Lippo Karawaci

Lippo Karawaci or Lippo Village is a multiracial community in Tangerang, 23 km west of Jakarta, Indonesia. The township is within the Jakarta metropolitan area. Previously a swamp area, it opened in 1993 and is today a benchmark for Indonesia's other urban developments. This integrated development supports the "one-stop" living concept and combines residential condominiums, office space, education and healthcare facilities as well as commercial and entertainment areas in a strategic location and a green environment. Lippo Village has 120 km of internal roads and 250 km of drainage system networks. Population of the township is about 70,000 with over 200,000 visitors daily.[2]

Lippo Village
General information
LocationTangerang and Tangerang Regency, Banten, Indonesia
StatusCompleted
CategoryPlanned city
Construction
Constructed1996–present
AuthorityGovernment of Tangerang
Government of Tangerang Regency
Government of Banten
Other information
Governing
body		PT Lippo Karawaci Tbk
PT Lippo Karawaci Tbk
TypePublic
IDX: LPKR
FoundedMochtar Riady (1990)
HeadquartersTangerang, Indonesia
Key people
Gouw Vi Ven, CEO
ProductsProperty
RevenueIncrease Rp 6,160 billion (2012)[1]
Increase Rp 1,060 billion (2012)[1]
Number of employees
10,000+ (2017)[1]
Websitewww.lippokarawaci.co.id (corporate)
www.lippovillage.com/Home (Lippo Village)

History

PT. Lippo Karawaci Tbk. was first established as PT. Tunggal Reksakencana in 1990, as a subsidiary of Lippo Group, to build the Lippo Village (then Lippo Karawaci) township in Tangerang. Lippo Village has a CBD area of about 132 hectares and Millennium Village is part of that development. Development of Millennium Village, which is termed as a global smart city is going on in a 70 hectares land area at the CBD of Lippo Village. The project is being developed at an estimated cost of $15 billion.[3]

Infrastructure

Known for its clean environment and excellent infrastructure, Lippo Karawaci consists of three main residential areas and a commercial district. Supermal Karawaci (previously Lippo Supermal), located at the heart of the commercial district, was the largest shopping centre in west of Jakarta when it opened in 1996. Next to Supermal Karawaci, is the area of Benton Junction. This area of sidewalk restaurants, coffee shops, small boutiques and tree-lined streets has a feel reminiscent of a European Village. Across from Benton Junction is a large, two-storey Books & Beyond (previously Times Bookstore), one of Indonesia's largest English-language bookstores.

Sekolah Pelita Harapan (SPH), Sekolah Dian Harapan (SDH) and University of Pelita Harapan (UPH), all part of Yayasan Pelita Harapan were founded (and are located) in Lippo Karawaci. The township also hosts Siloam Hospital (previously Siloam Gleneagles Hospital), a four star Imperial Aryaduta Hotel and a championship Imperial Golf Club.

The apartment complex Amartapura, which is located in the township, consists of a 50 story and 40 story tower. Most Lippo companies are headquartered in Lippo Karawaci including AIG Life, Matahari Department Store and Supermarket, Multipolar Corporation, Lippo Bank, Kabelvision and Lippo General Insurance. Lippo Village has 3 business park, known as Lippo Cyber Park (Ruko Gajah Mada), Karawaci Office Park (Ruko Pinangsia) and The Excellis. There are 3 clusters of shop houses in the township, Lippo Village Central, West and North.

The area is also home to many businesses run by Korean expatriates in Indonesia.[4] The temporary Jakarta Street Circuit in Karawaci was confirmed to host the fifth round of the 2008-09 A1 Grand Prix season, set for the weekend of 8 February 2009 to showcase the village and the surrounding businesses. The track is designed by Hermann Tilke. However, the race failed to materialise, and since then parts of the race track and pit stop has been converted into University of Pelita Harapan’s parking lot and faculty building.[5]

Transportation

The township itself has a direct highway exit to Jakarta-Tangerang Toll Road. Within the Lippo Village area, there are shuttle bus services. The township authority also provide external shuttle bus and helicopter services to many areas in Jakarta and surrounding areas. TransJakarta has feeder services to the township from Jakarta.

References
  1. "Annual Report 2012" (PDF). PT Lippo Karawaci Tbk. Archived from the original (PDF) on 21 February 2014. Retrieved 11 February 2014.
  2. "Lippo Village".
  3. "Lippo Karawaci Breaks Ground on Rp 200t 'Millennium Village' Project".
  4. Nurbianto, Bambang. "Koreans made to feel at home in their village in Karawaci". The Jakarta Post. Archived from the original on April 29, 2007. Retrieved 2007-05-14.
  5. "Indonesia circuit revealed". a1gp.com. 2008-11-16. Retrieved 2008-11-16.

Further reading
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