The circuit was designed by Hermann Tilke, the German engineer responsible for a large number of contemporary Formula One and international-grade circuits. The layout was created by modifying roads within the Lippo Village planned community, weaving past Pelita Harapan University and the Supermal shopping complex at the centre of the development. Tilke designed the circuit to reach a maximum speed in excess of 308 km/h, with an average lap speed of 176 km/h, making it competitive with other A1 Grand Prix venues of the era.
In 2008, the track was confirmed as a venue for the 2008–09 A1 Grand Prix season, with the event scheduled for the weekend of 8 February 2009. Further details of the circuit were publicly released on 29 August 2008. Plans called for using part of Pelita Harapan University's planned extension buildings to double the capacity of the pit lane during race weekends. Organisers promoted the event as a showcase for the broader Lippo Village development and surrounding commercial businesses.
The event was ultimately cancelled after the local promoter and organisers failed to meet the construction completion deadlines set by the FIA. The circuit was not homologated by the FIA before the 6–8 February 2009 race weekend, rendering the scheduled event impossible to hold.
Despite the A1 Grand Prix cancellation, the circuit was used for local racing events during the early 2010s before falling out of active use. By 2012 the facility was considered defunct. As of 2016 much of the track's original infrastructure had been removed: pit lane border markers were gone, the starting lights had been taken down, and the pit lane structure itself had been demolished. Large trees had grown to cover portions of the unused track surface near a mosque on the circuit's perimeter. The paddock building was repurposed as an extension of Pelita Harapan University, providing additional classrooms and a computer laboratory. Large areas of the former track were converted to parking for the MaxxBox Mall, a shopping centre that opened across from the original Supermal Karawaci.
The site was effectively superseded by the BSD City Grand Prix, a street circuit constructed in Bumi Serpong Damai, Tangerang.
The Lippo Village circuit stands as one of several aborted Southeast Asian motorsport projects from the A1 Grand Prix era, reflecting the series' ambition to expand into emerging markets while also illustrating the difficulties of building homologated street circuits in developing-world urban environments on short promotional timelines. Its connection to Hermann Tilke gives it a nominal design pedigree, even though the circuit never hosted a sanctioned international race. The physical remnants visible as late as 2016 — intact track outlines embedded in a functioning urban district — represent an unusual urban archaeology of a motorsport venue that never fulfilled its intended purpose.