Jakarta MRT seeks international investors for five transit-oriented projects across Indonesia’s capital
MRT Jakarta is seeking investors from Singapore and other international markets for five transit-oriented development projects, including major redevelopment opportunities in Blok M and Lebak Bulus.
- MRT Jakarta presented five transit-oriented development opportunities to international investors in Singapore.
- Blok M and Lebak Bulus are among the major projects being promoted for investment.
- Investors would participate through partnerships while government ownership of land would remain unchanged.
Jakarta's MRT operator is seeking investors from Singapore and other international markets to participate in several transit-oriented development (TOD) projects across the Indonesian capital.
PT MRT Jakarta (Perseroda) presented the opportunities at the TOD Investment Forum 2026 in Singapore on 24 September, as the company expands its search for international partners for developments around MRT stations.
The forum, themed “From Singapore to Jakarta: Capitalizing on Urban Density and Connectivity”, brought together investors, developers, financial institutions, government officials and strategic partners to discuss projects led by MRT Jakarta and Jakarta's regionally owned enterprises (BUMD).
Five projects offered to investors
MRT Jakarta presented five development opportunities at the forum:
- Kali Besar Heritage
- Ultimate Development Blok M
- Blok M Interchange
- XGL Mixed-Use
- Lebak Bulus Interchange Bus Terminal, Park and Ride, and Mixed Use
M. Iqbal Bimo Arifianto, head of MRT Jakarta's Property Management Division, said the company was seeking international investors who could provide both capital and experience in developing TOD projects.
“Investors not only bring funding for Jakarta's development, but also knowledge of how they develop TOD projects there,” Iqbal said, according to ANTARA.
MRT Jakarta has not set a fixed investment target for the projects. Instead, it is presenting individual assets and development opportunities to potential partners. An individual asset could also involve more than one investor.
The company had previously focused mainly on domestic investors but is now expanding its outreach to international investors, particularly those from Singapore and other Southeast Asian countries.
Blok M among the main opportunities
The redevelopment of Blok M, a major commercial and transport district in South Jakarta, is among the projects being promoted to foreign investors.
MRT Jakarta is preparing an Ultimate Development Blok M project that would develop the area as a larger mixed-use TOD district, integrating transport facilities with commercial and other urban functions.
The company has previously examined TOD models in cities including Hong Kong, where railway infrastructure is integrated with property development.
MRT Jakarta has said the Blok M development is expected to require substantial investment, with the company looking for partners that can participate in individual components of the development rather than relying on a single investor.
Other opportunities include the Lebak Bulus site, which combines a bus terminal, park-and-ride facilities and mixed-use development.
Foreign investors will not own the land
MRT Jakarta's efforts to attract foreign investment do not involve the transfer of government land ownership to overseas investors.
MRT Jakarta does not own the land used for TOD developments. Instead, it has a mandate to manage transit-oriented areas along the MRT corridor under Jakarta's regulatory framework.
Potential investors would participate through partnership arrangements such as joint ventures or joint operations with MRT Jakarta and relevant Jakarta-owned enterprises.
M. Iqbal Bimo Arifianto said the exact structure and duration of the partnerships, including arrangements for the use of government-owned assets, were still being formulated.
Under the proposed model, land ownership would remain with the government while MRT Jakarta and investors could establish a joint entity to manage and develop designated areas.
Projects use several financing models
MRT Jakarta said its TOD developments are designed to use several financing mechanisms rather than relying solely on Jakarta's regional budget.
Potential mechanisms include direct investment, business partnerships, land leases, contributions associated with additional floor-area ratios and other forms of creative financing.
For international investors, joint ventures and joint operations are among the structures being considered.
MRT Jakarta said the focus at this stage was on identifying suitable assets and matching them with potential investors, rather than setting a single investment value for the overall TOD programme.
Jakarta seeks international expertise
The Singapore forum was also intended to introduce Jakarta's TOD development plans to investors with experience in dense urban environments.
MRT Jakarta said international partners could contribute expertise in developing integrated transport and property projects in addition to financing.
The projects are intended to combine public transport facilities with commercial, residential and public-space functions around MRT stations.
Jakarta has previously sought to develop TOD areas around its MRT network to encourage greater integration between different modes of transport and surrounding urban districts.
The city is also developing a broader pipeline of TOD projects, including areas around Kota Tua-Glodok, Dukuh Atas, Thamrin, Blok M and Lebak Bulus.
The Singapore investment forum follows Jakarta Governor Pramono Anung's June meeting with Singapore Prime Minister Lawrence Wong, after which MRT Jakarta and Jakarta's BUMDs began pursuing opportunities to attract Singaporean participation in the city's TOD programme.
For the projects currently being offered, the next stage involves identifying investors and determining the specific partnership structures, investment requirements and terms for individual government-owned assets.
