed by a diversified product portfolio and a wide geographic reach. In addition to projects in Lippo Village, Lippo Cikarang, and Jakarta, LPKR also owns property assets in Karawang, Manado, and Makassar.