Jakarta, Indonesia – State-owned railway company PT Kereta Api Indonesia (KAI) is embarking on a significant expansion of its property portfolio, with plans to construct over 2,200 apartment units near the Manggarai Station in South Jakarta. The ambitious project, announced on Monday, March 16, 2026, forms part of a broader initiative to develop integrated transit-oriented developments (TODs) across several major Indonesian cities, aiming to address housing needs and improve connectivity for commuters. The development at Manggarai station is expected to offer affordable housing options, with prices starting from Rp 500 million (approximately $32,000 USD as of March 16, 2026).
The project reflects a growing trend in Indonesia to leverage railway infrastructure for urban development. By integrating residential spaces with transportation hubs, KAI aims to reduce congestion, promote public transport usage, and create vibrant, self-sufficient communities. This strategy aligns with the Indonesian government’s broader “3 Million Houses Program,” a national initiative designed to address the country’s significant housing deficit. The Manggarai development is intended to be a key component in achieving these national housing goals, providing much-needed accommodation in a densely populated urban area.
According to KAI’s Director Utama, Bobby Rasyidin, the development will span 2.2 hectares and will consist of eight towers, each 12 stories high. The company anticipates completing the project by 2027, with the handover of keys to residents scheduled for that year. This timeline indicates a relatively rapid construction schedule, reflecting KAI’s commitment to delivering the project efficiently. The strategic location near Manggarai Station, a major transportation hub in Jakarta, is expected to be a significant draw for potential residents, offering convenient access to the city’s extensive commuter rail network.
Project Details: Manggarai Station Apartments
The apartment complex will be constructed in two main zones: Blok G and Blok F. Blok G will feature three towers, with the first two floors dedicated to commercial spaces and the remaining ten floors comprising residential units. Approximately 650 units are planned for Blok G, offering a mix of 45 and 52 square meter floor plans. Blok F will house five towers, following a similar design with two floors for commercial use and ten floors for residential apartments. This zone is projected to accommodate around 1,550 units, likewise with 45 and 52 square meter options. The variety in unit sizes aims to cater to a diverse range of potential buyers, from young professionals to small families.
Pricing for the apartments will vary depending on the size and location within the complex. The 45 square meter units are priced at Rp 500 million, while the larger 52 square meter units will be offered at Rp 600 million. These prices are intended to be competitive within the Jakarta housing market, making the development accessible to a wider segment of the population. The affordability of these units is a key factor in KAI’s strategy to contribute to the government’s housing program and address the demand for affordable housing in the capital city.
Expanding Beyond Jakarta: KAI’s Nationwide Development Plan
The Manggarai project is not an isolated initiative. KAI has announced plans to replicate the TOD model in three other major Indonesian cities: Bandung, Semarang, and Surabaya. These developments will also be built on land owned by PT KAI, maximizing the company’s existing assets and streamlining the development process. The expansion demonstrates KAI’s ambition to become a significant player in the Indonesian property market, leveraging its extensive land holdings and transportation infrastructure.
In Bandung, the project will be located near Kiaracondong Station, covering approximately 7,600 square meters and comprising 753 units across two towers. The Semarang development, situated near Dr. Kariadi Hospital, will occupy 1.2 hectares and feature 1,042 units in two 42-story towers. Finally, the Surabaya project, near Gubeng Station, will encompass 1.42 hectares and offer 1,489 units across two towers. These projects represent a substantial investment in urban infrastructure and housing across Java, Indonesia’s most populous island.
Stakeholder Involvement and Government Support
The launch of the Manggarai apartment project was attended by several high-ranking government officials, including Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono and Deputy Minister of Housing and Settlement Areas Fahri Hamzah. The presence of these officials underscores the government’s strong support for KAI’s initiative and its alignment with national development priorities. Danantara Dony Oskaria, COO of Danantara, was also in attendance, highlighting the involvement of key stakeholders in the project’s planning and execution.
The Indonesian government has been actively promoting public-private partnerships (PPPs) to accelerate infrastructure development and address the country’s investment needs. KAI’s TOD projects are a prime example of this approach, leveraging the company’s resources and expertise to deliver much-needed housing and transportation infrastructure. The government’s commitment to providing affordable housing and improving connectivity is expected to drive further investment in similar projects across the country.
Looking Ahead: Project Timelines and Potential Impact
With a target completion date of 2027, the Manggarai apartment complex is poised to significantly impact the local housing market and improve the quality of life for commuters in Jakarta. The project’s success will likely serve as a model for future TOD developments across Indonesia, encouraging greater integration of residential spaces with transportation infrastructure. The availability of affordable housing options near major transportation hubs is expected to reduce commuting times, alleviate traffic congestion, and promote sustainable urban development.
The broader implications of KAI’s nationwide development plan extend beyond housing. These projects are expected to create thousands of jobs during the construction phase and stimulate economic growth in the surrounding areas. The increased connectivity and accessibility provided by the TODs will also attract investment and encourage the development of new businesses and services. The long-term benefits of these projects are expected to be substantial, contributing to Indonesia’s overall economic and social progress.
The next key milestone for the Manggarai project will be the commencement of construction in the coming months. KAI has not yet announced a specific start date, but the company has indicated that preparations are underway. Potential residents and interested parties can stay updated on the project’s progress through KAI’s official website and social media channels. The successful completion of this ambitious project will be a testament to KAI’s commitment to innovation and its role in shaping the future of urban development in Indonesia.
What are your thoughts on this new development? Share your comments below and let us know how you consider these TOD projects will impact Jakarta and other Indonesian cities. Don’t forget to share this article with your network!