Indonesian Political, Business & Finance News

KAI to Turn Manggarai Area into Jakarta's Second SCBD

| | Source: REPUBLIKA Translated from Indonesian | Infrastructure
KAI to Turn Manggarai Area into Jakarta's Second SCBD
Image: REPUBLIKA

PT Kereta Api Indonesia (KAI) is ready to transform the Manggarai Station area into a Central Business District (CBD), akin to SCBD. The President has directed that this Manggarai precinct, which spans 62 hectares, be designed as Jakarta’s second CBD, with potential features including a five-star convention hall, a five-star hotel, and leisure zones. The Manggarai residential towers will be connected to public transport such as KRL, Transjakarta, and LRT, and will include areas for retail, business, sport, and leisure. ‘The President asked me to design this as Jakarta’s second CBD, with a convention hall, a five-star hotel, and a five-star leisure district if possible,’ said Bobby Rasyidin, President Director of KAI.

The construction of the Manggarai rusun will proceed in stages. Phase I will consist of three towers on land of 2.2 hectares, and Phase II will cover 1.6 hectares for eight towers. ‘We expect to start construction in July–August, and we expect handover to occur within 13 months,’ he added.

The Manggarai rusun project reflects KAI’s commitment to optimise assets to support housing availability for the community. KAI will continue mapping its asset potential to enable more housing development. ‘As information, KAI owns 327 million square metres of land, all located in major cities in Java and Sumatra,’ Bobby said.

Endiyanto, Direktur Komersial PT KAI Properti Manajemen, stated that the project is being developed in a strategic area that directly connects with various public transport modes in central Jakarta. Endiyanto targets a groundbreaking for the vertical housing project in July, to be built on KAI-owned land of around 2.1 hectares. ‘Location-wise, it is very attractive that it is all in central South Jakarta, only about 350 metres from the station — in current terms, one step to the station,’ he said.

He explained that the project will be built as vertical housing reaching 24 storeys, distributed across seven towers in Block G and Block F, with a aim to meet urban housing needs while supporting government housing programmes. ‘Our target is 24 storeys and seven towers, roughly,’ Endiyanto noted. He hoped the project would contribute to national housing needs and the government’s 3 million homes programme.

In addition to housing, the project will include retail areas and various facilities to create an integrated precinct. PT KAI Properti Manajemen is also engaging several state-owned enterprises and strategic partners to support utilities provision for the area. ‘We are also collaborating with several providers and partners, including state-owned enterprises, to contribute to building better, more livable housing,’ he said.

Endiyanto said Block G will include around 1,210 units for MBR (Masyarakat Berpenghasilan Rendah) and MBT (Masyarakat Berpenghasilan Tertentu), while Block F will house about 3,432 premium units. ‘In terms of price, MBR units will start from IDR 500 million to IDR 630 million for 45 square metres,’ Endiyanto stated.

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