InfoSAWIT, JAKARTA – Malaysian conglomerate Genting Group has officially expanded its business into Indonesia through its subsidiary PT Genting Properti Abadi (GPRA). The group, widely known in the hospitality, energy, and palm oil plantation sectors, has acquired a strategic land area of 152 hectares belonging to PT Sentul City Tbk. (BKSL) with a transaction value reaching Rp 2.05 trillion.
Genting's move marks the entry of one of Asia's largest conglomerates into a property development project in the Greater Jakarta area (Jabodetabek), strengthening its overseas presence following the success of various major projects in Malaysia, Singapore, and the United States.
The transaction was confirmed directly by Sentul City management in an information disclosure to the Indonesia Stock Exchange (BEI) on Monday (6/10/2025). Sentul City Director, Adi Svahruzad, explained that the agreement was made between Genting Properti Abadi and two Sentul City subsidiaries, PT Primatama Cahaya Sentosa (PCS) and PT Aftanesia Raya (AFTA).
"The Deed of Sale and Purchase will be signed at the end of 2025, and with that, the transaction is declared complete," he said, quoted by InfoSAWIT from Bisnis on Friday (10/10/2025).
Adi added that the transaction value of Rp 2.05 trillion was the result of a mutual agreement without involving an independent appraiser. The funds from the land sale are reportedly earmarked to strengthen liquidity, improve the financial structure, and support Sentul City's business development.
Genting’s Strategic Move: From Palm Oil to Indonesian Property
For the Genting Group, this expansion is a strategic move to broaden its business portfolio in the Indonesian property sector—a country that has long been Malaysia's key partner in energy and plantations. Through its subsidiary Genting Plantations Berhad, the group is known as a major player in the palm oil industry in Malaysia and Indonesia, with a planted area exceeding 250,000 hectares across both countries.
Now, Genting is expanding its investment scope into the premium property sector. Through GPRA, Genting plans to develop an integrated commercial area in Sentul, Bogor, which is known as a buffer zone of the capital city with high economic growth prospects.
Genting's presence in Indonesia not only reflects business diversification but also marks a blend of Malaysian foreign capital and strategic domestic Indonesian assets. With a long track record of managing Resorts World Genting in Malaysia, Resorts World Sentosa in Singapore, and Resorts World Las Vegas in the United States, Genting is expected to bring global experience in developing world-class destination areas.
The Sentul area itself has long been known as a center for green-concept property development and family tourism. With the entry of the Genting Group, many predict that the area will develop into a new investment hub combining tourism, hospitality, and modern lifestyle.
Genting: From Palm Oil Estates to World Resorts
Founded by Tan Sri Lim Goh Tong in 1965 and now led by Tan Sri Lim Kok Thay, the Genting Group has grown into one of Asia's most influential conglomerates. Under the corporate umbrella of Genting Malaysia Berhad and Genting Plantations Berhad, the group has a business network spanning from palm oil plantations to world-class resorts.
Through this Rp 2.05 trillion land acquisition in Sentul, Genting is not only expanding its business but also affirming its transformation from a palm oil conglomerate into a global player in the real estate and tourism sectors. (T2)
