Apartment & Podium Retail

Project Profile

Located within the Pulogadung Industrial Estate, the project benefits from sustained demand for strategically located and affordable housing, supported by continued industrial expansion and a growing workforce. The proposed 390-unit Apartment and Retail Podium Development is designed to cater to the mid-market and lower-mid-market residential segments, particularly industrial workers, young professionals, and surrounding communities, presenting a compelling investment opportunity in Jakarta's expanding residential market.

 

Market Opportunity

The project targets the lower-mid and mid-market residential segments, supported by strong housing demand from the growing workforce within the Pulogadung Industrial Estate. Comparable residential developments in the area have achieved sales rates of 80–90%.

 

Product Development
Apartment
Segment Lower-Mid to Mid-Market
Total Units 390
Selling Price IDR 18 Million / m2
Retail Podium
Segment Lower-middle
Number of Rooms 980 m2
Selling Price IDR 24.6 Million / m2

 

Project Structure
Partnership Scheme BOT (Build Operate Transfer)
Capital Structure 30% Equity / 70% Debt

 


Investment Cost
IDR 228.90 Billion
Expected Started Date

2026

Financial Analysis

NPV : IDR 27.9 Billion
IRR : 34.95%
WACC : 11.21%
Payback Period : 3 years
Partnership Period: 20 years

Land Area

Development Area : 4,143 m2
Total GFA : 21,378 m2
Total NLA : 12,576 m2

Location

Bekasi Boulevard - Pulogadung Boulevard, Pulogadung Industrial Area

-6.183210, 106.917100

Contact

Name : Lola Cahyana
Title : AVP Business Development
Email : lolacahyana@jiep.co.id