Indonesian Political, Business & Finance News

PT KAI Constructs Apartment Buildings in Four Major Cities

| Source: TEMPO_ID_BISNIS Translated from Indonesian | Property

PT Kereta Api Indonesia (Persero) or KAI has officially commenced construction of apartment complexes or Rusun near Manggarai Station in South Jakarta on Monday, 16 March 2026. Additionally, PT KAI is simultaneously beginning construction of Rusun in Bandung, Semarang, and Surabaya.

“KAI wishes to present a more integrated urban ecosystem, housing proximate to public transport, efficient land utilisation, and greater mobility for urban communities,” stated PT KAI (Persero) Chief Executive Officer Bobby Rasyidin during the official launch of the apartment complex project in Jakarta on Monday, 16 March 2026.

The Jakarta Rusun will comprise 8 towers standing 12 storeys high, consisting of Block F spanning 15,014 square metres and Block G spanning 6,925 square metres. The offered housing types include 45-square-metre units priced at Rp 500 million and 52-square-metre units priced at Rp 600 million.

Block F contains 1,300 units of the 45-square-metre type and 250 units of the 52-square-metre type. Block G contains 500 units of the 45-square-metre type and 150 units of the 52-square-metre type.

KAI is also constructing Rusun near Kiaracondong Station in Bandung with the same specifications. According to Bobby, this project will occupy 7,600 square metres of land with a total of 753 housing units comprising 2 towers.

In Semarang, on Dr. Kariadi Road, Rusun will be built on 1.2 hectares of land with 2 towers standing 42 storeys high. The development will provide 1,042 housing units.

Near Surabaya Gubeng Station in Surabaya, at Mendut Field, KAI is constructing 2 towers standing 52 storeys high. The development will provide 1,489 housing units.

Bobby stated that the project is funded from various sources. The entire Rusun development is part of the three-million-home programme, which represents one of President Prabowo Subianto’s key initiatives.

“The financing comes from KAI’s own allocation, as well as loans from domestic sources, and a portion from Danantara,” he explained.

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