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View all search resultsPlan to build subsidized apartments in Meikarta raises doubts
The Public Housing and Settlements Ministry plans to transform parts of the long-stalled Meikarta project in Bekasi, West Java, into a subsidized apartment complex (Rusun) to provide affordable homes in urban areas for low-income earners.
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Construction work at the Meikarta project is seen in October 2018 in Cikarang, West Java. The project has since stalled. (Antara/Hafidz Mubarak A. )
T
he Public Housing and Settlements Ministry plans to transform parts of the long-stalled Meikarta project in Bekasi, West Java, into a subsidized apartment complex (Rusun) to provide affordable homes in urban areas for low-income earners.
But experts have raised doubts about the site’s suitability, citing an unclear market segment and a lack of connectivity in Meikarta, a project developed by Lippo Group that has left thousands of consumers in a state of limbo.
To move the plan forward, the housing ministry recently held a hearing with the Corruption Eradication Commission (KPK), pursuing "the legal certainty long awaited by the people, banks and developers".
In a press release published on Wednesday, housing minister Maruarar “Ara” Sirait announced that the KPK had “no problem” with starting the construction of subsidized apartments in Meikarta.
KPK spokesperson Budi Prasetyo emphasized that the bribery case related to the Meikarta project permits had been settled and that no apartments had been seized, meaning the status of Meikarta was “clear and clean”.
Launched in 2017, Lippo Group’s US$21 billion Meikarta project has been bogged down by legal disputes with buyers over delayed property handovers and allegations of corruption.
It was initially set to deliver 225,000 apartments and 1.5 million square meters of commercial space near Jakarta and Bandung, but the project has fallen far short of its multiyear targets.
