Tangerang Emerges as the Epicenter of the Landed Residential Market in 2025, LPKR Strengthens its Presence Through Park Serpong

Jakarta, November 3, 2025 — The Director of Strategic Consulting at Cushman & Wakefield Indonesia, Arief N. Rahardjo, stated that the residential housing market across Jakarta, Bogor, Depok, Tangerang, Bekasi (Jabodetabek), and Karawang delivered solid performance in the first half of 2025.

Out of a total of 6,429 newly launched housing units, Tangerang once again affirmed its position as the leading supply hub for landed residential properties, contributing more than half of the total supply at 52%.

Arief noted that while the lower-middle segment (IDR 700 million–IDR 1 billion) continued to dominate supply with a 27% share, an encouraging trend emerged during the period, with new housing supply becoming more evenly distributed across all segments—reflecting developers’ growing confidence in the market. The middle segment priced between IDR 1 billion and IDR 1.7 billion accounted for 23% of total supply, followed by the upper-middle segment at 22% and the high-end segment at 20%.

He further added that despite a larger number of affordable housing launches, the middle segment priced between IDR 1 billion and IDR 1.7 billion proved to be the most in demand, contributing 53.3% of total transactions. This trend indicates that homebuyers are increasingly willing to upgrade, seeking higher-quality residences.

In terms of absorption, Tangerang led the market with an average absorption rate of 19.5 units per project per month—significantly higher than Bogor–Depok, which recorded an average of 9.3 units per month. This illustrates that Tangerang not only offers substantial supply, but also enjoys strong and sustained demand.

Capitalizing on this positive momentum, PT Lippo Karawaci Tbk (LPKR), a leading real estate and healthcare services platform in Indonesia, through its LippoLand business, continues to strengthen its presence by introducing new residential and commercial offerings in the Park Serpong area, Tangerang.

Despite ongoing macroeconomic challenges and fluctuating consumer purchasing power, LPKR recorded presales of IDR 2.47 trillion during the first half of 2025, equivalent to 40% of the Company’s full-year target.

This performance was further supported by sustained demand for both affordable and premium landed homes across various regions, including Park Serpong, which contributed 67% of total presales—reflecting strong interest from both first-time homebuyers and end-users.

Group CEO of Lippo Indonesia, John Riady, stated that presales results and financial performance for the first half of 2025 were driven by the timely handover of various products across multiple locations. He also added that LPKR’s affordable housing strategy, complemented by offerings in the premium segment, has continued to support strong presales performance.

With solid achievements in the first half of the year, LPKR’s management remains optimistic about sustaining growth momentum. The Company remains focused on delivering quality, affordable, and market-relevant housing solutions that meet the evolving needs of modern communities.

About PT Lippo Karawaci Tbk

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

As a leading real estate developer and township operator with 1,362 hectares of land ready for development, LPKR develops and manages urban developments primarily in Java and Sulawesi, including its flagship township, Lippo Village in Tangerang. Through two publicly listed subsidiaries—PT Lippo Cikarang Tbk and PT Gowa Makassar Tourism Development Tbk—of which the Company holds 90.65% and 62.69%, respectively—LPKR also develops and manages Lippo Cikarang in Bekasi and the Tanjung Bunga area in Makassar.

In addition, LPKR holds a 29.09% stake in PT Siloam International Hospitals Tbk, Indonesia’s leading private hospital network, operating 41 hospitals and 73 clinics across 23 provinces nationwide. Beyond healthcare, the Company manages 59 malls across Indonesia 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 hotels under the Aryaduta brand, as well as country clubs and golf courses.