PT Ciputra Development Tbk (“Ciputra Development”) is one of Indonesia leading real estate companies. Established in 1981, the development of large scale residential and commercial properties is the core business of Ciputra Development. Headquartered in Jakarta, Ciputra Development has spanned its operations and currently develops and operates 21 residential and commercial properties in 14 major cities throughout Indonesia. Developed commercial properties include shopping centers, hotels, service apartment and golf course. These wide properties range and strong networks promote Ciputra Development as one of the most diversified real estate companies in term of product, location and market segmentation. Ciputra Development also has best reputation in adding the properties value and well experienced management team to support business expansion. Ciputra Development listed in 1994. The listed subsidiaries are PT Ciputra Surya Tbk and PT Ciputra Property Tbk, both have the same core business as Ciputra Development.