Not Just After Profit, Jakpro is Ready to Become a Developer of Integrated City of Jakarta 

President Director of PT Jakpro Iwan Takwin/PHOTO: Diah Ayu-VOI

JAKARTA - PT Jakarta Propertindo (Perseroda) or Jakpro is preparing a transformation of its role into a City Master Developer to orchestrate the development of areas in Jakarta in an integrated manner. This change of direction is in line with the vision of the DKI Jakarta Provincial Government to make Jakarta a global city that is competitive and sustainable.

As a Regional Owned Enterprise (BUMD), Jakpro has a dual role. On the one hand, the company carries out various strategic development projects that have a wide impact on the public. On the other hand, Jakpro is still required to maintain healthy business performance as a regional company entity.

President Director of PT Jakpro Iwan Takwin said the principle of sustainability is part of the company's strategy in carrying out every project and development assignment.

"Jakpro not only ensures that projects can be completed properly, but also ensures that every development process pays attention to measurable social and environmental impacts. Therefore, sustainability reports are an important instrument to ensure accountability and consistency in the application of sustainability principles across all business lines," said Iwan at Taman Ismail Marzuki, Central Jakarta, Friday, March 6.

In its long-term plan, Jakpro has drawn up a roadmap for the transformation of the company. The initial stage begins with strengthening the organization's foundation and corporate governance, then continues with the activation and development of integrated areas.

The next phase is the integration and consolidation of a portfolio of professionally managed and sustainable areas. This scheme is an effort by the company to balance the mandate of public development with the strengthening of the business model.

Head of the DKI Jakarta Provincial BUMD Development Agency Syaefullah Hidayat assessed that the transformation of Jakpro needs to be seen in the context of long-term investment in city development.

"In the framework of BUMD supervision, the DKI Jakarta Provincial Government does not assess the performance of BUMD solely from the achievement of annual profits. BUMD such as Jakpro carries out strategic assignments with a long-term investment character. Therefore, its performance needs to be read in its entirety - covering governance, business sustainability, risk management, and its contribution to city development," said Syaefullah.

According to him, the change in the role of Jakpro is also part of efforts to strengthen the management of regional assets and investments.

"This transformation is not merely a change in business models, but part of an effort to ensure that public assets and regional investments are managed professionally, accountably, and provide sustainable economic and social benefits for Jakarta," he said.

Within this framework, Jakpro is also directed to develop a transit-oriented area or Transit Oriented Development (TOD). This concept integrates residential areas, mobility, and economic activities around mass transportation nodes.

Deputy Special Staff Coordinator for the Governor of DKI Jakarta Prastowo Yustinus said Jakpro's contribution was not only seen from one project or annual financial performance.

"The DKI Jakarta Provincial Government considers Jakpro as a strategic instrument of city development policy. Its contribution is not only measured by one project or one financial figure, but by how the development strengthens mobility, the quality of urban space, economic competitiveness, and Jakarta's positioning at the global level," said Prastowo.

He assessed that the impact of city development is often cross-sectoral and only visible in the long term. "The success of urban development must be read holistically - looking at the impact of macroeconomics, social, environmental, and long-term benefits for citizens," he continued.

In addition, Jakpro also said it would prioritize international environmental standards in every development project. This step is associated with Jakarta's target of achieving net zero emissions by 2050.

Entering 2026, Jakpro carries the theme of the "Foundation First & Grow Together" strategy. The company emphasizes strengthening the business foundation as well as optimizing the assets owned.

The steps include improving the legality of assets, refining the business model, and increasing collaboration with external partners to create long-term economic value for Jakarta.