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Developers propose themed districts in Nusantara
Local property firms coined an idea to build foreign-themed townships like Koreatown and Middle East town, in a bid to attract investment for the future capital city.
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This photo taken on Nov. 2, 2023, shows nighttime construction work for the Nusantara Central Government District (KIPP) at the Nusantara Capital City (IKN) in East Kalimantan. President Joko “Jokowi“ Widodo's administration aims for the KIPP to be finished by Aug. 17, 2024. (Antara/Hafidz Mubarak A)
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ocal developers are advocating to build themed districts as part of the Nusantara Capital City (IKN) with potential concepts including a Koreatown and Middle East town, in a bid to attract investment for the future capital city.
Real Estate Indonesia (REI), which houses property firms in the country, said these districts could allow the IKN project to replicate the success of Jakarta’s metropolitan expansion through township development surrounding its periphery.
These themed townships would require large-scale land development in Nusantara’s second ring. The first ring is pegged for the Nusantara Central Government District (KIPP) that includes state palace, the ministries and the House of Representatives.
Rusmin Lawin, REI deputy chair for foreign relations, highlighted the appeal of these themed districts. “The idea is to let people experience the ambiance of their favorite countries without having to go abroad,” Rusmin told The Jakarta Post on Friday.
While the group suggested a township layout for the development plan, the government has only provided some investors with land plots.
Read also: More investors flock to Nusantara core govt area, IKN authority claims
Real estate giants registered with REI like the Intiland Group and Ciputra Group had shown interest in the township project, said Rusmin, who is also the IKN Authority special staffer for regional economic area development and peer regions.
