potential projects

XGL Mixed-Use





Project Overview

The "XGL Mixed-use" project, with a budget of USD 57.3 million, is set to revolutionize urban living with its innovative design and strategic location. It will be the first mixed-use development seamlessly connected to an MRT station on the underground level at "Pintu Besar Selatan" Street in Kotatua. Spanning over two development plots, this project will rise more than 20 floors, integrating functions such as a hotel, service apartments, retail mall, cultural and exhibition spaces, and MRT Jakarta connectivity. Positioned as a new cultural and commercial hub in the Glodok old town area, it promises to enrich the urban landscape with its dynamic offerings.

In this endeavor, we invite partners and prospective investors to join us in realizing the vision of XGL Mixed-use through equity participation. We are actively seeking partners who will contribute to the planning, development, and execution of this project, including mall operators, hotel operators, and service providers. Together, we aim to create a landmark destination that not only meets the needs of the community but also sets new standards for urban development and cultural enrichment in Kota Tua.

Market Opportunity
Kota Tua Old Town Visitors, MRT Transjakarta and Commuterline Passengers, Working Millennials (for Hotels and Service Apartment)

Supporting Infrastructure
1. MRT Jakarta North - South Line (Lebak Bulus - Ancol)
2. Transjakarta BRT Corridor 1 (Blok M - Kota)
3. Commuterline Loop Line (Bogor – Jakarta Kota and Tanjung Priok – Jakarta Kota)

Investment Cost
IDR. 859,50 Billion

Investment Opportunity : Participation Equity
Source of Revenue : 
• Hotel
• Service apartment
• Retail
• Parking

Current Status : Pre-Feasibility Study, Permit approval (on Progress)
Gross Floor Area : 63,511 m2


Financial Analysis

Payback Period : Contact for further information
Net Present Value : Contact for further information
Investment Rate of Return : Contact for further information

Expected Start Date

Construction: 2027
Operational: early of 2029

Location

TOD Glodok - Kota Tua

-6.13995130, 106.813655

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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