OIKN: Housing Sector In IKN Needs IDR 150 Trillion Investment

The Capital Archipelago Authority (OIKN) said IKN needed investment income of up to IDR 150 trillion to build the housing sector.

OIKN Deputy for Funding and Investment Agung Wicaksono said, of the total IKN development costs of IDR 467 trillion, the majority of around IDR 375 trillion came from non-APBN or investment funds.

Including, to build a housing sector with a large portion of demand.

"In the data, the housing land provided for housing is 600 hectares (ha) at IKN and the estimated investment requirement is IDR 150 trillion," Agung said in the Market Sounding agenda of the Government Cooperation Scheme with Business Entity (KPBU) IKN for the housing sector at the Hotel

"So, if it's Rp. 350 trillion, that's Rp. 250 trillion from KPBU. So, Rp. 150 trillion is (investment needs) for housing," he continued.

Agung added that apart from the KPBU scheme, investors were also invited to participate in direct investment schemes that did not use government guarantees.

"Outside the KPBU scheme today, it will be an opportunity in the future. Examples are the provision of housing from ASN or low-income people (MBR)," he said.

According to him, IKN will be built into an inclusive city for every level of society. So, later for people who live there, it can be comfortable. Therefore, the government offers various investment schemes for the provision of housing projects.

"For example, the Nusantara Hotel, which was built by the Grand Sedayu Group Consortium, has 60 percent progress. The target is August 17, 2024, which has been used to accommodate VIP guests," he said.

"Where are hotel workers, hospitals, educator teachers in schools, there are opportunities outside the KPBU scheme today. Today's KPBU is safe (secure) because there is a guarantee that residents from the government as AS ASN begins to move," he added.