{
    "success": true,
    "data": {
        "id": 1734312,
        "msgid": "weakening-rupiah-will-tod-apartments-and-housing-complexes-proliferate-1778583193",
        "date": "2026-05-12 16:50:00",
        "title": "Weakening Rupiah: Will TOD Apartments and Housing Complexes Proliferate?",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Property",
        "summary": "The weakening rupiah and rising construction costs are prompting Indonesian property developers to adopt strategies like building high-rise residential units in central business districts to prevent sharp price increases, according to JLL Indonesia's Senior Director Milda Abidin. For middle-class buyers, projects are shifting to urban peripheries with a focus on transit-oriented development (TOD) concepts, leveraging rail-based infrastructure such as MRT, LRT, and KRL to reduce transportation expenses and redirect savings towards housing instalments. This trend highlights the sector's adaptation to economic pressures and urban planning shifts, potentially leading to a surge in affordable vertical housing near transport hubs.",
        "content": "<p>Jakarta, CNBC Indonesia - The weakening rupiah and rising\nconstruction costs are forcing developers to pivot their strategies to\nprevent property prices from surging too steeply. One trend expected to\nbecome more widespread is the development of vertical housing in central\nbusiness districts or large townships.<\/p>\n<p>\u201cIf, for example, the product is in their CBD, they usually build\nmore towards high-rise residential, meaning vertical,\u201d said Milda\nAbidin, Senior Director of Strategic Consulting at JLL Indonesia, at the\nIndonesia Stock Exchange (BEI) building on Tuesday (2\/5\/2016).<\/p>\n<p>Multi-storey housing is seen as an option because construction costs\ncan be spread across more units in a single development area, thus not\nimmediately causing drastic increases in selling prices. In addition to\nconstruction efficiency, this strategy is also linked to continuously\nrising land prices, particularly in urban and central business\nareas.<\/p>\n<p>\u201cThe cost to build is also rising but not significantly. Then the\nland usage is not large because land prices are expensive,\u201d she\nsaid.<\/p>\n<p>TOD Concept in Demand<\/p>\n<p>Meanwhile, for the residential segment targeting middle-class\nsociety, developers are reportedly shifting projects to suburban areas\nto keep prices affordable for consumers.<\/p>\n<p>\u201cFor residential to remain affordable for buyers, they build it in\none area but a bit more on the outskirts,\u201d said Milda.<\/p>\n<p>Now, developers are increasingly paying attention to spatial planning\ndirections and rail-based transportation connectivity such as MRT, LRT,\nor KRL, as they are deemed able to reduce mobility costs for the public.\nThis means targeting the transit-oriented development (TOD) concept,\nconsidering public mobility access.<\/p>\n<p>\u201cWe see now that the RTR map or regional and city spatial planning is\nalready infrastructure-based on rail. Especially rail-based because the\ncost can quite suppress transportation,\u201d she said.<\/p>\n<p>This transportation cost efficiency can be redirected by the public\nto pay housing instalments, especially for apartments and condominiums\nin the supporting areas of big cities.<\/p>\n<p>\u201cThis is what developers hope for, with the presence of this\ntransportation mode, transportation costs can be converted to buy\ncondominium instalments,\u201d she said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/weakening-rupiah-will-tod-apartments-and-housing-complexes-proliferate-1778583193",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}