The Head of the Nusantara Capital Authority (IKN), Basuki Hadimuljono, has set a target of IDR 60.93 trillion for investments in the housing sector to be made in IKN. This figure is based on the investment plans of six companies that are in the process of investing through government cooperation with business entities (KPBU) via the availability payment scheme. The investment process has been completed at the feasibility study stage.
The following companies have been identified as the investors: PT Nindya Karya (Persero) will build eight State Civil Apparatus (ASN) flats; Trinitiland Truba will build eight ASN flats; and PT Intiland Development Tbk will build 41 ASN flats and 109 landed housing units; IJM Corporation Berhad will build 20 ASN flats, Maxim will build 10 ASN flats; PT Ciputra Development Tbk. will build 10 ASN flats and 20 landed housing units. In 2025, there will be investment from the private sector worth IDR 1.2 trillion. Basuki has stated that the investment target for multipurpose tunnels (MUT) and roads in IKN is a Chinese consortium of IJM and BUMN, with a valuation of over IDR 70 trillion. The total IKN development budget from the 2022-2024 APBN is IDR 75.8 trillion. In addition, eight waves of groundbreaking IKN projects from the private sector are planned, with a total investment of around IDR 58 trillion.
