Indonesia’s Pioneering Commercial and Hospitality Spaces Gain Recognition

This prestigious event recognized the pioneers of innovative commercial and hospitality spaces

The 9th PropertyGuru Indonesia Property Awards was a showcase of excellence in the Indonesian real estate industry. This prestigious event recognized the pioneers of innovative commercial and hospitality spaces, honoring those who have redefined the landscape of property development in the country. The following esteemed developers and projects emerged as notable winners:

As the PropertyGuru Indonesia Property Awards approach a decade of celebrating Indonesian achievements, it’s impressive to see the dedication of this year’s award winners to environmental sustainability, technological innovation, community enrichment, and excellence.

Jules Kay, General Manager of PropertyGuru Asia Property Awards and Events

Best Commercial Developer: Paramount Land

Paramount Land‘s rise as a top commercial developer is remarkable. Their commitment to creating high-quality living spaces, like the Pasadena Grand Residences and Paramount Petals, has earned them numerous accolades, solidifying their status as the Best Commercial Developer.

Paramount Land, the property division of PT Paramount Enterprise International, stands as a leading private property and lifestyle company in Indonesia. Their areas of expertise encompass township development, integrated mixed-use projects, real estate, and warehousing. Notably, their first township project, Gading Serpong, situated just outside Jakarta, has flourished into a self-sustained urban community, boasting natural beauty and state-of-the-art facilities, drawing over 53,000 residents. Beyond Gading Serpong, Paramount Land is actively developing Paramount Village in Central Java, Paramount Hills in North Sulawesi, and planning new townships in strategic locations, such as Bogor and Tangerang, to address Indonesia’s housing needs.

“Renowned for creating the highly successful Banten township of Gading Serpong, Paramount Land demonstrates an impressive appreciation of commercial value. Developments encompass strategic potential and lifestyle possibility that color in the details of the modern wants and needs of communities and businesses in expanding urban areas,” shared the judges.

Best Hospitality Developer: Agung Sedayu Group

Agung Sedayu Group, a Jakarta-based property developer established in 1971, specializes in comprehensive living and business solutions. Their diverse portfolio spans developments in Jakarta, Bogor, Depok, Tangerang, and Bekasi, including townships, office towers, malls, industrial estates, hotels, and more.

The group started as a small shophouse contractor. Over the years, their unwavering commitment to quality and efficiency led to the development of notable projects, including Harco Mangga Dua, Jakarta’s first integrated IT mall.

Their resilience and adaptability allowed them to navigate the challenges of the Asian monetary crisis, positioning them as a leading player in the Indonesian property scene. Their innovative endeavors, exemplified by projects like Kelapa Gading Square, showcase their capability to evolve and cater to a burgeoning market.

Today, the group’s rich portfolio boasts prestigious brands and collaborations in the hospitality industry, such as Harris Suites, Oakwood Apartments PIK Jakarta, Swissôtel Jakarta PIK Avenue, The Langham Jakarta, Hilton Garden Inn, among others.

“Under its subsidiary, Amantara, Agung Sedayu Group translates visions of hospitality wonderlands into resort realities, commented the judges. “Destination concepts are curated with creativity, such as linking seaside sanctuaries with lifestyle hubs. Confidence in this market is demonstrated by partnerships that bring International brands to Indonesia.”

Best Green Development: Central Market PIK

Central Market PIK, by Agung Sedayu Group and Salim Group, curated by Amantara, is a groundbreaking retail space that has achieved the EDGE Advanced Preliminary Green Building Certification from the International Finance Corporation – World Bank Group and Green Building Council Indonesia.

Central Market PIK addresses the rising demand for open recreational spaces. This innovative establishment promotes a sense of belonging among individuals and communities while emphasizing quality living. Its biophilic design harmoniously blends architecture with the environment, ensuring natural lighting, efficient circulation, and optimal comfort for visitors.

Best Breakthrough Industrial Estate Development: Grand Batang City

Grand Batang City, by PT Kawasan Industri Terpadu Batang is an industrial estate located in Batang, Central Java. This massive 4,300-hectare development is divided into three clusters and is poised to become the most competitive industrial estate in Southeast Asia.

The project focuses on creating an integrated, intelligent, and sustainable industrial ecosystem that supports creation, innovation, and a livable environment. It is strategically located to become an economic corridor of Java, especially in Central Java, with five main infrastructure networks and smart city principles that enhance performance and value.

Grand Batang City also features distinct landscape designs, with plant selections tailored to each area’s purpose — from vibrant plants in residential sectors to pollution-absorbing greenery in industrial zones. The inclusion of community parks, garden lakes, and an eco-adventure park further enhances its appeal and the quality of life it offers.

Best High Rise Office Development: Rajawali Place

Rajawali Place, developed by PT. Permadani Khatulistiwa Nusantara, a member of the Rajawali Property Group, is a prestigious 31-story commercial office building. Situated in the heart of Jakarta’s Golden Triangle, Rajwali Palace is part of a mixed-use super-block development. Renowned global firms, including Gensler UK and Meinhardt Group, have led its construction, architecture, and design. The building incorporates features that minimize solar gain and maximize natural lighting, ensuring an ideal working environment. Furthermore, it offers flexible floor layouts, top-notch amenities, and holds the BCA Greenmark Platinum certification, underscoring its commitment to environmentally sustainable design and operation.

Best Smart Building Development: Knowledge Hub

As the need for technology-related office space increases, Sinar Mas Land is building its first building in the Digital Hub BSD City area called Knowledge Hub. This innovative space is designed to foster a tech-savvy lifestyle for business entrepreneurs, digital start-ups, and corporate teams. It offers a wealth of indoor features that support collaboration and includes various amenities such as F&B shops and coworking spaces. Knowledge Hub aims to facilitate the growth of the technology industry in Indonesia while preserving the quality of the environment.

Best Hotel / Resort Development: St. Regis Hotel Jakarta

St. Regis Jakarta, another award-winning property by PT. Permadani Khatulistiwa Nusantara, member of Rajawali Property Group, is a luxurious 5-star hotel located within Jakarta’s Golden Triangle. It captures the essence of Indonesia, celebrating the country’s cultural achievements. The hotel provides an array of amenities, including a spa, fitness center, outdoor pool, multiple restaurants, and bars. It also boasts a rich collection of Indonesian art, showcasing the country’s talent and cultural heritage.

According to the judges, “St. Regis Hotel Jakarta by PT. Permadani Khatulistiwa Nusantara lives up to its brand reputation for promising a guest-centric luxurious experience. The contrast between the expansive urban landscape and retreat touchpoints is beautifully accomplished with a standout spa, six restaurants, a Sky Palace of amenities, and sanctuary-style spaces delivering high-end services.”

Best Retail Development: Living World Denpasar

Developed by Kawan Lama Group, Living World Denpasar in Bali is a standout addition to the retail landscape. It uniquely marries environmental consciousness with Bali’s vibrant culture, art, and nature. The mall boasts eco-friendly architecture, a scenic amphitheater stage, and a riverside Festival Walk that promotes communal activities and celebrates nature. Inside, visitors are treated to design elements that echo traditional Balinese motifs, offering an immersive cultural experience.

These accolades highlight the dynamism and innovation within Indonesia’s property sector, cementing its position as a trailblazer in global real estate advancements.

“As the PropertyGuru Indonesia Property Awards approach a decade of celebrating Indonesian achievements, it’s impressive to see the dedication of this year’s award winners to environmental sustainability, technological innovation, community enrichment, and excellence,” said Jules Kay, general manager of PropertyGuru Asia Property Awards and Events.

“The archipelago’s best developers create residential and commercial properties that combine modern concepts and fine design with lifestyle and natural elements to enhance the living experience of Indonesians and international buyers in one of Southeast Asia’s fastest-growing economies. We look forward to supporting the Indonesian real estate industry as it sets new benchmarks for development and design in the years to come,” he concluded.

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