AFP Properties Limited, an investment firm owned by Sinar Mas, which is based in Singapore, has changed its name to the Sinar Mas Land Limited. Sinar Mas Land to make it as early stage to become a leading property developer in Southeast Asia.

In Indonesia, Sinar Mas Land overshadow PT Bumi Serpong Damai Tbk and PT Duta Pertiwi Tbk. PT Duta Pertiwi Tbk has been listed on the Indonesia Stock Exchange since 1994 and in December 2010 officially became a subsidiary of PT Bumi Serpong Damai Tbk so that the current PT Bumi Serpong Damai Tbk listed as one of the company's property with the largest market capitalization on the Indonesia Stock Exchange.

Meanwhile, outside Indonesia, Sinarmas Land Limited (d / h AFP Properties Limited) is a property developer who is developing projects in China, Malaysia, and Singapore. Sinar Mas Land Limited now has investments in commercial buildings, hotels and resorts, as well as several other properties. Palm Resort in Malaysia, for example, has now become one of the prestigious projects of regional scale Land owned by Sinar Mas.

"Currently we are aggressively looking for investment property development locations outside Indonesia by cooperating with leading local developers in their respective countries," said Michael Widjaja, CEO of Sinar Mas Group's Land, in a press release here on Wednesday (29/06/2011) .

"For that, we have established business development division for the regional markets to explore investment opportunities in property outside of Indonesia. It is a testament to our seriousness in the property business development efforts at the international level," he added.