Success Story Ir. Ciputra Building a Property Business Empire Without Capital

By : Ahmad Fadli And Aldi Firhand. A | Saturday, December 02 2017 - 19:31 IWST

Ir. Ciputra Founder Ciputra Group
Ir. Ciputra Founder Ciputra Group

INDUSTRY.co.id - Jakarta - Who does not know the figure of Ir Ciputra, or commonly called Pak Ci? The figure behind the success of a large property group in the country. In a recent CEO Forum 2017 event, he recalled flashbacks when starting his property business.

The pioneer of real estate Indonesia is admitted to start his business without capital alias only rely on credit to the banks. Again and again Ciputra meet the Governor of DKI Jakarta Soemarno and offer the concept of real estate to build the city of Jakarta.

"I ask for credit to the Governor of DKI and I went many times then I borrow Rp7 billion," he said. Persistence Ciputra is to fruition by conjuring a swamp land into a recreation center known as the Ancol Dreamland Jaya.

In borrowing capital and attracting investors, Ciputra claims to offer honesty. The capital used to build a project will not be used for other projects.

"I dare to borrow money but I only use it for the project and I do not like to play left and right," he said.

According to the man with the real name of Tjie Tjin Hoan, integrity becomes one of the keys to successful entrepreneurship. Even the concept also applied to the entire board of directors and employees of Ciputra Group.

Until now Ciputra claims there is no board of directors or managers who do corruption of 130 property projects at home and abroad are working on his company.

"You have to work honestly, integrity is important to the entrepreneur, every word is a promise and a promise is a debt, until now there is no ranks of us corruption," he claims.

In addition to upholding integrity, Ciputra also implements a simple lifestyle. He promised not to use Mercedes as a private vehicle as long as Ciputra Group managers also use similar brands.

"I do not want to use Mercedes but wear Toyota, unless my manager use Mercedes yes I wear," he said.

As for a number of successful projects developed Ciputra among them housing Springhill Golf Residences, Royale Springhill Apartment, The Boutique Apartment and Office Park Kemayoran.

Then Kedoya Garden Housing, Wesling Apartment, Kembangan Baru Housing, Green Court Residences, CREA Resort Office Bali, Serpong Area, Bintaro, Pondok Indah, Taman Impian Jaya Ancol, Ciputra World II and many other malls.

Meanwhile, Ciputra Group is also developing the Ciputra Hanoi International City project and other international projects such as Grang Shenyang International City in China and Grand Phnom Penh International City in Cambodia.

News Comment

Today's Industry

President Jokowi inaugurates 17 Indonesian Ambassadors Extraordinary and Plenipotentiary at the State Palace in Jakarta (25/10/2021). (Source: YouTube Channel of Presidential Secretariat)

Senin, 25 Oktober 2021 - 20:40 WIB

President Jokowi Inaugurates 17 New Ambassadors

President Joko “Jokowi” Widodo Monday (25/10/2021) at the State Palace, Jakarta, inaugurated 17 Ambassadors Extraordinary and Plenipotentiary (LBBP) of the Republic of Indonesia to Friendly…

President Jokowi receives Letters of Credence from four new Ambassadors of friendly countries, at the Merdeka Palace, Jakarta Province, in September. (Photo by: Presidential Secretariat/Lukas)

Senin, 25 Oktober 2021 - 18:50 WIB

President Jokowi Receives Letters of Credence from Nine New Ambassadors

President Joko “Jokowi” Widodo, on Monday (25/10), received Letters of Credence from nine new Ambassadors Extraordinary and Plenipotentiary (LBPP) of Friendly Countries to the Republic of…

Widodo Sucipto, President Director of PT Hydrotech Metal Indonesia.

Selasa, 19 Oktober 2021 - 15:47 WIB

Hydrotech Metal are Getting Closer to Canada Securities Exchange

PT Hydrotech Metal Indonesia are getting closer to Canada Securities Exchange, after the signing of Share Exchange Agreement with a Canadian company recently. The signing was done virtually…

Vice President Ma’ruf Amin and his spouse Ibu Wury head to Ambon for a working visit, Wednesday (13/10). (Photo by: Vice Presidential Secretariat)

Jumat, 15 Oktober 2021 - 22:10 WIB

VP Ma’ruf Amin to Close 20th PON in Papua

Vice President Ma’ruf Amin, on Friday (15/10), is scheduled to close the 20th National Sports Week (PON) in Papua at the Lukas Enembe Stadium, Jayapura regency. The Vice President, his spouse…

President Joko Widodo and Cabinet Secretary Pramono Anung at Kompas Bajo, Puncak Waringin, Thursday (14/10) afternoon. (Photo by: BPMI/Laily Rachev)

Jumat, 15 Oktober 2021 - 21:32 WIB

President Jokowi Visits Kompas Bajo Creative Hub

Ending his working visit in East Nusa Tenggara Province, President Joko “Jokowi” Widodo and First Lady Ibu Iriana on Thursday (14/10) afternoon took a walk to Kompas Bajo which is located…