Indonesian conglomerates see tech hubs reshaping real estate

Sinar Mas group, Lippo racing to lure businesses to industrial towns

0509N_Apple Indonesia

The site of Apple's planned R&D center in BSD City, outside Jakarta.

JUN SUZUKI and WATARU SUZUKI, Nikkei staff writers

JAKARTA -- Courting the information technology sector with fresh urban development is fast becoming big business for Indonesia's largest conglomerates as startups and foreign companies alike take aim at this country's expanding internet user base.

American tech titan Apple is building its first Indonesian research and development center in BSD City, Sinar Mas Land CEO Michael Widjaja said, referring to a community outside Jakarta developed by Sinar Mas group unit Bumi Serpong Damai. The facility may open as soon as October.

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