potential projects

Blok M Mixed-Use





Project Overview

The "Blok M Mixed-use" development, situated in the heart of the Kebayoran Baru Garden City District in South Jakarta, aims to rejuvenate the neglected Blok M Underground terminal into a vibrant center of activities. With a comprehensive mix of facilities including a hotel, service apartment, Residential, retail mall, office spaces, and integrated public transportation, this project envisions a dynamic urban hub. With a substantial investment of USD 190 million, spanning across a land area of 13,000 square meters and a gross floor area of 147,119 square meters, the development seeks to enhance the area's image and vitality by providing diverse amenities and reviving the Blok M district.

The project unfolds in three phases, starting with the revitalization of public spaces, followed by the construction of a retail mall and hotel service apartment podium. This project presents opportunities for partners and prospective investors to collaborate in realizing the Blok M Mixed-use development. We are also seeking partnerships with retail operators, hotel operators, and other stakeholders to play a role in the operation of the building in the future.

Investment Cost
IDR. 2,88 Trillion

Project Type : Equity Participation
Investment Opportunity : Participation Equity (KSP/KPBU/BGS)
Source of Revenue : Hotel, Service Apartment, Residential, Commercial Rental Area, Advertisement Space
Current Status : Pre Feasibility Study, HBU, Permit Approval (On Progress), Basic Engineering Design
Land Area : Development Area (GFA) 147119 m2


Financial Analysis

PP : Contact for further information
NPV : Contact for further information
IRR : Contact for further information

Expected Start Date

Phase 1:
Construction: 2025
Operational: 2026

Phase 2:
Construction: 2027
Operational: 2030

Phase 3:
Construction: 2033
Operational: 2036

Location

TOD Blok M-ASEAN

-6.243338685325121, 106.80002635117476

Contact Info

Name: Muhammad Hendardi Subianto
Job Title: Acting Department Head of TOD Asset, Permit, & Business Management
Email: shendardi@jakartamrt.co.id


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