Jakarta, CNBC Indonesia \u2013 The government is speeding up the\nconstruction of Meikarta\u2019s subsidized housing for low-income earners\n(MBR). Ministry of Housing and Settlement (PKP) Minister Maruarar Sirait\nstated that construction progress is on track.<\/p>\n
\u201cConstruction progress is currently on schedule and has entered the\ntest pile stage. Out of a total of 8,600 piles, 1,836 have been\ninstalled,\u201d he said at the site on Sunday (31 May 2026).<\/p>\n
He emphasised that accelerating construction must still adhere to\nquality standards and applicable regulations. In this project, the PKP\nMinistry acts as the policy maker and regulator. Financing and\nconstruction are handled through Danantara, while the land is a\n30-hectare donation from Lippo for three development sites.<\/p>\n
The project is expected to provide approximately 141,000 housing\nunits across the three prepared sites.<\/p>\n
\u201cThis is one of the largest vertical housing projects aimed at\nhelping working-class families access decent homes near economic and\nindustrial hubs,\u201d he added.<\/p>\n
The timeline for the subsidized housing project began with land\nclearing in February 2026, followed by ground breaking in March 2026,\nstructural construction starting in August 2026, with completion\ntargeted for August 2028.<\/p>\n
Meanwhile, Lippo Group CEO James Riady expressed anticipation for\nresidents to move into the subsidized housing soon. \u201cWe are eagerly\nawaiting the residents who will occupy this subsidized housing. Our\ntarget is completion by August 2028, followed by handover,\u201d he said.<\/p>\n
James Riady also explained that the Meikarta area is one of Southeast\nAsia\u2019s largest industrial zones. \u201cThe Meikarta area is one of the\nlargest industrial zones in Southeast Asia. Around 50% of Indonesia\u2019s\nindustries are located here, with thousands of factories,\u201d he\nexplained.<\/p>\n
He stated that the subsidized housing project is a crucial solution\nfor workers in the industrial area. \u201cWe want factory workers to have\nhomes close to their workplaces, improving their quality of life and\nmaking transportation more efficient,\u201d he added.<\/p>\n
He also noted the project\u2019s significant economic impact on national\ngrowth. \u201cAccording to our calculations, the Meikarta project could\ncontribute 0.4% to 0.8% to GDP, making a substantial impact on economic\ngrowth,\u201d James Riady said.<\/p>\n
Acting Regent of Bekasi Asep Surya Atmaja also expressed appreciation\nfor the central government\u2019s attention to housing development in Bekasi\nRegency. \u201cWe fully support housing construction for the public,\nincluding subsidized housing, as housing demand in Bekasi continues to\nrise,\u201d he said.<\/p>\n
He confirmed the permitting process is progressing smoothly.\n\u201cPermitting is currently with the Cipta Karya Office and all\nrequirements are 100% met. We will issue the permit as soon as possible\nto accelerate construction,\u201d Asep Surya Atmaja stated.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/meikarta-project-revived-as-lippo-ceo-reveals-unexpected-details-1780292228", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }