TO REACH 2023 PRE-SALES TARGET, LPKR RELIES ON PROJECTS DEVELOPED IN LIPPO VILLAGE

Jakarta, March 30, 2023 — PT Lippo Karawaci Tbk (LPKR), Indonesia’s leading real estate and healthcare company by revenue, is relying on projects developed in the integrated township of Lippo Village, Tangerang, to help achieve its 2023 pre-sales target of IDR 4.9 trillion.

As previously reported, LPKR booked IDR 4.76 trillion in pre-sales for the year 2022. Based on sales contribution by location, Lippo Village remained the largest contributor with 37%, followed by Lippo Cikarang (29%), and various projects in other cities.

In 2022, LPKR’s holding-level pre-sales reached IDR 3.39 trillion, mainly driven by the Cendana Homes Series in Lippo Village, totaling IDR 1.35 trillion, or equivalent to 40% of total holding-level sales. Performance was also supported by land plot sales worth IDR 865 billion across 7 locations, residential projects in Makassar worth IDR 319 billion, sales of high-rise inventories worth IDR 294 billion, and cemetery plot sales at San Diego Hills totaling IDR 205 billion.

In addition, LPKR’s subsidiary, PT Lippo Cikarang Tbk (LPCK), recorded IDR 1.37 trillion in pre-sales in 2022, with 68% contributed by residential project launches (mainly Waterfront Uptown Estates and Cendana Spark) and 25% from industrial land sales worth IDR 340 billion.

John Riady, Group CEO of LPKR, stated that LPKR has set its 2023 pre-sales guidance at IDR 4.9 trillion, which will be largely driven by new residential products, including landed houses and low-to-mid-rise apartments located in Lippo Village and Lippo Cikarang.

“We are also closely monitoring macroeconomic risk factors that may affect future marketing sales. We are proud of our 2022 achievements, but we must carefully manage increasingly challenging macro headwinds in 2023, including inflationary pressures and a rising interest rate environment, which could potentially weaken demand,” John emphasized.