The Jakarta Post
State-owned train operator PT Kereta Api Indonesia (KAI) and state-owned construction company PT Waskita Karya Realty have signed an agreement to build a transit oriented development (TOD) housing scheme at Bogor train station in West Java.
“Hopefully the project will go well and we can launch the groundbreaking event on Oct. 5,” Waskita Karya President Director M. Choliq said after the signing ceremony on Monday as quoted by kompas.com.
The TOD concept is expected to solve the housing backlog as well as congested traffic in the capital and its satellite cities. With the price of land increasingly unaffordable for many people in Jakarta, they have started to look for houses in outer areas such as Bogor.
Data from the Central Statistics Agency (BPS) issued in 2016 revealed that more than a million families in Jakarta are homeless, forcing them to live under rental agreements. Among all the provinces in the archipelago, Jakarta has recorded the lowest home ownership rate of 51.09 percent, the data showed.
The project will see eight apartment towers built over 6.5 square hectares, each tower comprising 18 floors, Choliq added.
Thirty percent of the 1,500 units will be allocated for people with low-income, he said. (fac)