With MRT Phase 3 project, can land prices in Cikarang race in Serpong?

The government has planned to build MRT Phase 3 which stretches from Balaraja in Banten to Cikarang in Bakasi, West Java. The sector that benefits most from infrastructure development is of course property. Secretary General of Real Estate Indonesia (REI) Hari Ganie revealed that developers will also try to increase property prices in eastern areas such as Cikarang to Karawang as in western areas such as Serpong. "In the west it is relatively stable, in Serpong 10 thousand hectares have become middle up areas, the average land price is above IDR 20 million/m2 (while) in the east the average is IDR 8 million, we are looking to try so that in the east it can "chase the average sales in the west," he said in CNBC Indonesia's Property Point, quoted on Friday (12/5/23). He further said that in the past 1-2 years, REI and developers from east Jakarta to Karawang have promoted the development of the eastern corridor several times. This is because the eastern region is an area that can be more developed than the west. "Kebon Nanas, Kunciran, Balaraja are middle, middle up have developed a lot and are dominated by large-scale housing, some have already been developed. East because it is very industrial, there are 27 thousand hectares of industrial areas, even wider segments from middle low, middle, middle up are open for housing," said Hari. The current connectivity is actually quite good, supported by the existence of toll roads from various sides, for example in the West there is the Jakarta-Merak Toll Road. Meanwhile in the East it stretches to Cikampek, Padalarang to Bandung. Meanwhile, south to Bogor, Ciawi and Sukabumi (Bocimi). However, public transportation plans will further mature the East-West Line area. "The government wants to expand to the eastern region because there is no water absorption. In the south of Puncak there is water absorption. West-East is an industrial corridor, in the west there is Balaraja, Cikupa, Pasar Kemis, all of which is industrial, in the east it is even more massive, there are 27 thousand hectares in Cikarang and its surroundings, even to Karawang," said Hari. Source: https://www.cnbcindonesia.com/news/20230512140133-4-436893/ada-proyek-ini-harga-tanah-di-cikarang-bisa-balap-serpong