Jakarta authorities are moving to revive a series of stalled apartment projects linked to Greater Jakarta’s light rail transit (LRT) network, with state asset fund Danantara announcing plans to inject 456 billion rupiah (approximately US$25.6 million) to resume construction. The initiative targets 12 apartment developments under the management of PT Adhi Commuter Properti (ADCP), a subsidiary of the state-owned construction company PT Adhi Karya.
The projects, collectively known as LRT City, have faced significant delays, impacting thousands of buyers who have waited years for their apartments. The developments are strategically connected to the Greater Jakarta LRT and commuter line stations, aiming to bolster transit-oriented urban living. Locations for these projects include several regions in Jakarta—Tebet, Ciracas, Cibubur, and Ciputat—as well as surrounding West Java areas such as Bekasi, Bogor, Cisaulk, and Sentul.
Deputy State-Owned Enterprises Minister Aminudin Maruf outlined the government’s commitment to revitalizing all 12 sites, prioritizing those with stronger sales and clearer commercial feasibility. "We have a plan to develop all 12 locations," Aminudin said following discussions with Adhi Karya officials. He is scheduled to visit the project sites within the week, with a buyer meeting planned for October 1 to address outstanding issues. A comprehensive resolution plan is expected by mid-October.
The LRT City initiatives, launched in 2016, encountered setbacks triggered by weaker property demand, which adversely affected ADCP’s cash flow, according to PT Adhi Karya President Director Moeharmein Zein. The company reported about 5,400 apartment units sold across the projects, with approximately 3,000 units delivered and 2,400 units still pending handover. Moeharmein noted that market conditions fell short of initial projections, citing the 2018 economic crisis and the COVID-19 pandemic as major contributors to the financial strain.
The development status varies significantly across the projects. Some are nearing completion and primarily require finishing work such as ceiling and window installation, while others still face substantial construction demands. Financial reports indicate continuing challenges, with ADCP recording a negative cash flow of 900 million rupiah as of June 2026 and an increasing monthly deficit.
Specific project timelines differ widely. For example, the LRT City Jatibening development aims for completion within the current year, whereas LRT City Bekasi Timur Green Avenue owners may face delays extending to 2038. Meanwhile, handovers for LRT City Tebet are projected around 2033.
The Greater Jakarta LRT network, distinct from the city’s Jakarta LRT serving the Kelapa Gading-Manggarai corridor, is both constructed and maintained by Adhi Karya. Train manufacturing is handled by state-owned PT Industri Kereta Api Indonesia (Inka). On Wednesday, President Prabowo Subianto inaugurated the latest extension of the Jakarta LRT, which now connects Kelapa Gading in North Jakarta with Manggarai in South Jakarta, reflecting ongoing efforts to expand the city’s public transportation infrastructure.