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Billionaire Indonesian property tycoon Ciputra dies at 88

Erwida Maulia, Nikkei staff writer

Indonesian real estate tycoon Ciputra, chairman and founder of the Ciputra Group, one of the country's largest property developers, died on November 27 at the age of 88. In a statement, the family said Ciputra was undergoing "treatment for his illness" when he passed away at a hospital in Singapore. Indonesian media said Ciputra had been undergoing routine dialysis treatment in recent months.