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Housing project under zero down payment scheme to begin next year
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The construction of a low-cost apartment complex at Pasar Rumput in Central Jakarta is seen in this photograph on Oct. 9. (Antara/Aprillio Akbar)
T
he city administration is set to build apartments in Pondok Kelapa, East Jakarta, under the zero rupiah down payment housing scheme next year, which will be developed by city-owned property developer Pembangunan Sarana Jaya.
"Hopefully, early next year we can start with the first pilot project in Pondok Kelapa," Sarana Jaya president director Yoory C Pinontoan said at City Hall on Tuesday as quoted by kompas.com.
Yoory said they were going to build two towers with approximately 700 apartments on a 1.3 hectare plot of land.
He said his company was unable to build landed houses because of the limited availability of land in the city, "so, we have to build vertical housing."
He added that the current project would be funded by the company’s internal budget. However, he did not elaborate on the total budget required for the project.
The city administration has allocated Rp 800 billion (US$59 million) for funding one of the key campaign promises of Jakarta Governor Anies Baswedan.
Deputy Governor Sandiaga Uno said the city administration would assist in the development of the pilot project.
“We will facilitate the issuing of permits,” he said. (dis)
