What happened
On 6 October 2026, at Blok M Hub in South Jakarta, city owned metro company PT MRT Jakarta (Perseroda) presented its design concept for an overhaul of the Blok M area. Branded Ultimate Development Blok M, the project merges a bus terminal, housing, a hotel, shops and public areas into a single complex around a transport hub.
Jakarta Governor Pramono Anung attended, along with MRT Jakarta's chief commissioner Heru Budo Hartono and representatives of listed developer Intiland Development, which is partnering on the project.
Five planned changes
MRT Jakarta president director Tuhiyat outlined five main transformations. The first is a modern terminal that is fully integrated with the rest of the transport network.
The second is mixed use development. Tuhiyat described the Blok M and ASEAN area as becoming accessible, inclusive and dynamic. The third focuses on connectivity, so pedestrians can move easily between transport modes and between different parts of the district.
The fourth is a new commercial draw combining food, lifestyle retail and public areas. The fifth covers open space, which will be greener, more comfortable for socialising and five times larger than today.
Timeline and investors
Work will be phased. The terminal and retail areas are scheduled to be finished and operating in 2029. The mixed use buildings, including housing and a hotel, will follow gradually in later years, with no firm dates given.
On 24 September, M. Iqbal Bimo Arifianto, who heads property management at MRT Jakarta, gave more detail. He said the area would gain apartments, a hotel and commercial space, and that Blok M Hub faces a major revamp in the coming months, likely including a tower. The company plans to look for partners and investors for it.
At this stage it is a design concept. The number of homes, hotel rooms, total project cost and investor terms have not been made public.
The TOD model on public land
The scheme is part of MRT Jakarta's strategy to make better use of land owned by the Jakarta provincial government. The company develops areas on the TOD model, short for transit oriented development, which clusters homes, offices and shops within walking distance of stations.
Blok M is meant to become a showcase for a modern terminal that puts pedestrians first. MRT Jakarta has already been talking to neighbouring buildings, including Blok M Square and Pasaraya, about plugging them into the new complex.
What it means for Bali
For Bali the project is a useful benchmark. Indonesian buyers and investors are getting more options in the capital to put money into apartments and hotels next to the metro. That is the same pool of domestic capital that might otherwise flow into island villas.
Bali has no metro and no TOD districts. Villa value there rests on different things: views, distance from noise, and access to beaches or rice terraces. So direct competition for the same buyer is narrower than it might appear.
The bigger signal is structural. The project shows a state company turning provincial land into commercial property together with a private partner. If similar projects reach Bali, for example around the airport or new roads, they could reshape where demand concentrates.