China and Japan Interested in Property Investment in IKN
11 Sep 2024
Chinese and Japanese investors are interested in investing in the property sector of Nusantara Capital (IKN). This was conveyed by the Minister of Public Works and Housing (PUPR), who is also the Acting Head of the IKN Authority (OIKN), Basuki Hadimuljono, when met at Taman Ismail Marzuki, Jakarta, on Thursday (August 8, 2024). "The two are from China and Japan. It's in the housing and property sector. Not just housing, there are hotels and offices," said Basuki. He revealed that OIKN has received 472 Letters of Intent (LoIs) from potential investors. After selection and evaluation, the number was reduced to 220 LoIs. "According to the previous evaluation, only around 220 can be considered as investors, as the others include contractors, consultants, and suppliers. I have asked for a response so they are not left hanging but get answers," Basuki stressed. Meanwhile, 45 investors have shown their seriousness, marked by the implementation of the groundbreaking for stages 1-6. "Of the 220, 45 have already done the groundbreaking. This afternoon, I will invite the remaining ones that have been evaluated. There are around 60 in progress, and we will try to accelerate this further," Basuki stated. https://ikn.kompas.com/read/2024/08/08/170000487/china-dan-jepang-tertarik-investasi-properti-di-ikn#google_vignette.
