Owned by SOEs, Private Developers Want To Get Involved In TOD Residential Projects

By : Hariyanto And Aldi Firhand. A | Friday, February 16 2018 - 22:13 IWST

Illustration Shelter Integrated with public transportation modes such as Transit Oriented Development (TOD)
Illustration Shelter Integrated with public transportation modes such as Transit Oriented Development (TOD)

INDUSTRY.co.id - Jakarta - The Integrated Shelter Oriented Development (TOD), which is mostly developed by developers of State-Owned Enterprises (SOEs), is regretted by private developers.

Minister of Transportation Budi Karya Sumadi said the government actually hopes that the private sector can also play a role in the project.

According to him, so far there have been some private parties who have been invited to communicate to develop this TOD-based dwelling.

"So we can build a Terminal of Poris Plawad, we will make the Cooperation of the Government Business Entity (KPBU), and the LRT and MRT we will invite the private sector," Budi said in a discussion in Jakarta on Wednesday (14/2/2018). ) then.

Meanwhile, private developers who are members of the Association of Real Estate Companies of Indonesia (REI) want to be involved in the cultivation of the TOD dwelling.

"The area passed by the LRT and MRT networks is vast, we want to be involved in the development," said Budiarsa Sastrawinata, Honorary President of International Urban Development Association (INTA).

According to him, even if within the TOD there is indeed a residential unit for Low Income Communities (MBR), REI member developers also have a lot of specialization in the field, just adjust to the incentives that can be given such as tax relief.

As is known, the current TOD project in the center of the city worked by state-owned companies. Such as Perum Perumnas who work on TOD Station Tanjung Barat, TOD Station Pondok China and TOD Bogor Station, or PT PP Property (Persero) TBk who work on TOD Juanda Station and TOD Tanah Abang Station. While Adhi Karya also works a number of TOD project titled LRT City in several stations.

News Comment

Today's Industry

Southeast Asia TRENDER Report 2020

Kamis, 03 Desember 2020 - 13:15 WIB

ZALORA Launches Inaugural Southeast Asia TRENDER Report

The report seeks to answer retail e-commerce conundrums for fashion, beauty and lifestyle segments in the region that have been further fuelled by the ongoing pandemic.

PATA Face of the Future 2021

Kamis, 03 Desember 2020 - 12:15 WIB

Submissions Invited for PATA Face of the Future 2021

PATA is a not-for-profit membership association that acts as a catalyst for the responsible development of travel and tourism to, from and within the Asia Pacific region.

Hotel Resonance Taipei, Tapestry Collection by Hilton

Kamis, 03 Desember 2020 - 11:45 WIB

Hilton Launches First Hotel under Tapestry Collection in Asia Pacific

Square International Stays Corp, a subsidiary of Prince Housing & Development Corp, under a franchise agreement with Hilton.

Daniel J. Blanchett is an English and Emotional Intelligence lecturer at President University in Cikarang and is currently pursuing a Masters in Management Technology

Selasa, 01 Desember 2020 - 06:00 WIB

Leveraging Business Opportunities through the Push-Pull-Moring Model in a COVID-19 World

Utilizing the Push, Pull, Mooring model (PPM) businesses can identify and take advantage of customer dissatisfaction in the marketplace by competitors.

Oleg Mogilevsky - Product Marketing Manager at Check Point Software Technologies (Photo by Linkedin)

Selasa, 10 November 2020 - 11:00 WIB

Five Reasons to Reevaluate Your Endpoint Protection

With the new emerging threats caused by remote working standards, security professionals need to reevaluate their approach to protecting endpoints. In order to do so, it’s vital that organisations…