Since its establishment, PT Cowell Development Tbk has been on a journey of continuous development as a leading property developer.

1981 Company Establishment

The Company was established as PT Internusa Artacipta on March 25.

1984 Melati Mas Residence Development

The Company obtained its first housing project developing Melati Mas Residence (MMR) in Serpong.

2000 New Shareholders

PT Gama Nusapala became a shareholder of the Company with the ownership of 50% shares.

2004 Serpong Park Development

The Company developed Serpong Park, a modern residential complex in Serpong.

2005 Company Name Change

The Company changed its name from PT Internusa Artacipta to PT Cipta Karya Putra Indonesia in line with the ownership change.

2007 IPO and Company Name Change

The Company conducted an Initial Public Offering (IPO) and changed its name to PT Cowell Development Tbk.

2009 Borneo Paradiso Development

The Company developed Borneo Paradiso, a housing complex in Balikpapan.

2011 Westmark Apartment Development

PT Sandi Mitra Selaras, a subsidiary of the Company, worked on the development of Westmark Apartment, an apartment complex in the center of West Jakarta.

2012 The Acquisition of PT PAL

The Company acquired 99.98% ownership of PT Plaza Adika Lestari (PAL).

2013 Lexington Residence Apartment Development

Upon the acquisition of 99.99% share of PT Satria Heritage Permata Perkasa, the Company worked on the development of Lexington Residence Apartment in South Jakarta.

2014 The Oasis Apartment Development

Upon the acquisition of 99.99% shares of PT Nusantara Prospekindo Sukses, the Company developed The Oasis Apartment in Cikarang.