History (Bumi Serpong Damai)

The property market in Indonesia started gaining momentum in late 1980s with surge of projects and customers lining up to have affordable houses with upscale facilities.

Duta Pertiwi has only started building residences in 1988, but soon after, the young company boosted the industry with projects like apartments, shopping centers, office buildings, even township and industrial estates with level of creativity and innovation that was unheard before.

PT Bumi Serpong Damai Tbk-hereinafter called the Company-has been at the forefront of township developer since 1984. As a business group under Sinar Mas Land, the Company’s flagship project in Indonesia, the BSD City, is widely recognized as the nation’s most ambitious urban planning scheme, combining housing, business and commercial properties.

The Company has established its position amongst the leading developers in the region, offering unique concepts and the upmost quality. The Company’s footprint now extends across the country with projects throughout key cities in Indonesia.

To deliver a unique living experience, the Company builds high-quality residential, leisure and commercial developments. It is committed to offer top quality excellence for the entire consumer segments, in property design, materials, as well as location. The Company also ensures that the customer journey of property acquisition from the initial prospecting to the handover of keys is worth their time and investment.

The Company went public in 2008, listing its stocks in the Indonesia Stock Exchange (Stock Code: BSDE). In 2010 it announced its first right issue to acquire PT Duta Pertiwi Tbk (Stock Code: DUTI), PT Sinar Mas Teladan and PT Sinar Mas Wisesa.

  • 1984

    Established on January 16th, 1984 by the Founding Shareholders.

  • 1992

    Damai Indah Golf started operation.

  • 2003

    Toll Road Jakarta–Serpong started operation.

  • 2006

    Ocean Park started operation.

  • 2008

    Initial Public Offering in Indonesia Stock Exchange.

  • 2010

    Jakarta Outer Ring Road (JORR) Section W-1 started operation.

  • 2013

    ITC BSD started operation.

  • 2015

    Grand Opening of AEON Mall.

  • 2016

    Grand Opening of QBig BSD City.

  • 2017

    Acquired over the strata title units with total area of 36,874.49 m2 , which are part of the property units in Sinar Mas MSIG Tower, located on several
    floors: Floor 18 to Floor 33, Floor 34 (Refugee Floor) and up to Level 39 and Level 47.

    Acquired over the strata title units with total area of 35,989.44 m2, which are part of the property units in SinarMas MSIG Tower, located on several floors: basement to Floor 17 (Refugee Floor) and Floor 40 to Floor 46.

  • 2018

    Issuance of the Senior Notes 2021 amounting to US$300 million
    Acquired 13th floor of Bakrie Tower, office area in the area of Rasuna Epicentrum (CBD area).

    Repayment of the Shelf Registered BSDE Bond Phase I of the Year 2013 amounting to IDR1.75 trillion.

    Buyback 257,970,700 shares.

  • 2019

    Repayment of the Shelf Registered BSDE Bond Phase I of the Year 2012 Coupon C amounting to IDR436 billion.

    Repayment of 2020 Senior Notes amounting to US$78,58 million
    Market Capitalization as of December 31st, 2019 reached IDR24.15 trillion.

  • 1984

    Established on January 16th, 1984 by the Founding Shareholders.

  • 1992

    Damai Indah Golf started operation.

  • 2003

    Toll Road Jakarta–Serpong started operation.

  • 2006

    Ocean Park started operation.

  • 2008

    Initial Public Offering in Indonesia Stock Exchange.

  • 2010

    Jakarta Outer Ring Road (JORR) Section W-1 started operation.

  • 2013

    ITC BSD started operation.

  • 2015

    Grand Opening of AEON Mall.

  • 2016

    Grand Opening of QBig BSD City.

  • 2017

    Acquired over the strata title units with total area of 36,874.49 m2 , which are part of the property units in Sinar Mas MSIG Tower, located on several
    floors: Floor 18 to Floor 33, Floor 34 (Refugee Floor) and up to Level 39 and Level 47.

    Acquired over the strata title units with total area of 35,989.44 m2, which are part of the property units in SinarMas MSIG Tower, located on several floors: basement to Floor 17 (Refugee Floor) and Floor 40 to Floor 46.

  • 2018

    Issuance of the Senior Notes 2021 amounting to US$300 million
    Acquired 13th floor of Bakrie Tower, office area in the area of Rasuna Epicentrum (CBD area).

    Repayment of the Shelf Registered BSDE Bond Phase I of the Year 2013 amounting to IDR1.75 trillion.

    Buyback 257,970,700 shares.

  • 2019

    Repayment of the Shelf Registered BSDE Bond Phase I of the Year 2012 Coupon C amounting to IDR436 billion.

    Repayment of 2020 Senior Notes amounting to US$78,58 million
    Market Capitalization as of December 31st, 2019 reached IDR24.15 trillion.