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Jakarta Post

Pasar Jaya eyes 63 markets to redevelop with mixed-use concept

  • Vela Andapita
    Vela Andapita

    The Jakarta Post

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Jakarta   /   Sat, January 18, 2020   /  10:22 am
The Jakarta Post Image
Children play in a stairway of the Pasar Rumput low-cost rental apartment block in South Jakarta on Oct. 20. The construction of the apartments cost Rp 961.37 billion and was carried out by Public Works and Housing Ministry as an example of mixed-use development.(JP/Syelanita)

With a backlog of demand for more than 1 million housing units and limited building sites, the need for more efficient, mixed-use land is encouraging, among other things, the construction of more apartments on top of markets. Realizing the situation, city-owned market operator Pasar Jaya's head of public relations, Gatra Vaganza, said the company was eyeing 63 markets across the capital to be redeveloped with the mixed-use concept. “We’re now in the process of changing the certificates of the 63 markets,” he told The Jakarta Post over the phone on Thursday. “We need to change the certificates from right-to-use permits to become right-to-build [HGB] over the right-to-manage. This will provide a more firm legal basis for us to further utilize the land for commercial purposes,” Gatra explained. With the new certificates, Gatra added, each apartm...