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Sinar Mas Land is an Indonesian real estate development company, which is a subsidiary of Sinar Mas Group. It combines two big developers, Bumi Serpong Damai and Duta Pertiwi. It formed in 1988 under the flag of Duta Pertiwi.
Michael Widjaja is the CEO Sinar Mas Land Group as well as Vice President Director of PT Bumi Serpong Damai Tbk (BSDE). [1] [2] Before this, Widjaja worked for: EuroRev Inc, Los Angeles, 2003, PT Arara Abadi, Indonesia, 2003, Top Tier Trading, Los Angeles, 2005, Vice President Director of PT Duta Pertiwi Tbk, 2007- 2015, Vice President Commissioner of PT Dian Swastika Sentosa Tbk, 2009 - 2011 ...
Together with Kompas Gramedia Group, Sinar Mas Land has built ICE on 22 hectares of land in Bumi Serpong Damai, which is the largest convention and exhibition centre in Indonesia. [30] The ICE, started in 2012 and completed in 2016, equipped with 10 exhibition halls, a convention center, and a 300-room hotel on site.
Due to this, Bumi Serpong Damai changed ownership to Sinar Mas Land around 2003–2004. To change its brand image, Sinar Mas eventually changed the name of the township into its initials, becoming BSD City, and built new residential clusters with new names (De Latinos, The Icon, Sevilla, Foresta, etc.) to market it better.
[2] In December 1976, Indah Kiat was formed as a joint venture between CV Berkat (an Indonesian company), Chung Hwa Pulp Corporation, and Yuen Foong Yu Paper Manufacturing Company. Sinar Mas acquired 67 per cent of the venture's total shares. [3] Tjiwi Kimia was listed on the Jakarta and Surabaya Stock Exchanges beginning in 1990.
In 1996, the bank opened a branch office in Surabaya. In April 2005, PT Sinar Mas Multiartha Tbk and PT Shinta Utama officially became the majority shareholders of this bank which at that time had an asset of IDR 436 billion. [4] By the end of 2006, the bank had changed its name to what it is today and its assets had reached Rp 2 trillion. [5]
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Dhony Rahajoe (born 8 September 1966) is an Indonesian architect and a former real estate developer executive who is the Deputy Head of Nusantara Capital City Authority since 10 March 2022. [1] He previously served as managing director, President Office of Sinar Mas Land, a pillar of Sinar Mas Group. [2]