The four-tower apartments on a 27,706-square-meter plot will become an urban development model for Greater Jakarta, said Perumnas president director Bambang Triwibowo in his speech at Monday's groundbreaking ceremony.

Pondok Cina apartments is the second TOD project, following the TOD development kicked off earlier this year at the Tanjung Barat Commuter Line train station in South Jakarta.

"People who live here will be just one step away from the commuter train. It will reduce the use of private vehicles and will further reduce congestion and pollution," said Bambang .

He added that the 49-story towers would have 3,693 apartment units, with a total investment of around Rp. 1.45 trillion (US$107.2 million). Thirty percent of the apartments would be sold to minimum-wage earners at Rp 7 million per square meter.

Two towers are expected to be completed within two years, while the rest will be built six months after this first phase of the construction.

Public Works and Public Housing Minister Basuki Hadimuljono and State-Owned Enterprises Minister Rini Soemarno also attended the groundbreaking.

Rini said the government planned to build at least nine more TOD projects in Greater Jakarta. (bbn)

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