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Pasar Jaya eyes 63 markets to redevelop with mixed-use concept
"We’re now in the process of changing the land certificates of the 63 markets," he said.
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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)
W
ith 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 apartment in a block can be sold with an HGB certificate with a right to use for up to 50 years – which would give the tenants more assured rights.
Among the markets they intend to redevelop are Cempaka Putih Market in Central Jakarta, Grogol Market in West Jakarta and Minggu Market in South Jakarta.
“The one in Minggu Market can even be developed as a TOD [transit-oriented development],” he said, noting that the market stands near a bus terminal, a Transjakarta bus shelter and a commuter rail station.
