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Lippo Village

Lippo Karawaci, Tbk.
Property/Public (JSX : LPKR)
Founded Mochtar Riady (1990)
Headquarters Tangerang, Indonesia
Key people
Gouw Vi Ven, CEO
Revenue IncreaseRp 6,160 billion (2012)
IncreaseRp 1,060 billion (2012)
Number of employees
9,206 (2012)
Website www.lippokarawaci.co.id

Lippo Village is a planned community in Tangerang, 23 km west of Jakarta, Indonesia. The township is within Greater Jakarta area. Previously a swamp area, it opened in 1993 and is today a benchmark for Indonesia's other urban developments.This integrated development supports the "one-stop" living concept and combines residential condominiums, office space, education and healthcare facilities as well as commercial and entertainment areas in a strategic location and a green environment. Lippo Village has 120 km of internal roads and 250 km of drainage system networks. Population of the township is about 70,000 and over 200,000 visitors daily.

PT. Lippo Karawaci Tbk. was first established as PT. Tunggal Reksakencana in 1990, as a subsidiary of Lippo Group, to build the Lippo Village (then Lippo Karawaci) township in Tangerang. In addition to Lippo Karawaci, the Lippo Group has also developed the Lippo Cikarang township in Cikarang, east of Jakarta. Development of Millennium Village, which is termed as a global smart city is going on a 70 hectares land area at the CBD of Lippo Village. The project is being developed at an estimated cost of $15 billion.

Known for its clean environment and excellent infrastructure, Lippo Karawaci consists of three main residential areas and a commercial district. Supermal Karawaci (previously Lippo Supermal), located at the heart of the commercial district, was the largest shopping centre in west of Jakarta when it opened in 1996. Next to Supermal Karawaci, is the area of Benton Junction. This area of sidewalk restaurants, coffee shops, small boutiques and tree-lined streets has a feel reminiscent of a European Village. Across from Benton Junction is a large Times Bookstore, one of Indonesia's largest English-language bookstores.

Sekolah Pelita Harapan (SPH), Sekolah Dian Harapan (SDH) and University of Pelita Harapan (UPH), all part of Yayasan Pelita Harapan were founded (and are located) in Lippo Karawaci. The township also hosts Siloam Hospital (previously Siloam Gleneagles Hospital), a four star Imperial Aryaduta Hotel and a championship Imperial Golf Club.


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