PT Makmur Berkah Amanda Tbk
Indonesian diversified property developer listed on the IDX as AMAN, active in residential estates, industrial parks, logistics warehouses and hospitality.
Last updated September 27, 2026
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Overview
PT Makmur Berkah Amanda Tbk, trading on the Indonesia Stock Exchange under the ticker AMAN and operating under the umbrella name MBA Group, is an Indonesian diversified property developer established in 1996. The company began as a residential real estate developer; its first project, Citra Fajar Golf, was marketed in the same year it was founded and reportedly sold 90% of its residential units and land lots. Over more than two decades the business has evolved from a residential-focused developer into a group with interests spanning residential estates, industrial estates, logistics warehouses and hospitality. The pivotal shift came in 2006, when management identified an opportunity among small and medium-sized enterprises that needed properly serviced land and infrastructure. This led to the creation of the SAFE 'n' LOCK Eco Industrial Park in Sidoarjo, East Java. The park welcomed its first major factory construction in 2009, spanning over 25,000 square metres, and has since grown to host more than 450 tenanted buildings ranging from roughly 360 square metres to 50,000 square metres, serving both local and international investors. A logistics warehouse component under the SAFE 'n' LOCK banner followed in 2011, and a Halal Industrial Park (HIPS) was added in 2020. The group expanded into hospitality through its entity PT Makmur Berkah Amanda Hotel. In 2018 it appointed Marriott International to manage its first hotel in Ubud, Bali, establishing Element by Westin Bali, Ubud — described by the company as the first Element brand hotel to operate in Indonesia. A further hospitality project, Four Points Pontianak, is listed among the group's milestones for 2025. The company positions itself around trust, integrity, world-class products and a one-stop solution approach, and states that it integrates good corporate governance and sustainable development into its strategy. Its shares are publicly listed in Indonesia under the code AMAN.
History
PT Makmur Berkah Amanda Tbk was instituted in 1996 with a focus on real estate development. Its first residential project, Citra Fajar Golf, was marketed in the same year and achieved 90% sales of residential units and land lots, establishing the company's early reputation in residential development. In 2006, management identified an opportunity in the small and medium enterprise sector, which required proper areas and infrastructure to enhance their image and products. This led to the creation of the SAFE 'n' LOCK Eco Industrial Park in Sidoarjo, East Java, marking the group's pivot from purely residential projects toward industrial estates. In 2009, SAFE 'n' LOCK welcomed its first major factory construction, spanning over 25,000 square metres. Over the years the park grew to host more than 450 tenanted buildings ranging from 360 square metres to 50,000 square metres, attracting both local and international investors. The group continued to diversify. In 2011 it added a logistics warehouse component under the SAFE 'n' LOCK name. In 2018 it expanded into hospitality through its entity PT Makmur Berkah Amanda Hotel, appointing Marriott International to manage its first hotel in Ubud, Bali, and establishing Element by Westin Bali, Ubud — described as the first Element brand to operate in Indonesia. In 2020 the group added the Halal Industrial Park (HIPS), further broadening its industrial estate offering. A further hospitality milestone, Four Points Pontianak, is listed for 2025. Today the company operates as a diversified property developer under the MBA Group umbrella, with activities across residential estates, industrial parks, logistics warehouses and hospitality. It is listed on the Indonesia Stock Exchange under the ticker AMAN and states a vision centred on building trust with investors, delivering world-class products and one-stop solutions, and creating value for communities and the environment through good corporate governance and sustainable development.
- 2025
Four Points Pontianak listed as a hospitality milestone.
- 2020
Halal Industrial Park (HIPS) added to the industrial estate portfolio.
- 2018
Appointed Marriott International to manage first hotel in Ubud, Bali; established Element by Westin Bali, Ubud.
- 2011
Logistics warehouse added under the SAFE 'n' LOCK banner.
- 2009
SAFE 'n' LOCK welcomes its first major factory construction spanning over 25,000 m².
- 2006
SAFE 'n' LOCK Eco Industrial Park Sidoarjo created to serve SME infrastructure needs.
- 1996
PT Makmur Berkah Amanda Tbk instituted; Citra Fajar Golf residential project marketed with 90% of residential and land lot sold.
Products and positioning
A diversified Indonesian property developer offering integrated residential, industrial, logistics and hospitality solutions, built on trust, integrity and long-term value.
Citra Fajar Golf
SAFE 'n' LOCK Eco Industrial Park Sidoarjo
SAFE 'n' LOCK logistics warehouse
Halal Industrial Park (HIPS)
Element by Westin Bali, Ubud
Four Points Pontianak
Sources5 sources
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