Adhi Invest in Seven LRT City Rp12 Trillion

By : Herry Barus And Aldi Firhand. A | Friday, July 27 2018 - 20:16 IWST

Minister of Transportation Budi Karya Sumadi reviewed the LRT project

INDUSTRY.co.id - Jakarta - PT Adhi Karya (Persero) Tbk through its subsidiary PT Adhi Commuter Properti (ACP) is ready to develop the "LRT City" project in seven new locations with a total investment of around Rp12 trillion.

"LRT City, developed by ACP, is a residential and commercial area located in an integrated area connected directly with the mass transportation system, one of which is the light rail transit (LRT) of Jabodebek," said ACP President Director Amrozi Hamidi in Jakarta, Thursday (26/7/2018)

Occupying an area of 436,694 M2 LRT City spread over seven locations, including LRT City East Bekasi - Eastern Green, LRT City Jaticempaka - Gateway Park, LRT City Ciracas - Urban Signature, LRT Sentul City - Royal Sentul Park, Oase Park - Ciputat (Member of LRT City), Cisauk Point - Cisauk (Member of LRT City) and includes office building project MTH 27 Office Suite - Cikoko.

He explained that the development of LRT City ACP carries the concept of Transit Oriented Development (TOD) with a compact urban development approach, adopting mixed-use, maximizing the use of mass transit such as LRT, Bus Rapid Transit and KRL and equipped with a network of pedestrians / bike.

"The advantages of our projects are property located at 0 km from the station," he said.

Learning from Japan and Singapore, the property in the LRT station area will be excellent and the price will continue to increase.

"Compared to other countries, property prices in LRT City in Indonesia are relatively cheap, so it is believed that these projects will be absorbed by the market and by 2018 we are targeting sales of more than Rp 1 trillion," Amrozi said.

For that in the future ACP will continue to expand by targeting to build up to 22 LRT City until the year 2022.

Currently the three projects that have been built are Eastern Green in the process of "topping off", Royal Sentul Park and Gateway Park entered the construction process, and four other projects namely Urban Signature, Cisauk Point, Oase Park and MTH 27 are in the process of preparation.

ACP Marketing Manager Djoko Santoso, said to introduce LRT City projects to the public, the company is exhibiting in a number of locations to give consumers the choice whether to be residential or for investment.