Pasar Minggu Development

Project Profile

Located on a ± 16,594 m² site in South Jakarta, Pasar Minggu presents a prime transit-oriented development (TOD) investment opportunity strategically positioned adjacent to Pasar Minggu Railway Station and Bus Terminal. The proposed mixed-use development will integrate a modern market, serviced apartments, retail spaces, co-working offices, and public facilities, creating a vibrant urban destination with strong potential for sustainable long-term economic growth.

 

Market Opportunity

Pasar Minggu presents a compelling transit-oriented development (TOD) investment opportunity, strategically positioned adjacent to the Pasar Minggu Railway Station and Bus Terminal. Strong residential demand, limited land availability, and growing preference for transit-oriented living further strengthen the project’s market potential and long-term value proposition.

 

Product Development
Service Apartment
Segment Mid-market
Number of Units 900
Type of Units 2BR (32 m²)
Rental Rate IDR 160,000 per m²/month
Traditional Market
Segment Middle low
Number of Units 1,755 Existing Merchant Units
Type of Units Kiosk (74%), Market Stall (26%)
Rental Rate IDR 40 Million per m² (20-year lease)

 

Project Structure
Partnership Scheme Joint Operation
Investment Sharing Owner: Land value
Investor: All development costs

 


Investment Cost
IDR 696.50 Billion
Expected Started Date

2027

Financial Analysis

NPV : IDR 70.8 Billion
IRR : 11.26%
WACC : 9%
Payback Period : 8 Years
Cooperation Years : 5 – 20 Years

Land Area

Development Area: 16,594 m²
Total NLA: 74,490 m²
Total GFA: 86,705 m²

Location

Jalan Raya Ragunan, South Jakarta, Indonesia

Coordinates: 6.284318° S, 106.843882° E

Contact

Name : Slamet
Title : Head of Business Partnership and Commercial Division
Email : slamet@pasarjaya.co.id