Property World Grieves, Alam Sutera Owner The Ning King Passes Away
Jakarta – The Indonesian property sectorโ is mourning the loss ofโ The Ning King, founder of the Argo Manunggal Group and principal shareholder of PT Alam Sutera Realty Tbk, who passed away โSunday, November 2, 2025. The news wasโ announced by PT Alam Sutera Realty Tbk via โits official โsocial media channels and confirmed by company management.
The Ning King established the Argo โManunggal Group, initially focused on the textileโฃ industry, growing it into one of Indonesia‘s largest textile conglomerates before โขdiversifying into property and other sectors. He founded his first textile factory in Salatiga, Central Java, in 1961,โ after beginning his buisness in textile trading in 1949.
In 1994, Argo Manunggal Groupโ secured development rights for a substantial area in โSerpong,โ leading to the creation of PT. Alam Sutera and the launch of the Alam Sutera Township – a large-scale integrated development. Today, Alam Sutera is a leading Indonesian property developer specializing in residential, commercial, industrial,โ retail, recreational, and hospitality projects.
“With deep sorrow, โwe convey the news that Mr. The Ning King, founder of the Argo Manunggal Group, has passed away toโ the โฃpresence of โฃGod Almighty,” PT Alam Sutera Realty Tbk stated in โคa message to detikProperti.
The company added, “the entire Alam Sutera โฃGroup family expresses their deepest condolences for the passing of Mr.The Ning king. We remember him as a visionary and inspirational figure. May the โdeceased beโฃ accepted by God Almightyโฃ and the peace of โChrist’s love be with theโฃ family left behind. Amen.”