World

Housing in new Indonesian capital city attracts foreign investors

The housing sector is currently the most attractive area, with many investors from countries such as the US, Turkey, Spain, and Brunei having committed capital to this sector.

Illustrative image (Photo: en.tempo.co)
Illustrative image (Photo: en.tempo.co)

Jakarta (VNA) - The development of Indonesia’s new Nusantara Capital City (IKN) continues to attract strong interest from international investors, with public-private partnership (PPP) investment currently thriving, particularly in the housing sector, reflecting their strong confidence in the vision of transforming IKN into a new hub of national progress and modernity.

Minister of Public Works and Public Housing and Head of the IKN Authority Basuki Hadimuljono stated that investment activities in IKN are becoming increasingly tangible. The housing sector is currently the most attractive area, with many investors from countries such as the US, Turkey, Spain, and Brunei having committed capital to this sector.

In addition to housing, PPP schemes are also progressing in the Road and Multi-Utility Tunnel (MUT) sector. Five potential investors from China, Malaysia, and Indonesia are currently drafting their feasibility studies and preparing for document evaluation. The indicative total investment value is estimated at 71.8 trillion IDR (4.4 billion USD), with 55 trillion IDR coming from foreign sources.

The IKN Authority stressed that PPP has become the backbone of sustainable, inclusive development in Nusantara Capital City, which is now increasingly open to international cooperation. The growing interest from both domestic and global investors reflects improvements in governance and streamlined processes implemented over the past few quarters.

Basuki also affirmed that the Indonesian Government is committed to removing unnecessary administrative barriers through inter-agency coordination, in order to strengthen trust within the business community.

The growing interest from both domestic and international investors serves as clear evidence of the effectiveness of the investment reform policies currently being implemented by the government, he added./.

VNA
#Nusantara Capital City #Indonesia #housing #public-private partnership Indonesia
Follow VietnamPlus

Related News

Jakarta at night (Photo: VNA)

Indonesia launches creative economy investment fund

Indonesia has unveiled a new investment fund worth 5 trillion IDR (approximately 312.5 million USD) aimed at strengthening its creative economy and positioning the nation as a global cultural innovation hub.

See more

A voter casts her ballot in the general election at a polling station in Yangon, Myanmar. (Photo: Xinhua/VNA)

Myanmar begins second round of general election

This is the first election in Myanmar since the military government assumed power five years ago. A total of 57 political parties are participating in the election, including six parties running nationwide, with around 5,000 candidates vying for seats in the parliament.

A healthcare worker performs a swab test on a patient during influenza symptom screening at a community health centre in Banten, on January 7, 2026. (Photo: antaranews.com)

Indonesia reports first death related to so-called super flu

Yovita Hartantri, head of the New and Re-emerging Infectious Diseases Team at Hasan Sadikin Regional Hospital in Bandung, said the hospital treated 10 patients with influenza A subclade K between September and November last year. The patients exhibited a range of symptoms, with at least three developing severe complications.

Thailand enters technical deflation: Expert

Thailand enters technical deflation: Expert

Associate Professor Thanavath Phonvichai, President of the University of the Thai Chamber of Commerce and Chairman of the Centre for Economic and Business Forecasting, attributed the current bout mainly to lower production costs, particularly cheaper fuel and persistently low agricultural prices.

Indonesia spots four Sumatran tigers at national park

Indonesia spots four Sumatran tigers at national park

Camera traps installed in Bukit Tigapuluh National Park of Indonesia have recorded four individual Sumatran tigers (Panthera tigris sumatrae), providing strong evidence that the conservation area's ecosystem remains well preserved.

Deputy Prime Minister and Agriculture Minister of Thailand Thammanat Prompao (Photo: The Nation)

Agricultural envoys ordered to boost Thai crop exports

Deputy Prime Minister and Agriculture Minister of Thailand Thammanat Prompao said that the ministry is prioritising a “market-led, innovation-supported, higher income” strategy, built on three key pillars: strengthening confidence in core, established markets to protect Thailand’s market share; targeting high-potential products to open new opportunities, including dried seahorses, dried geckos, live crocodiles for consumption, and breeding crocodile parent stock for farming; and expanding networks by deepening cooperation with key trading partners, including China, and widening sales channels, such as digital platforms, so Thai products can reach consumers more directly.

Illustrative image (Photo: Internet)

Thailand maps out national semiconductor strategy

Under the strategy, Thailand will prioritise power, sensor, photonics, discrete and analog semiconductors, which are closely linked to the country’s established electronics manufacturing base and supply chains serving the automotive, energy, data centre and industrial sectors.