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Indonesia ViewPoint - Jakarta real estate sector eagerly anticipates new mass transit rail system March 2017
- The completion of Phase I of the Jakarta Mass Rapid Transit (Jakarta MRT) in March 2019 is expected to begin to alleviate the city’s traffic gridlock and provide other benefits such as less time wasted in traffic and reduced fuel consumption.
- The real estate sector, particularly those areas along the new MRT lines and in close proximity to stations, is also expected to be a major beneficiary, with land prices already having risen significantly since construction of the MRT line began.
- This ViewPoint by CBRE Research assesses the impact of the Jakarta MRT on the city’s commercial and residential real estate sector and explains how investors and occupiers can best position themselves to capitalise on the opportunities created by the completion of this historic piece of new infrastructure.
- Also featured is CBRE Research’s analysis of the impact of the Bangkok mass transit system, the findings of which can be applied to the Jakarta MRT.