Jokowi Says Investing in Nusantara Capital City Means Owning the Future
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4 June 2024 19:16 WIB
TEMPO.CO, Jakarta - President Joko Widodo or Jokowi said that investing in the Nusantara Capital City or IKN is like owning the future. He said this while groundbreaking the Astra Biz Center and Nusantara Botanical Garden in the new capital project.
According to Jokowi, land prices in the new capital city are still affordable since the construction is ongoing. However, he warned that the situation will be different once construction starts wrapping up, including the Balikpapan-IKN toll road and the IKN VVIP Airport.
"The land will be gone if you change your mind (about purchasing land) in IKN later,” he said during his speech on Tuesday, June 4, 2024, virtually monitored by Tempo from the Presidential Secretariat's YouTube channel.
The former Governor of Jakarta said the price of land in IKN is currently around Rp400,000 to Rp800,000 per meter. Meanwhile, in Balikpapan, land prices have reached Rp1 million per meter.
Jokowi stated that these prices could change at any minute, depending on the Head of IKN Authority’s policy and market demand. "If the demand is high, the prices will automatically go up," he said.
Moreover, Jokowi claimed that UAE-based property company Emaar Properties plans to invest in the new capital city. Without mentioning the exact figure, Jokowi said the investment is “really huge.” The investment agreement is expected to be signed in July 2024 in Abu Dhabi.
“After that, the land prices could change,” he concluded.
RIRI RAHAYU
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