Corporate Milestones

1973

PT. Alfa Goldland Realty, a subsidiary of the Company that owns and manages part of Alam Sutera Township was founded and established by the The Ning King and family.

 

1978

PT. Alfa Goldland Realty successfully developed its first residential project, Taman Alfa Indah located in West Jakarta

 

1984

AGR was granted the development rights of Alam Sutera Township in Serpong.

 

1990

The Company was established, initially as PT. Adhihutama Manunggal.

 

1993

The Company commenced land acquisition activities in Pasar Kemis, Tangerang under the name of PT. Adhihutama Manunggal.

 

1994 - 2002

Acquired development rights for an additional land in Serpong.

 

2007

The Company changed its name from PT. Adhihutama Manunggal to its current name PT. Alam Sutera Realty and floated its shares to become a publicly listed company in the Indonesian Stock Exchange.

 

2010

"Pasar 8", a modern market complex and "T8" , a multi-purpose warehouse zone was officially opened. Multiple groundbreaking of Mall @Alam Sutera, Silkwood Residences Apartment, and Office Tower.

 

2011

The Company acquired 6 hectares of lanbank in Sanur, Bali and also commenced to market project in Pasar Kemis.

 

2012

We undertook a non-preemptive issuance of 1,786,310,000 new shares to PT Manunggal Prime Development at Rp440.0 per share, raising gross proceeds of Rp786.0 billion. We completed our US$150 million issuance of the 2017 Notes, which were rated "B2" by Moody's and "B" by S&P.We completed and opened to the public our Mall@Alam Sutera and the first office tower, named Synergy Building, in the Alam Sutera township.

We entered into agreements to acquire two properties in Jakarta CBD. We completed the acquisition of a 90.3% stake in the Garuda Wisnu Kencana Cultural Park, Bali.

We were placed amongst the Top Performing Listed Companies by Investor Daily Indonesia and the Top 50 Best Companies by Forbes Indonesia, and received the Capital Market award for the category of Best Share Issuer with Market Capitalization up to Rp10 trillion from the Indonesia Stock Exchange, the Top Ten Developers award from BCI Asia and the FIABCI Indonesia - BNI Prix d'Excellence Award for Outstanding Achievement Master Plan. We launched four residential clusters, Sutera Sitara (Mentari and Orlanda), Sutera Renata (Aruna) and Sutera Tiara, in the Alam Sutera township.

We launched two residential clusters, Puri Ayu and Mahoni, in the Suvarna Padi Golf Estate of the Suvarna Sutera township in Pasar Kemis.

 

2013

We entered into a master agreement with Modernland to acquire approximately 150 hectares of land located in Tangerang. As of September 30, 2013, we have acquired a total of approximately 44.4 hectares of land from Modernland under the master agreement.
We launched two residential clusters, the Sutera Palmyra and Sutera Victoria, in the Alam Sutera township. We completed our US$235 million issuance of the 2020 Notes, which were upgraded to "B1" by Moody's and rated "B+" by Fitch and "B" by S&P. We launched new residential properties in the Puri Ayu cluster and land lots in the Puri Agung cluster located in the Suvarna Padi Golf Estate of the Suvarna Sutera township.
We launched six new clusters, namely, Alam, Bayu, Citra, Dhana, Elysia, Fedora and Giri, in the Suvarna Jati "super cluster" of the Suvarna Sutera township.
We received the Top Ten Developers award from BCI Asia and the Platinum Brand Champion of Most Preferred Developer Brand from MarkPlus Inc. for developers with assets below Rp15 trillion, were placed amongst the Top Performing Listed Companies 2013 by Investor Magazine for companies with market capitalization above Rp10 trillion and were ranked first by Forbes Asia amongst region's top 200 small and mid-size companies.
We have completed the acquisition of Lot 12 and the WAM building (including the land on which the building stands and certain land adjacent to the building), which are located in the Jakarta CBD.