Indonesia 1 Skyscraper Revived After Five Years of Stagnation
Indonesia 1 Project, Jl MH THamrin, Central Jakarta(KOMPAS.com/Hilda B Alexander)
Jakarta, Kompas.com – August 15, 2025 – The ambitious
Indonesia 1 project, whose groundbreaking was inaugurated by Indonesia’s 7th President
Joko Widodo (Jokowi) in May 2015, has found new momentum after sitting idle for five years.
The project, which had stalled due to legal and financial hurdles, has been taken over by
Media Group through its subsidiary
PT Surya Indonesia Satu Property (SISP). This takeover brings fresh optimism and a new strategy to revive the construction of what is planned to be one of the tallest skyscrapers in the country.
From Groundbreaking to Acquisition
Initially developed by
PT China Sonangol Media Investment (CSMI) and
PT Media Properti Indonesia (MPI) under Media Group, the Indonesia 1 project was envisioned as a landmark with an estimated
gross development value (GDV) of IDR 8 trillion. The design includes
two supertall twin towers: the
North Tower at 306 meters and the
South Tower at 303.5 meters.
Once completed, the skyscraper is expected to transform the
Thamrin CBD skyline and become the second-tallest building in Indonesia, just behind the
Autograph Tower.
Autograph Tower, Thamrin, Jakarta.
However, construction came to a halt in
2020 due to legal disputes and payment issues with contractors, leaving the project abandoned and its future uncertain. A turning point came in
December 2021, when MPI acquired
100 percent of the shares from the previous owner, marking a new chapter for the dormant project.
New Strategy and Market Shift
Structural designer of Indonesia 1,
Davy Sukamta, confirmed that the project is currently undergoing an evaluation phase. He expressed confidence that construction will resume, with accelerated progress targeted for
early 2027.
“The project has already been taken over by Media Group (SISP),” Davy told Kompas.com on Wednesday (August 13, 2025).
As part of its new strategy, much of the original design—once planned primarily as office space—will be revised. The towers will now feature
apartments and hotels, aligning with current market demand.
This shift is expected to
accelerate project completion while also
delivering greater added value.
Integration with Plaza Indonesia
A major new feature will be a
connecting bridge, enhancing accessibility and integration. On
March 28, 2022, an
MoU titled “The Cooperation for Future Connecting Property Areas” was signed between
SISP,
Hankyu Hanshin Properties Corp (HHP), and
PT Plaza Nusantara Realti (PNR). The partnership aims to integrate
Indonesia 1 with the Plaza Indonesia complex, both physically and through joint management.
Contractor Challenges
Despite new ownership and strategy, challenges remain.
PT Acset Indonusa Tbk (ACST), the project’s main contractor, confirmed that it is still involved in ongoing discussions.
ACST’s Corporate Secretary,
Kadek Ratih Paramita Absari, stated that SISP’s obligations are being resolved in accordance with agreements between SISP and the
JO CCEED–ACSET consortium.
“In completing all projects, ACST always strives to fulfill agreements while prioritizing quality and safety in every implementation,” Kadek said.
A source from a mall and bridge management partner echoed this, describing their position as a
“supporting role”, which will only move forward once the main project resumes.
A New Chapter for Indonesia 1
With
clear ownership, a
revised development strategy, and
collaboration with strategic partners, the long-stalled
Indonesia 1 skyscraper now holds renewed hope of finally rising again — reclaiming its place as a future landmark in Jakarta’s skyline.
Meskipun proyek sudah berada di tangan pemilik baru, sejumlah tantangan masih harus diselesaikan.
www.kompas.com
/data/photo/2022/10/29/635d10d564849.jpeg)
Sarinah Mall - Thamrin Jakarta:quality(30):format(webp):focal(0.5x0.5:0.5x0.5)/jakarta/foto/bank/originals/STADION-BARU-PT-Jakarta-Propertindo-Jakpro-menyambut.jpg)
