PT Cowell Development Tbk is one of the leading property developers in Indonesia, specializing in the mid high-end property development. Established on March 25th, 1981, the Company has been constantly delivering and creating unique and quality products to meet the market demands.Initially established as PT Internusa Artacipta, the Company changed its name in 2005 to PT Karya Cipta Putra Indonesia. In 2007, the Company finally changed its identity to PT Cowell Development Tbk.Over the years, the Company has undertaken high quality projects. The Company commenced its first project in 1984, developing Melati Mas Residence (formerly known as Villa Melati Mas), a residential property located in Serpong, South Tangerang. In the subsequent years, the Company expanded its coverage to apartment and commercial building development projects.Today, the Company portfolio consists of five residential properties, namely Melati Mas Residence, Serpong Park, Serpong Terrace, Laverde, and Borneo Paradiso, and multi-storey buildings such as Westmark, The Oasis, and Lexington Residence. The Oasis and Borneo Paradiso are developed under the mixed-use concept, which combines residential, commercial, and supporting facilities in one sizeable area.The Company's high standard has earned it good reputation for its remarkable and outstanding projects. This tremendous achievement has brought up the Company to be one of the prominent, respected, and profitable developers in the property industry.Since its establishment, PT Cowell Development Tbk has been on a journey of continuous development as a leading property developer.1981 Company EstablishmentThe Company was established as PT Internusa Artacipta on March 25.1984 Melati Mas Residence DevelopmentThe Company obtained its first housing project developing Melati Mas Residence (MMR) in Serpong.2000 New ShareholdersPT Gama Nusapala became a shareholder of the Company with the ownership of 50% shares.2004 Serpong Park DevelopmentThe Company developed Serpong Park, a modern residential complex in Serpong.2005 Company Name ChangeThe Company changed its name from PT Internusa Artacipta to PT Cipta Karya Putra Indonesia in line with the ownership change.2007 IPO and Company Name ChangeThe Company conducted an Initial Public Offering (IPO) and changed its name to PT Cowell Development Tbk.2009 Borneo Paradiso DevelopmentThe Company developed Borneo Paradiso, a housing complex in Balikpapan.2011 Westmark Apartment DevelopmentPT Sandi Mitra Selaras, a subsidiary of the Company, worked on the development of Westmark Apartment, an apartment complex in the center of West Jakarta.2012 The Acquisition of PT PALThe Company acquired 99.98% ownership of PT Plaza Adika Lestari (PAL).2013 Lexington Residence Apartment DevelopmentUpon the acquisition of 99.99% share of PT Satria Heritage Permata Perkasa, the Company worked on the development of Lexington Residence Apartment in South Jakarta.2014 The Oasis Apartment DevelopmentUpon the acquisition of 99.99% shares of PT Nusantara Prospekindo Sukses, the Company developed The Oasis Apartment in Cikarang.
PT Cowell Development Tbk is one of the leading property developers in Indonesia, specializing in the mid high-end property development. Established on March 25th, 1981, the Company has been constantly delivering and creating unique and quality products to meet the market demands.Initially established as PT Internusa Artacipta, the Company changed its name in 2005 to PT Karya Cipta Putra Indonesia. In 2007, the Company finally changed its identity to PT Cowell Development Tbk.Over the years, the Company has undertaken high quality projects. The Company commenced its first project in 1984, developing Melati Mas Residence (formerly known as Villa Melati Mas), a residential property located in Serpong, South Tangerang. In the subsequent years, the Company expanded its coverage to apartment and commercial building development projects.Today, the Company portfolio consists of five residential properties, namely Melati Mas Residence, Serpong Park, Serpong Terrace, Laverde, and Borneo Paradiso, and multi-storey buildings such as Westmark, The Oasis, and Lexington Residence. The Oasis and Borneo Paradiso are developed under the mixed-use concept, which combines residential, commercial, and supporting facilities in one sizeable area.The Company's high standard has earned it good reputation for its remarkable and outstanding projects. This tremendous achievement has brought up the Company to be one of the prominent, respected, and profitable developers in the property industry.Since its establishment, PT Cowell Development Tbk has been on a journey of continuous development as a leading property developer.1981 Company EstablishmentThe Company was established as PT Internusa Artacipta on March 25.1984 Melati Mas Residence DevelopmentThe Company obtained its first housing project developing Melati Mas Residence (MMR) in Serpong.2000 New ShareholdersPT Gama Nusapala became a shareholder of the Company with the ownership of 50% shares.2004 Serpong Park DevelopmentThe Company developed Serpong Park, a modern residential complex in Serpong.2005 Company Name ChangeThe Company changed its name from PT Internusa Artacipta to PT Cipta Karya Putra Indonesia in line with the ownership change.2007 IPO and Company Name ChangeThe Company conducted an Initial Public Offering (IPO) and changed its name to PT Cowell Development Tbk.2009 Borneo Paradiso DevelopmentThe Company developed Borneo Paradiso, a housing complex in Balikpapan.2011 Westmark Apartment DevelopmentPT Sandi Mitra Selaras, a subsidiary of the Company, worked on the development of Westmark Apartment, an apartment complex in the center of West Jakarta.2012 The Acquisition of PT PALThe Company acquired 99.98% ownership of PT Plaza Adika Lestari (PAL).2013 Lexington Residence Apartment DevelopmentUpon the acquisition of 99.99% share of PT Satria Heritage Permata Perkasa, the Company worked on the development of Lexington Residence Apartment in South Jakarta.2014 The Oasis Apartment DevelopmentUpon the acquisition of 99.99% shares of PT Nusantara Prospekindo Sukses, the Company developed The Oasis Apartment in Cikarang.
PT Cowell Development Tbk is one of the leading property developers in Indonesia, specializing in the mid high-end property development. Established on March 25th, 1981, the Company has been constantly delivering and creating unique and quality products to meet the market demands.Initially established as PT Internusa Artacipta, the Company changed its name in 2005 to PT Karya Cipta Putra Indonesia. In 2007, the Company finally changed its identity to PT Cowell Development Tbk.Over the years, the Company has undertaken high quality projects. The Company commenced its first project in 1984, developing Melati Mas Residence (formerly known as Villa Melati Mas), a residential property located in Serpong, South Tangerang. In the subsequent years, the Company expanded its coverage to apartment and commercial building development projects.Today, the Company portfolio consists of five residential properties, namely Melati Mas Residence, Serpong Park, Serpong Terrace, Laverde, and Borneo Paradiso, and multi-storey buildings such as Westmark, The Oasis, and Lexington Residence. The Oasis and Borneo Paradiso are developed under the mixed-use concept, which combines residential, commercial, and supporting facilities in one sizeable area.The Company's high standard has earned it good reputation for its remarkable and outstanding projects. This tremendous achievement has brought up the Company to be one of the prominent, respected, and profitable developers in the property industry.Since its establishment, PT Cowell Development Tbk has been on a journey of continuous development as a leading property developer.1981 Company EstablishmentThe Company was established as PT Internusa Artacipta on March 25.1984 Melati Mas Residence DevelopmentThe Company obtained its first housing project developing Melati Mas Residence (MMR) in Serpong.2000 New ShareholdersPT Gama Nusapala became a shareholder of the Company with the ownership of 50% shares.2004 Serpong Park DevelopmentThe Company developed Serpong Park, a modern residential complex in Serpong.2005 Company Name ChangeThe Company changed its name from PT Internusa Artacipta to PT Cipta Karya Putra Indonesia in line with the ownership change.2007 IPO and Company Name ChangeThe Company conducted an Initial Public Offering (IPO) and changed its name to PT Cowell Development Tbk.2009 Borneo Paradiso DevelopmentThe Company developed Borneo Paradiso, a housing complex in Balikpapan.2011 Westmark Apartment DevelopmentPT Sandi Mitra Selaras, a subsidiary of the Company, worked on the development of Westmark Apartment, an apartment complex in the center of West Jakarta.2012 The Acquisition of PT PALThe Company acquired 99.98% ownership of PT Plaza Adika Lestari (PAL).2013 Lexington Residence Apartment DevelopmentUpon the acquisition of 99.99% share of PT Satria Heritage Permata Perkasa, the Company worked on the development of Lexington Residence Apartment in South Jakarta.2014 The Oasis Apartment DevelopmentUpon the acquisition of 99.99% shares of PT Nusantara Prospekindo Sukses, the Company developed The Oasis Apartment in Cikarang.