MRT Jakarta Plans Apartments in Blok M Targeting Gen Z, Here's Why
Amid Jakarta’s ever-climbing property prices, there is good news for millennials and Gen Z hoping to own a home in a premium area. PT MRT Jakarta plans to build apartments in the Blok M area specifically targeting middle-income earners (MBT), rather than the upper-middle segment.
The housing will form part of the Blok M Transit Oriented Development (TOD), combined with a hotel, commercial areas, and the revitalisation of Blok M Terminal into a modern transport centre.
Sagita Devi, TOD Planning Department Head at MRT Jakarta, said the project is designed to meet the needs of young people with decent incomes who are nonetheless unable to afford high-priced apartments in Jakarta.
“There will likely be units — probably not for the upper-middle segment, but for MBT, middle-income earners. MBR [low-income groups] are already covered by the government’s affordable housing scheme. So we intend to provide for, or target, the market of millennials and Gen Z who actually have fairly high incomes but cannot yet afford to buy an apartment or unit,” Sagita said in response to a question from CNBC Indonesia at Transport Hub Jakarta on Thursday (30/7/2026).
According to her, the development is part of a grand plan to revitalise the Blok M area, long known as one of Jakarta’s busiest transport hubs.
“Going forward we will revitalise the Blok M Terminal area itself, where there will also be mixed-use development in the form of apartments, a hotel and other commercial functions,” she said.
Beyond building housing, MRT Jakarta also wants to give Blok M Terminal a new face as an integrated, pedestrian-friendly district connected to public transport modes.
“Hopefully this will become an example of a more modern terminal that can serve as a model for the development of terminals in the future,” said Sagita.
Unlike several other transport operators with extensive land reserves, MRT Jakarta is relying on optimising assets owned by the DKI Jakarta Provincial Government to develop the TOD area.
“MRT itself has no assets other than the station assets. So one of the things we are doing in TOD property development is making use of and optimising the Provincial Government’s assets,” she explained.