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View all search resultsMitbana will work with Sinar Mas Land to transform over 100 hectares of greenfield land in BSD City into TODs comprising residential units, commercial properties, living amenities and public transport nodes.
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.
Despite the slow progress, railway-based public transportation operators, city-owned PT MRT Jakarta and state-owned PT Kereta Api Indonesia (KAI), have been gearing up to develop their TODs in several locations across Greater Jakarta.