The National Capital Moves To East Kalimantan, Jakarta Is Believed To Still Function As A Commercial City

JAKARTA - Property consultant Colliers Indonesia assesses that Jakarta will continue to function as a commercial and business city if the State Capital (IKN) or the new capital city officially moves to East Kalimantan.

"If we see that this IKN, in principle, will not immediately replace Jakarta's function as a commercial city. So it seems that according to our estimates, for the next 10 years, Jakarta will still be the main attraction for property industry players," said Senior Associate Director Research Colliers Indonesia Ferry Salanto as quoted by Antara, Monday, January 10.

According to Ferry, the development of the property sector in IKN itself requires a process and time. This IKN has prospects, especially if later there is a policy from the government that ASN is required to be located there.

"For IKN, it may still take a bit of time, even though there are already some developers who are eyeing the area there," he said.

Previously, the Minister of Finance (Menkeu) Sri Mulyani said that the price of land in the new IKN candidate areas would soon increase due to massive infrastructure development, in line with the plan to move IKN from DKI Jakarta to East Kalimantan.

Sri Mulyani asked the landowners in the prospective IKN areas in East Kalimantan to carefully plan how life would be in the future when IKN moved from Jakarta.

The development of IKN in East Kalimantan is a form of the president's partiality to the island of Borneo. Therefore, Sri Mulyani hopes that the human resources (HR) in the new IKN candidates can continue to be improved, so that the role of the Kalimantan Institute of Technology (ITK) is very important.

Meanwhile, he explained that the state assets that will be left in Jakarta will still be managed by the government, so the laws governing them will be finalized.