Didnt have Permission to Establish Building Yet, PP Pro Postpone Marketing and Development TOD Project

By : Hariyanto And Aldi Firhand. A | Monday, February 19 2018 - 21:50 IWST

PT PP
PT PP

INDUSTRY.co.id - Jakarta - Until now, PT PP Properti Tbk (PPRO) has not been able to start the development or marketing of Transit Oriented Development (TOD) -based projects that are integrated with mass transportation. The reason, this company has not pocketed Building Construction Permit (IMB) for the project.

Director of PP Properti Galih Saksono said, the marketing of vertical housing projects that will be built by the company in Juanda Station will only be marketed after the building permit is issued.

"We are still in the process of taking care of the permit, we are targeting the marketing and the new development can be done after Eid after permit IMB," said Galih in Jakarta, Thursday (15/2/2018).

Galih said, although not yet marketed PP Property has started to conduct market tests since the company conducted a groundbreaking ceremony in the fourth quarter of 2017 last year.

According to him, the market response to the project is so good that the company keeps trying to get its licenses immediately completed.

Galih added, the project development plan is actually not long. Because the permit to build a building in Jakarta does take about six months to seven months. "This is what we deal with is a regular permit IMB," Galih said.

While the vertical housing project that will be built in Tanah Abang Station which has also been done groundbreaking along with the project Juanda Station is targeted to be marketed and built next year. He said it would still focus first with the project at Juanda Station because the market response is very good.

Galih see the prospects of developing the property business with the concept of TOD will increasingly in demand in the future. Because the area equipped with mass transportation mode will become a necessity in big cities.

In addition to Juanda Station, PPRO will also develop a TOD-based project in Jababeka in cooperation with PT Grahabuana Cikarang.

They will build a mixed use area that covers apartment and commercial area in the form of Japanese concept mall. The project with the concept of little Tokyo is planned to be marketed in the second half of 2018.

"The project in Jababeka will be a TOD-bound project, which will be connected to the Jakarta-Bandung speed train and will be equipped with inter-capital from the region to the location and from the location to the train," explained Galih. (tan)

News Comment

Today's Industry

Application-based transportation provider, Grab Indonesia (Foto Ist)

Jumat, 19 Oktober 2018 - 11:43 WIB

SoftBank Case, Lippo Bribes Question Grab Business amid Blood Money Swirl

Two major cases which have now charged Grab investors, namely SoftBank and Lippo Group, are expected to threaten the online transportion operator's business credibility.

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…