Cowell Development Tbk, PT


The Company was incorporated in Jakarta in 1981 aimed engaging itself in the business of developing housing and commercial building areas. In 1984, the Company began developing Melati Mas Residence (formerly Villa Melati Mas).

In 2000, company's shareholder, PT. Gama Nusapala bought company's ownership from PT. Misori Utama and PT. Indokisar Djaya. This changed ownership was also folowed by the same change to the company's management. And as the company Management changes, In 2005, the company changed its name from PT. Internusa Artacipta into PT. Karya Cipta Putra Indonesia.

With the rapid development of Melati Mas Residence, in 2004, the company began a new housing complex called Serpong Park. Through this project, the company attempts to get into a different market segment by selling houses at a more affordable price than that of Melati Mas Rsidence.

The successful development of this housing complex is evident from the fact than now 5,000 families are occupying both complexes and also that now more commercial areas, such as shopping malls, shop house, and family sport clubs, are already built in the area.

The housing complexes that the company develops are situated amidst the other large housing complexes such as Alam Sutra, Gading Serpong, and Bumi Serpong Damai (BSD) where public facilities like international schools, shopping malls, and entertaiment centers are abudant in the area.

To be specific, Melati Mas Residence and Serpong Park are located in the west part of Jakarta, along Serpong, Tangerang, to be exact, with two accesses to toll roads, namely:

- About 6 Km of the exit off Tomang - Tangerang Toll Road

- About 5 km of the exit off Pondok Indah - Serpong Tangerang Toll Road

The Housing complexes are strategically located and the access to several toll roads gives Melati Mas Residence and Serpong Park another competitive advantage. The housing complexes that the Company develops are located in the rural area with a good prospect as a business establishment and as a resindece at the same time given that the land's price in that area is still much cheaper than in Jakarta.

In developing housing complexe, the company always abides by the relevant Goverment's regulations which require that every housing complex be equipped with public and social facilities for its residents. such as prayinh houses, schools, parks, and lakes. With this, the company Hopes that the resindece can live comfortably and safety in every housing complex it develops.



Security: COWL
Address: Graha Atrium, Lt. 6, Jl Senen Raya No. 135
Phone: 62-21 - 386 7868
Fax: 62-21 - 537 2919
Website: Major Industry: Financial
Exchanges: JAK Sub Industry: Land And Real Estate
Currency: Indonesian Rupiahs Employees: 0
Fiscal Yr Ends: December Market Cap: 1,266,515,645,460 (IDR)
Share Type: Ordinary Share Outstanding: 4,871,214,021
Country INDONESIA Closely Held Shares: 0
Established 25th Mar 1981 Listing: 19th Dec 2007
Closing Price: 260 (IDR) Data As Of: 25th Apr 2019