LRT CITY Ciracas is a well-adapted TOD project integrating residential apartments and commercial spaces directly connected to the LRT Ciracas station. The project offers a unique commercial ecosystem designed to serve both residents and daily LRT passengers, creating sustainable business opportunities through an optimised and strategic tenancy mix in the Southeast part of Jakarta.
Potential: A diverse demand base, including apartment residents, LRT jabodetabek passengers, office workers, and surrounding communities in Ciracas, the TB Simatupang corridor, and Cibubur, supports the project’s long-term market potential.
| Segment | Middle-Class Shopping Mall |
|---|---|
| Type | Lifestyle Mall (Neighborhood Shopping) |
| Tenant Mix / Retail Unit Configuration | Small to Medium Tenant: < 86 m² Large Tenant: 86 – 100 m² Anchor Tenant: > 100 m² |
| Rental Rate | IDR 240,000 / m² / month |
| Segment | Mid-Market |
|---|---|
| Number of Units | Tower 1: 1,137 Units Tower 2: 477 Units |
| Type | Studio (60%), 2BR (10%), 1 BR (30%) |
| Unit Mix | Studio (24 m²) 1BR (32 m²) 2BR (52 – 65 m²) |
| Selling Price (Exc PPN) | Starting from IDR 22 Million / m² Starting from IDR 540.3 Million / Unit (Studio Type) |
| Partnership Scheme | Strategic Partnership with Debt Financing |
|---|---|
| Capital Structure | Debt / Equity |
NPV : IDR 137.1 Billion
IRR : 12%
WACC : 10.5%
Payback Period : 6 Years
Cooperation Years : 10 Years
Development Area: 62,956 m²
Total NLA: 70,079 m²
Total GFA: 96,170 m²
Jalan Penganten Ali, East Jakarta, Indonesia
Coordinates: 6.3238° S, 106.8866° E
