Transit Oriented Development: The Future of Jakarta

Posted on : The Jakarta Post, 24 March 2018
HARIZUL AKBAR NAZWAR, B.Eng., M.Ec.Dev., MAPPI (Cert.)
(Certified Property Valuer & Real Estate Analyst at Amin, Nirwan, Alfiantori & Partners Valuation Firm)

According to a report from the United Nations, the world population growth is expected to touch 6.3 billion in 2030, of which 94% of the figure is contributed by developing countries including Indonesia. While there is an estimation of about 828 million people in developing countries will live in slums and live in homes that are unfit for habitation. This indicates that there are still many people who do not have the ability to have a decent and affordable home. Therefore, it becomes a logical consequence for our country, to control the problem of housing needs with an appropriate and effective approach. One of the solutions used in the context of housing needs is the procurement of affordable housing. (more…)

TRANSIT ORIENTED DEVELOPMENT: AN INCENTIVE FOR PROPERTY VALUE

21st Asean Valuers Association Congress – Yogyakarta, Indonesia – 26 December 2018
Prepared by: HARIZUL AKBAR NAZWAR, B.Eng., M.Ec.Dev., MAPPI (Cert.)
(Certified Property Valuer & Real Estate Analyst at Amin, Nirwan, Alfiantori & Partners Valuation Firm)

 ABSTRACT

 Jakarta’s massive economic growth has caused many people to urbanizing with economic motives, either investment or job seeking, resulted massive urbanization and urban agglomeration. Greater Jakarta (Jabodetabek) as a business center and state’s capital has experienced a population growth of 1.3 times over the period 2000 – 2010 with an average population growth of 2.8% per year which has a total population of 31 million people. This trend led to some serious problems, which are housing backlog, urban sprawl, and traffic congestion. (more…)