TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsAstra to build 1,000 low-cost apartment units along railway line
The project, which will be developed on land owned by state-owned railway operator Kereta Api Indonesia, to be carried out using Astra’s corporate social responsibility funds.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Children play on May 4, 2020, in the yard of the Pasar Rumput Simple low-cost apartment (rusun) in South Jakarta. The Jakarta provincial administration previously intended to waive rusun fees or rates during the COVID-19 pandemic due to the large number of residents unable to pay rent. (Antara/Dhemas Reviyanto)
T
he Public Housing and Settlements Ministry has revealed that local conglomerate Astra International will develop 1,000 low-cost apartment (rusun) units in Jakarta, utilizing land assets owned by state-run railway company PT Kereta Api Indonesia (KAI).
The project will be carried out under a corporate social responsibility (CSR) scheme, marking a collaborative model in which private sector funding is channelled into public housing development.
Public Housing and Settlements Minister Maruarar “Ara” Sirait said the project is expected to commence once land availability from the state is finalized.
He expected the construction to be completed within a year, underscoring the urgency of expanding access to decent housing in densely populated urban areas, whilst conducting location surveys for potential project sites and regulation drafting.
“We are currently conducting surveys, while also preparing the regulatory framework, including rules on subsidized apartment housing and schemes for developing apartments financed through CSR funds,” Ara said during a visit to KAI-owned land on Jl. Kemukus in West Jakarta on Sunday, as quoted by Liputan6.
These efforts are expected to include provisions that allow housing construction to be financed through CSR funds, opening the door for broader private sector participation.
Under this scheme, land ownership will remain with the state, while private companies take on the responsibility of financing and constructing the housing units.
