He made the statement during the launch of the pre-cooperation program for Indonesia’s 3 Million Homes Development initiative on Wednesday.
Djojohadikusumo noted that the program could significantly impact the economy, particularly through the construction of millions of apartment units and rural homes, which are projected to increase the national growth rate by up to 2.5 percent annually.
“We’ve calculated that building over 3 million apartments and rural houses could raise economic growth by 1 to 2.5 percent per year,” he said.
He added that housing development would meaningfully improve the quality of life for younger generations—especially millennials and Gen Z—who continue to face challenges in accessing affordable, livable housing.
Beyond meeting basic needs, the social housing initiative aims to create a sustainable development ecosystem, offering renewed hope to tens of millions of families without access to proper housing.
Djojohadikusumo also stressed the importance of locating housing near mass transit systems such as MRT and rail lines, which would enhance daily efficiency, reduce travel time, and improve overall quality of life.
He described the program as a key instrument in the government’s broader efforts to build a better Indonesia, with far-reaching economic and social benefits.
At the launch event, PT Kereta Api Indonesia (KAI) and the Ministry of Housing and Settlement Areas (PKP) announced a partnership with Qatari investor Al Qilaa International Group to develop vertical housing as part of the 3 Million Homes initiative.
PT KAI President Director Bobby Rasyidin said the collaboration is a strategic move to optimize KAI’s land assets through the Transit-Oriented Development (TOD) concept. The initial phase will involve constructing 50,000 residential units on PT KAI-owned land within TOD zones.
The first development will be located in Kampung Bandan, Kemayoran, Jakarta, marking a joint commitment to national development and strengthening investment ties between Indonesia and Qatar.
The project will feature vertical housing such as smart towers, integrating modern living with facilities like schools, playgrounds, communal areas, and smart systems—designed to elevate community well-being.
Translator: Muhammad Harianto, Katriana
Editor: Aditya Eko Sigit Wicaksono
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