Developer Explains About Property Investors Will Enter IKN Origin...
Jakarta - Many foreign investors are interested in taking part in developing the Indonesian Capital City (IKN), which can be seen from the number of letters of interest (LoI) that have been submitted, one of which is in the property sector. However, more investors will enter IKN if much of the basic infrastructure has been completed.
Deputy General Chair of the Indonesian Real Estate DPP (REI) for Foreign Relations, Rusmin Lawin, believes that the appointment of Basuki Hadimuljono as Acting Head of the Authority and Raja Juli Antoni as Acting Deputy Head of OIKN is very appropriate. Because, it can raise the confidence of investors who want to invest their capital in IKN because in a matter of weeks the coordination improvements between OIKN and the Ministry of PUPR and the Ministry of ATR/BPN are very significant.
"REI assesses that the appointment of Basuki Hadimuljono as Acting Head of OIKN and Raja Juli Antoni as Acting Deputy Head of OIKN has raised the confidence of domestic and foreign investors," he said to detikcom, Friday (21/6/2024).
Rusmin continued, if the basic infrastructure at IKN is adequate and ready, it is not impossible that more foreign investors will want to work on their projects. For example, new property developers will be able to develop their business if the basic infrastructure is ready to use.
"Property developers need basic infrastructure before developing their property," said Rusmin, who also serves as President of FIABCI Asia Pacific.
"The step of appointing Basuki Hadimuljono as Acting Head of OIKN is very appropriate because OIKN and PUPR policies will be in harmony and can accelerate the procurement of basic infrastructure at IKN," he said.
Previously, Rusmin said that currently many foreign investors have signed a Memorandum of Understanding (MoU) for development at IKN. However, because it still requires approval from various ministries, currently no one has carried out a groundbreaking.
"Many foreign investments have already had MoUs, they have been in process since July last year. But because the PPP requires approval from Bappenas, PUPR, especially the Ministry of Finance because the scheme is a PPP. And hopefully in the 10th month some groundbreaking will be possible," he said to detikProperti , written Thursday (20/6/2024).
One of the projects that is said to be groundbreaking is the ASN flats which were built under the Government Cooperation with Business Entities (KPBU) scheme carried out by a company from Malaysia. However, this has not yet been done because it is still in the approval process from various ministries and is still in the stage of looking for land to work on the project.