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Jakarta Post

Developer seeks piece of transit-oriented development trend

  • News Desk

    The Jakarta Post

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Jakarta   /   Fri, February 21, 2020   /  04:45 pm
The Jakarta Post Image
A Greater Jakarta LRT overpass in Kuningan, South Jakarta(Courtesy of LRT Jabodebek/-)

Property developer PT Adhi Commuter Properti, a subsidiary of state-owned construction firm PT Adhi Karya, hopes to tap into the potential of transit-oriented development (TOD) as more people choose to live near public transportation. The company, which develops apartment complexes integrated with public transit, hopes to sell over 4,000 units, totaling Rp 2.2 trillion (US$160.5 million), this year. It predicts a high demand for TOD, such as in areas near the Greater Jakarta LRT, which, once in operation, will connect the capital to peripheral areas. "We do not want to sell mere buildings," corporate marketing manager Djoko Santoso told reporters on the sidelines of the Indonesia Property Expo on Thursday. "We want to create communities by [providing] many communal spaces so that residents can socialize with each other."  As residents awai...