Since its establishment, PT Cowell Development Tbk has been on a journey of continuous development as a leading property developer.
The Company was established as PT Internusa Artacipta on March 25.
The Company obtained its first housing project developing Melati Mas Residence (MMR) in Serpong.
PT Gama Nusapala became a shareholder of the Company with the ownership of 50% shares.
The Company developed Serpong Park, a modern residential complex in Serpong.
The Company changed its name from PT Internusa Artacipta to PT Cipta Karya Putra Indonesia in line with the ownership change.
The Company conducted an Initial Public Offering (IPO) and changed its name to PT Cowell Development Tbk.
The Company developed Borneo Paradiso, a housing complex in Balikpapan.
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.
The Company acquired 99.98% ownership of PT Plaza Adika Lestari (PAL).
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.
Upon the acquisition of 99.99% shares of PT Nusantara Prospekindo Sukses, the Company developed The Oasis Apartment in Cikarang.