In 1981, PT. Cowell Development Tbk. (the Company)
was established in Jakarta. PT. Cowell Development Tbk.
(the Company) is a company which engaged in housing
business and commercial building development. In 1984,
the Company carried out its first project, named Vila
Melati Mas (which is now well-known as Melati Mas
Residence).
In 2000, PT. Gama Nusapala, as one of the shareholders,
committed acquisition upon PT. Misori Utama and PT.
Indokisar Djaya thus caused management amendment.
In 2005, due to the management amendment, PT.
Internusa Artacipta received a new identity, namely PT.
Karya Cipta Putra Indonesia. Later, in 2007, an identity
changing reoccured, which was from PT. Karya Cipta
Putra Indonesia into PT. Cowell Development Tbk. which
is known until present.
PT. Cowell Development Tbk. has three main Residential
projects in Serpong, South Tangerang and one project in
Kalimantan, precisely in Balikpapan. The three projects
located in Serpong are Melati Mas Residence, Serpong
Park, and Serpong Terrace. While the project located
in Balikpapan is Borneo Paradiso. Beside the projects
mentioned above, the Company also has a project in
West Jakarta, through it’s subsidiary, namely Westmark
Apartment. This project is an apartment (High Rise
Building) project which is provided for upper middle
segment. The Company has acquired PT Plaza Adika
Lestari as a form of progress and development in the
business. The development of both property industry
areas and the aquisition has given optimism that PT.
Cowell Development Tbk will be able to take advantage
of the property growth momentum in 2013, to expand the
coverage in high rise and residential projects.