Company_detail

Since the beginning, it has been the Ciputra Group’s aspiration to fulfill the need for better dwellings and better living environments. In 1989, PT Ciputra Surya Tbk came into being as PT Bumi Citrasurya and pioneered township development in West Surabaya. In 1999, the Company became a public company and listed in the Jakarta Stock Exchange without initial public offering. The listing was the implementation of debt to equity conversion following the restructuring of the Rupiah Bond issued by the Company.

The first project of the Company is CitraRaya Surabaya, a township development, in West Surabaya, launched in 1993. With 1,126 hectares of licensed area, the project is the largest township development in East Java. Now, CitraRaya, known as The Singapore of Surabaya, is a clean, green and modern city. It is supported by various facilities such as golf course and family club, international and local schools, shops, market, houses of worship, a water park and much more.

Following the success of CitraRaya, the Company developed several other projects to expand the existence of Ciputra Group in East Java and also other parts of Indonesia. In 1995 the Company marked the opening of 18-hole Ciputra Golf, followed by the next 9-hole in 1997 to become the most popular golf club in East Java. The Family Club adjacent to the Golf Club House commenced its operation also in 1997. Both the golf and family club are private clubs by membership only.

In 1997, the Company launched CitraHarmoni, a residential estate with art themed in Sidoarjo, South of Surabaya. In 1998, the Company launched Graha Citra, a residential estate in the north of CitraRaya. Due to weak demand during the monetary crisis in 1998, this project was suspended until 2001. In 2003 this project was re-launched as Bukit Palma. Bukit Palma more affordable houses for middle class, therefore complements CitraRaya which provides more offers houses.

In 2005, the Company launched three new residential projects, i.e. CitraGarden Lampung in Bandar Lampung in Sumatera island, the Taman Dayu in Pandaan, 50 km from Surabaya and CitraGarden Sidoarjo in Sidoarjo.

In 2005, the Company also commenced the operation of Ciputra Waterpark in CitraRaya. Covering 4 hectares of land, Ciputra Waterpark is the largest water park in Indonesia.

The Company has been through a long journey to become a major real estate player in Indonesia. It created vision on raw land and develop it for better living of the people. It successfully survived during the monetary crisis in 1998 and has been growing afterwards. With the experience and support of the solid management of Ciputra Group, the Company is looking forward for the next journey to win.