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Jakarta Post

APLN claims 75% of reclaimed land buyers remain investing

  • Anton Hermansyah
    Anton Hermansyah

    The Jakarta Post

Jakarta   /   Thu, May 10, 2018   /   05:11 pm
APLN claims 75% of reclaimed land buyers remain investing Agung Podomoro Land second deputy president director Indra Widjaja Antono. (JP/Anton Hermansyah)

Property developer Agung Podomoro Land (APLN) has claimed that the majority of its customers who invest in reclaimed lands in North Jakarta have not pulled out their investments, despite policy uncertainty from the Jakarta administration. 

“At least 75 percent of the [reclaimed land] buyers stay, and they are still waiting for the updates,” said APLN second deputy president director Indra Widjaja Antono recently, adding that most of them were the company’s loyal customers. 

Indra said the remaining 25 percent of the reclaimed land buyers were shifting their investments to APLN’s other projects, most of whom invested their money in Podomoro City in West Jakarta, while the others bought properties in Podomoro Golf View in Cimanggis, Depok, West Java.

Jakarta Governor Anies Baswedan has scrapped draft bylaws on the North Jakarta coastal spatial plan and the zoning plan on coastal areas and small islands (RZWP3K), which served as the basis for continuing the reclamation of Jakarta Bay, from the city's legislation program (Balegda) this year. 

Read also: Supreme Court gives reclamation project green light

The publicly listed APLN was currently halting its activities on the reclaimed lands as it still was still for the government’s final decision on whether the reclamation project would be continued, Indra said.

"No single activity; we will obey the government and stay to the principles of good corporate governance," he said. (gda)