Agung Podomoro Continues to Aggressively Promote Property Investment with Property Investment Festival

August 9, 2023

Jakarta, August 9, 2023 – Agung Podomoro, a leading and trusted property developer in Indonesia, continues to lead the market, particularly in encouraging the public to invest in properties. The company recognizes that the property sector is a key driver of the Indonesian economy and has been organizing the Agung Podomoro Property Investment Festival continuously, showcasing a diverse range of top-quality products that cater to market needs.

Agung Wirajaya, Corporate Marketing Director of PT Agung Podomoro Land Tbk., explained that as a catalyst in the domestic property industry, the company has a strong commitment to driving the industry, providing a strong perspective to the wider public on property investments, and assisting the public in choosing their homes.

"Agung Podomoro is aware that the property sector is always at the forefront of the Indonesian economy, which is why the company is consistently aggressive and agile in responding to market conditions. Moreover, Indonesia's economy in the second quarter of 2023 continued to grow, potentially creating a significant demand for properties. Therefore, we play an active role in supporting the sustainability of economic recovery through the Property Investment Festival," Agung explained in his official statement in Jakarta (08/09).

Based on data from the Central Statistics Agency (BPS), the Indonesian economy experienced an acceleration in growth in the second quarter of 2023, reaching 5.17% year on year, higher than the first quarter of 2023, which was 5.04%.

Agung Podomoro observes that maintaining economic growth and benchmark interest rates provides positive sentiment to the national property sector, attracting interest from both investors and end-users to own properties. "We are optimistic that this property investment festival will provide an experience, especially for people's preferences in property investment, and make it easier for people to access Agung Podomoro's property products, both on Java and outside Java," Agung stated.

The Agung Podomoro Property Investment Festival will be held from August 15 to 27, 2023, at Senayan City Mall. It will feature a variety of the company's best and latest property products developed in several regions of Indonesia.

"We invite all Indonesians to attend the exhibition with the theme “Agung Podomoro Melaju, Wujudkan Indonesia Maju” in line with this year's celebration of the 78th anniversary of the Republic of Indonesia's Independence. This theme represents the commitment of a company with over 53 years of experience in building superior property products and setting benchmarks in the market, creating innovations and new breakthroughs that have a positive impact on the surrounding environment and even nationally," Agung added.

The Agung Podomoro Property Investment Festival offers many options to make it easier for consumers to access the company's prestigious projects, such as Kota Podomoro Tenjo, Bukit Podomoro Jakarta, Podomoro Golf View Cimanggis, Podomoro Park Bandung, and Podomoro City Deli Medan. Recently, Agung Podomoro launched the Parkland Podomoro Karawang project, which is located in the Eastern Jakarta corridor.

In addition to making it easier for people to find quality housing, the Agung Podomoro Property Investment Festival is expected to help the government address the backlog of 12.75 million homes and stimulate the property sector as a motor for national economic growth. This sector can drive 176 other related sectors and contribute around 14-16% to Indonesia's Gross Domestic Product (GDP).

During the event, Agung Podomoro will provide online booking services and live streams to facilitate consumers interested in owning the company's prestigious properties. Additionally, Agung Podomoro will introduce the latest product from Parkland Podomoro Karawang.