PT Alam Sutera Realty Tbk Reports Earnings Results for the First quarter Ended March 31, 2021

PT Alam Sutera Realty Tbk is an Indonesia-based property developer. The Company’s business activities include the construction and management of residential, commercial and industrial areas, as well as integrated management of shopping centers, recreation areas and hotels. The Company has approximately 37 housing clusters with around 150-300 housing units in each cluster, three apartments, namely Paddington Heights, Silkwood, EleVee Penthouses & Residenses and one low-rise apartment, namely Lloyd. The Company’s area also offers schools, entertainment centers, health facilities and shopping centers. It has also launched Suvarna Sutera township, located in Tangerang, which has a development license of approximately 2600 hectors (ha). Suvarna Sutera has developed five super clusters, namely the Suvarna Padi, Suvarna Jati, Suvarna Padma, Suvarna Sari, and Suvarna Respati. In addition, the Company has also built the Garuda Wisnu Kencana (GWK) statue.