PT JAKARTA PROPERTINDO

What PT JAKARTA PROPERTINDO does

PT Jakarta Propertindo (Jakpro/PERSERODA) is a Provincial Government-Owned Enterprise (BUMD) fully owned by the DKI Jakarta Provincial Government, operating across four business lines: real estate/properties, infrastructure, utilities, and ICT. Founded in 1960 and headquartered in Central Jakarta, the company develops and manages a portfolio of marquee urban assets including Jakarta International Stadium (JIS, an 80,000-capacity FIFA-standard venue in North Jakarta), an Olympic-standard Velodrome, the international Jakarta E-Prix Formula E circuit, and the LRT Jakarta light rail transit system. Jakpro executes urban development projects either directly, in collaboration with corporate clients, or through managed property services, and distributes its services through six wholly-owned subsidiaries (Pulomas Jaya, J. Konsultindo, Jakarta Infrastruktur, Jakarta Utilitas, Jakarta OSES, LRT Jakarta) and nine affiliates within the broader Jakarta government-owned enterprise ecosystem.

The company's core technology centers on smart-city ICT infrastructure and integrated urban technology solutions for Jakarta, with managed assets combining event-driven sports and entertainment (Formula E Jakarta, Persija football matches, large concerts) alongside mass-transit operations (LRT Jakarta Phase 1B) and the upcoming expansion project. Its business model combines direct government contract execution (as a PERSERODA executing Jakarta urban development mandates), revenue from managing and monetizing major event venues through anchor tenants and event hosting fees, property development and management across Developed, Corporated, and Managed modes, public utility services delivered via subsidiary Jakarta Utilitas, and B2B consulting for corporate and international investors. The customer base is anchored by DKI Jakarta Provincial Government and affiliated agencies, with secondary segments in corporate clients seeking asset management partnerships and Jakarta residents benefiting from integrated settlements, public facilities, and community programming.

The company markets services primarily through its official website, press releases, hosted community events, and direct B2B consulting outreach to corporate and international clients. Geographic operations are concentrated exclusively within Jakarta Province as a captive BUMD, though B2B consulting outreach targets international investors seeking Indonesian urban development exposure. Multiple 2025 milestones — including the LRT Phase 1B announcement, the Persija home stadium MOU, MRT Jakarta procurement integration FGD, and major concert hosting at JIS — indicate an active phase of asset commercialization and infrastructure expansion.

Name

PT JAKARTA PROPERTINDO

Legal name

PT Jakarta Propertindo Perseroda

Website

https://jakarta-propertindo.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

101–250 employees

Short description

PT Jakarta Propertindo (Jakpro/PERSERODA) is a DKI Jakarta Provincial Government-owned enterprise that develops and manages urban infrastructure, real estate, utilities, and ICT across Jakarta, including Jakarta International Stadium, LRT Jakarta, and event venues, primarily serving the DKI Jakarta government and affiliated state-owned entities.

Ownership category

akta.pro rank

Product category

Urban Infrastructure and Real Estate Development

NAICS

Executive, Legislative, and Other General Government Support (921), Administration of Housing Programs, Urban Planning, and Community Development (9251), Utility System Construction (2371)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Public Bldg & Related Furniture (2531), Non-Operating Establishments (9995)

akta.pro primary industry

Infrastructure Planning, Capital Programs & Project Delivery Offices (PMOs) (BPAIALAJ)

akta.pro secondary industries

State/Provincial Transportation, Roads & Public Works Administration (BPAIABAK), Public Property & Asset Management (Federal Buildings, Fleet, Land) (BPAIAAAJ)

Keywords

• Urban infrastructure development
• Real estate development
• Public utility management
• Smart city solutions
• Government-owned enterprise

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Real Estate Development: Development of residential, commercial, and mixed-use properties across three modes: Developed (direct development for economic, social, and environmental benefit), Corporated (collaboration with corporate clients in asset management), and Managed (property management services for client business income and consumer reach).
2. Infrastructure Development: Public facility development including stadiums (JIS, Velodrome), transit infrastructure (LRT Jakarta), and event venues. Revenue generated through project contracts, naming rights, and event management.
3. Utilities Management: Sustainable public utility facilities developed and managed in collaboration with partners, serving Jakarta residents.
4. ICT and Smart City Solutions: Integrated technological innovation services providing humane, practical, efficient, and connected smart city solutions for Jakarta.
5. B2B Consulting Services: Consultation services in planning, spatial planning, and architecture for corporate and international clients seeking to invest in Indonesia, with flexible, quality-managed, and diversified sector capabilities.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

PT Jakarta Propertindo (Jakpro/PERSERODA) is a Provincial Government-Owned Enterprise that develops and manages urban infrastructure, real estate, public utilities, and ICT solutions across Jakarta. Its portfolio includes development and operation of major public assets such as Jakarta International Stadium (JIS), the Velodrome, Jakarta E-Prix circuit, and LRT Jakarta, alongside residential, commercial, and mixed-use property development and smart-city ICT services.

Product overview

PT Jakarta Propertindo (JAKPRO) is a Province-Owned Enterprise (Perseroda) that operates as a multi-product platform across four core business lines: Infrastructure, Properties (Real Estate), Utility, and ICT (Information and Communication Technology). The company develops, manages, and collaborates on assets including residential, commercial, and mixed-use properties, public facilities, and smart city technology solutions. JAKPRO also manages significant Jakarta assets including Jakarta International Stadium, the Jakarta E-Prix circuit, and Velodrome. The company offers B2B consulting services and operates subsidiaries including LRT Jakarta, Pulomas Jaya, Jakarta Infratama, Jakarta Utilitas, and Jakarta OSES.

Differentiator

Problem solved

Functional benefit

Products and services

• Infrastructure Development Public facilities (stadiums, transit, venues) connecting community and business activities, designed with human, aesthetic, and inclusive components for the DKI Jakarta Provincial Government and public.
• Properties (Real Estate) Development Integrated residential, commercial, and mixed-use property development oriented towards resident comfort and health, following sustainability principles and ecosystem development, serving Jakarta residents and corporate clients.
• Utility Services Public utility facilities developed according to sustainable principles in collaboration with partners, serving Jakarta residents and supporting livable urban development.
• ICT and Smart City Solutions Integrated technological innovation services for smart city living in Jakarta, providing humane, practical, efficient, connected, and sustainable solutions for residents and government partners.
• Developed Properties Residential, commercial, and mixed-use properties developed directly by Jakpro to provide economic, social, and environmental benefits for the community.
• Corporated Properties Collaborative asset management partnerships with corporate clients for generating income while providing benefits to the community.
• Managed Properties Asset management services for clients' business income and consumer connection, making Jakarta more livable.
• Jakarta International Stadium (JIS) FIFA-standard integrated stadium in North Jakarta accommodating 80,000 football fans, also used for concerts and community events.
• Jakarta E-Prix Circuit International e-Prix circuit hosting the annual Formula E championship race in Jakarta, Indonesia, at the International AGI Jakarta E-Prix Circuit.
• Velodrome Olympic-standard velodrome accommodating 3,000 cycling spectators, built for sporting events, professional athletes, and general public use.
• B2B Consulting Services Consultation services in planning, spatial planning, and architecture with flexible options, quality management, diversification across sectors, and international market access for corporate and international clients.
• LRT Jakarta Light Rail Transit system in Jakarta operated by subsidiary LRT Jakarta, including the Phase 1B expansion project which prioritizes connectivity and sustainability.

Quantifiable outcome

• Jakarta International Stadium (JIS) serves 80,000 football fans and hosts major concerts, demonstrating large-scale venue management capability.
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

16 partnerships are on record, tiered core and minor.

• Persija JakartacoreStrategic or Co-development Partner · 6 March 2025PT Jakarta Propertindo (Jakpro) officially designated Jakarta International Stadium (JIS) as the 'Home of Persija' through a formal MOU signed on March 6, 2025. Persija Jakarta is the capital city's major professional football club competing in BRI Liga 1, and JIS serves as their home stadium for league matches and community events.
• MRT JakartacoreStrategic or Co-development Partner · 1 January 2025MRT Jakarta and JAKPRO conducted a joint Focus Group Discussion (FGD) on procurement of goods and services to strengthen governance, discussing integration of e-Catalog and e-Procurement systems. This collaboration enhances operational synergy between the two Jakarta government-owned enterprises.
• Pulomas JayacoreStrategic or Co-development PartnerSubsidiary of PT Jakarta Propertindo, operating as part of the company's subsidiary network for specialized urban development and property management services.
• J. KonsultindocoreStrategic or Co-development PartnerSubsidiary of PT Jakarta Propertindo, providing specialized consulting services as part of the company's integrated urban development ecosystem.
• Jakarta InfrastrukturcoreStrategic or Co-development PartnerSubsidiary of PT Jakarta Propertindo, focused on infrastructure development across Jakarta, operating as a key execution arm for the parent company's infrastructure business line.
• Jakarta UtilitascoreStrategic or Co-development PartnerSubsidiary of PT Jakarta Propertindo, responsible for utility development and management, aligned with Jakpro's sustainable public utility services.
• Jakarta OSEScoreStrategic or Co-development PartnerSubsidiary of PT Jakarta Propertindo, operating within the company's ecosystem of urban development services.
• LRT JakartacoreStrategic or Co-development PartnerSubsidiary of PT Jakarta Propertindo responsible for Light Rail Transit operations in Jakarta, including the LRT Jakarta Phase 1B project which prioritizes connectivity and sustainability.
• CSJ (PT Jakarta SistemminorStrategic or Co-development PartnerAffiliate of PT Jakarta Propertindo, part of the broader Jakarta government-owned enterprise ecosystem.
• FoodStationminorStrategic or Co-development PartnerAffiliate of PT Jakarta Propertindo within the Jakarta government-owned enterprise network.
• JakLingkominorStrategic or Co-development PartnerAffiliate of PT Jakarta Propertindo, part of the integrated Jakarta transportation and urban mobility ecosystem.
• JTD (Jakarta Transportindo)minorStrategic or Co-development PartnerAffiliate of PT Jakarta Propertindo within the Jakarta government-owned enterprise ecosystem.
• JakartaRealityminorStrategic or Co-development PartnerAffiliate of PT Jakarta Propertindo, operating within the company's real estate and property ecosystem.
• KEK MarundaminorStrategic or Co-development PartnerAffiliate of PT Jakarta Propertindo, part of the KEK (Kawasan Ekonomi Khusus) Marunda special economic zone ecosystem.
• MUJONWJminorStrategic or Co-development PartnerAffiliate of PT Jakarta Propertindo within the Jakarta government-owned enterprise network.
• TransjakartaminorStrategic or Co-development PartnerAffiliate of PT Jakarta Propertindo, operating as Jakarta's main bus rapid transit operator, part of the integrated urban mobility ecosystem.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Summarecon Agung TBK: Indonesian private property developer with integrated township developments and mixed-use projects. Comparable in real estate development model and Jakarta market presence, with similar focus on integrated community-oriented developments and recurring property management.
• Sinar Mas Land: Major Indonesian private real estate developer with significant Jakarta and BSD City operations. Comparable in scale of mixed-use property development and integrated township projects, though operating as a private developer rather than government-owned entity.
• Ciputra Development TBK: Major Indonesian private real estate developer with significant operations in Jakarta and across Indonesia. Comparable in residential, commercial, and mixed-use property development, though Ciputra operates as a private listed developer rather than a government-owned enterprise.
• PT Surya Semesta Internusa TBK: Indonesian property and construction company with significant Jakarta operations including commercial real estate. Comparable in mixed-use property development and Jakarta market focus, though with private corporate ownership rather than government backing.
• MRT Jakarta: Sister Jakarta government-owned enterprise operating Jakarta's Mass Rapid Transit system. MRT Jakarta is both a strategic partner and direct peer in operating transit infrastructure under the same DKI Jakarta government supervision, with overlapping urban mobility and infrastructure responsibilities.
• PT Transjakarta: Jakarta's BRT (Bus Rapid Transit) operator and listed Jakpro affiliate. Transjakarta is a direct operational peer in urban transit under the same DKI Jakarta government ownership, with comparable governance structure and integrated urban mobility mandate.

Emerging players

• NEOM (Saudi Arabia): State-backed mega-development project building an integrated smart city in Saudi Arabia with similar mandate combining real estate, infrastructure, utilities, and ICT under a single government-owned development entity. Comparable as a thematic peer in government-driven integrated urban development and smart city delivery model.

Broad incumbents

• PT Waskita Karya (Persero) Tbk: Indonesian state-owned construction company focused on infrastructure including toll roads, bridges, and buildings. Comparable in state-owned enterprise status and infrastructure project execution model, with similar exposure to government-funded capital programs across Indonesia.
• PT Pembangunan Perumahan (PT PP): Indonesian state-owned construction and property developer with similar government-mandated project execution. PT PP operates across real estate, infrastructure, and EPC contracts nationwide, making it a broad incumbent peer to Jakpro's integrated urban development model within the broader Indonesian state-owned enterprise landscape.
• PT Adhi Karya (Persero) Tbk: Indonesian state-owned construction company specializing in infrastructure, including transit (LRT Jabodebek) and real estate. Operates as a broader state-owned contractor with similar exposure to government infrastructure projects, making it comparable in scale and mandate to Jakpro's infrastructure business line.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/jakprogroup
• Facebookfacebook.com/jakprogroup
• LinkedInlinkedin.com/company/pt-jakarta-propertindo

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT JAKARTA PROPERTINDO