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Developer seeks piece of transit-oriented development trend
PT Adhi Commuter Properti, 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 high demand for transit-oriented development (TOD), such as in areas near the Greater Jakarta LRT, which, once in operation, will connect the capital city to peripheral areas.
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A Greater Jakarta LRT overpass in Kuningan, South Jakarta (Courtesy of LRT Jabodebek/-)
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roperty 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 await the planned light rail public transportation, the property firm is poised to reap benefits from the trend. Adhi Karya is pursuing an LRT project that will connect Jakarta to Bekasi in West Java in a bid to accommodate commuters, provide more transportation options and ease traffic congestion.
The Greater Jakarta LRT, not to be confused with LRT Jakarta serving the Velodrome-Kelapa Gading route, is being constructed and maintained by state-owned company PT Adhi Karya, and its trains are manufactured by state-owned company PT Industri Kereta Api Indonesia (INKA).
The Greater Jakarta LRT, scheduled to begin operation in 2021, has completed 67.87 percent of its first phase of development, which will have a total of 44.43 kilometers of track. The first phase consists of three lines: Cawang to Cibubur in East Jakarta, Cawang to Dukuh Atas in Tanah Abang, Central Jakarta, and Cawang to East Bekasi in West Java.
The total length of the rail service is planned to be 83.6 kilometers, with line extensions reaching Baranangsiang in Bogor, West Java, Senayan, Central Jakarta, and Soekarno-Hatta International Airport in Tangerang, Banten.
