Aggressive, sustainable growth drives business prospects

Indonesia and Lippo Cikarang reflect one another beyond sharing an upbeat outlook. A rich history and an aggressive growth strategy complement a vision to which their citizens and residents aspire: a better quality of life.

"Our greatest contribution to Cikarang and Indonesia in general is the creation of an environment conducive for comfortable, better-quality living," says Lippo Cikarang president and CEO Meow Chong Loh.

This commitment traces back to 1995 when the company started its property development business with high ideals of building a comprehensive township and becoming Indonesia's premier industry, commercial and residential-based urban development.

As part of the reputable and widely diversified Lippo Group, whose core businesses include property and retail, Lippo Cikarang listed on the Indonesia Stock Exchange in 1997. Drawing from the group's in-depth know-how of the country's residential and commercial property landscape, comprehensive experience and far-reaching network, Lippo Cikarang land developed into one of the region's biggest economic drivers.

Fuelled further by the continued influx of foreign investments and the rising Indonesian middle class, the company saw its stock price rise from 376 rupiah (HK$0.25) to more than 8,000 rupiah per share in the past six years alone.

"We are proud to say that this growth was not based on speculation, but was achieved through the company's rapid transformation - which raised our value," Loh says. "The strong share price demonstrates how Lippo Cikarang has grown into an industrial township with the most complete infrastructure in place."