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.
|Address:||Graha Atrium, Lt. 6, Jl Senen Raya No. 135|
|Phone:||62-21 - 386 7868|
|Fax:||62-21 - 537 2919|
|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|