WIKA Realty History

About Us

WIKA Realty Overview

Established in 2000 as one of PT Wijaya Karya (Persero) Tbk business unit, PT Wijaya Karya Realty (“WIKA Realty”) has been consistently delivered its reputation in property and realty development. Over the years, WIKA Realty has spanned its businesses to include property management service in its portfolio. Using eco-friendly concept design as its focus and adopting local wisdom through Tamansari brand, WIKA Realty developed various products in many top tier cities in Indonesia. Ranging from landed residential, apartment, condotel, and office building, WIKA Realty is now expanding into township development, TOD concept based property and retail investment for recurring revenue. Following the decision by the Ministry of State-Owned Enterprise in 2019, WIKA Realty evolved the business into State-Owned Hospitality Enterprise Holding Company that leads to PT Aero Wisata and PT Hotel Indonesia Natour became WIKA Realty shareholders as well as newly added portfolio of 21 hotels and 1 hotel operator SPV, allowing WIKA Realty continuously brings the spirit of local wisdom concept through its recently launched hotel brands Meru (5*), Truntum (4*), and KHAS (3*).

Growth of WIKA Realty

In 2001, WIKA Realty diversified its business. Previously focusing on a developer, the company conducts its business in three areas: realty development, property management, and construction services. To support property businesses, particularly building management, PT Wijaya Karya handed over various WIKA’s fixed assets, such as Office Towers and Industrial Estates, to be managed by WIKA Realty. The property unit currently also manages non-WIKA assets and is beginning to manage Apartments. The construction services unit was founded to fulfill an opportunity in this business. The resources needed are available, and the construction is focused on realty-related projects such as Malls, Trade Centers, Office Buildings, and Housing Flats. The Realty unit is developing landed housings, and also has started vertical housings or high-rise buildings.