PALMOILMAGAZINE, JAKARTA — Malaysian conglomerate Genting Group has officially expanded its business footprint in Indonesia through its subsidiary PT Genting Properti Abadi (GPRA). The group — widely known for its ventures in hospitality, energy, and palm oil — has acquired 152 hectares of strategic land owned by PT Sentul City Tbk. (BKSL) in a transaction valued at IDR2.05 trillion.
The acquisition marks Genting’s entry into Indonesia’s rapidly growing property sector, signaling one of Asia’s largest conglomerates diversifying beyond its traditional industries. This move strengthens Genting’s presence in the ASEAN region, following its landmark developments such as Resorts World Genting (Malaysia), Resorts World Sentosa (Singapore), and Resorts World Las Vegas (United States).
Sentul City’s management confirmed the deal in a disclosure to the Indonesia Stock Exchange (IDX) on Monday (October 6, 2025). According to Sentul City Director Adi Svahruzad, the agreement was made between Genting Properti Abadi and Sentul City’s subsidiaries — PT Primatama Cahaya Sentosa (PCS) and PT Aftanesia Raya (AFTA). “The Sale and Purchase Deed will be signed by the end of 2025, marking the completion of the transaction,” Adi said, as quoted by Palmoilmagazine.com from Bisnis Indonesia on Friday (October 10, 2025).
The IDR2.05 trillion transaction, reached through mutual agreement without an independent appraisal, will be used to improve Sentul City’s liquidity, restructure its finances, and support business expansion.
From Palm Oil to Property: Genting’s Strategic Expansion
For Genting Group, this expansion represents a strategic move to diversify into Indonesia’s high-growth property sector — a natural extension of its long-standing partnership with Indonesia in the energy and plantation industries. Through Genting Plantations Berhad, the group manages over 250,000 hectares of oil palm plantations across Malaysia and Indonesia, making it one of the region’s largest agribusiness players.
Now, through Genting Properti Abadi, the group plans to develop an integrated commercial and lifestyle hub in Sentul, Bogor — an area known for its eco-friendly developments and growing appeal as a satellite city of Jakarta.
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The entry of Genting into Indonesia’s property landscape reflects not only foreign investment confidence but also a strategic convergence between Malaysian capital and Indonesian real estate assets. Property analysts note that Genting’s participation highlights the rising attractiveness of Indonesia’s real estate sector to regional investors. “When conglomerates like Genting enter a market, it signals long-term confidence — not just a business deal, but a regional strategy,” one Jakarta-based analyst remarked.
A Transformation Beyond Commodities
Founded by Tan Sri Lim Goh Tong in 1965 and now led by Tan Sri Lim Kok Thay, Genting Group has grown into one of Asia’s most influential conglomerates, spanning industries from palm oil plantations and renewable energy to luxury resorts. Through Genting Plantations Berhad, the group has also pioneered sustainable palm oil production practices in Sabah, Sarawak, and West Kalimantan.
With its IDR2.05 trillion Sentul acquisition, Genting signals a new chapter of transformation — from a plantation-based powerhouse to a global player in property, tourism, and lifestyle development. The move underscores a broader trend of major agribusiness groups diversifying into non-commodity sectors to strengthen financial resilience amid volatile global markets. (P2)
