Hostory

Agung Sedayu Group began from humble beginnings as a small shophouse contractor in 1971. Over the next decade, the company grew through word of mouth and rigorous discipline, broadening its client base and reach.

In 1991, the Group rose to prominence with the completion of Harco Mangga Dua, the first integrated IT mall in Jakarta. More mega-residential and commercial complexes followed this success, such as the 200-hectare Taman Palem and the high-rise Apartments. The quality and efficiency of the company’s building processes, coupled with careful risk-management, allowed the Group to weather the Asian monetary crisis in good condition. Unlike many other property developers, the Group was able to stay afloat through rigorous discipline and internal financing.

Following the post-crisis shakeout which eliminated a number of developers, the company was ideally positioned to fulfill the torrent of demand for commercial space as well as resedential needs. The Group has since taken initiative to create a number of new projects including such revolutionary projects such as Kelapa Gading Square, a one stop living concept which has become one of the premier places to live for Jakarta’s elite.