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

Lenggang Nyai Dance Enchants at Asian Cup Mascot Launch in Doha

Kamis, 07 Desember 2023 - 20:41 WIB

Lenggang Nyai Dance Enchants at Asian Cup Mascot Launch in Doha

Doha, Qatar - At the Asian Cup mascot launch event in Qatar, the traditional Indonesian dance, Lenggang Nyai from Betawi, stole the show as the only representative from the Southeast Asian region…

The Consulate General of Indonesia in Vancouver Receives the Integrity Zone Award for a Corruption-Free Region (WBK) in 2023

Kamis, 07 Desember 2023 - 20:35 WIB

The Consulate General of Indonesia in Vancouver Receives the Integrity Zone Award for a Corruption-Free Region (WBK) in 2023

Bali, Indonesia - The Consulate General of the Republic of Indonesia in Vancouver has achieved the Integrity Zone (ZI) Towards a Corruption-Free Region (WBK) Award 2023. The award was presented…

Indonesia´s Jamu Wellness Culture Declared as UNESCO Intangible Cultural Heritage

Kamis, 07 Desember 2023 - 20:31 WIB

Indonesia´s Jamu Wellness Culture Declared as UNESCO Intangible Cultural Heritage

Kasane, Botswana - The UNESCO Intangible Cultural Heritage (ICH) Convention Committee has declared Jamu Wellness Culture as a UNESCO Intangible Cultural Heritage on (6/12). Jamu Wellness Culture…

From Cape Town to Nordkapp, Indonesian Explorer Sets Off on Expedition Promoting Indonesia

Kamis, 07 Desember 2023 - 20:29 WIB

From Cape Town to Nordkapp, Indonesian Explorer Sets Off on Expedition Promoting Indonesia

Cape Town, South Africa - Balines globetrotter, Ida Bagus (IB) Ngurah Wijaya has once again set off on an adventure by riding a motorbike from Cape Town to Nordkapp (06/12). On this trip, IB…

The Indonesian Christian Community holds Christmas Commemoration in Brunei

Kamis, 07 Desember 2023 - 20:24 WIB

The Indonesian Christian Community holds Christmas Commemoration in Brunei

Bandar Seri Begawan, Brunei Darussalam - Indonesian Ambassador to Brunei Darussalam, Dr. Achmad Ubaedillah hopes that the commemoration of Christmas Day 2023 can further strengthen the sense…