Minister of Public Works and Public Housing Reveals Land Prices in IKN, Here are the details

"Minister of Public Works and Public Housing Reveals Land Prices in IKN, Here are the details"

Dream - Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono frankly revealed the price of land in the Nusantara Capital (IKN). As known, the Head of the IKN Authority can determine the price of land, this is stated in Presidential Regulation Number 75 of 2024 concerning the Acceleration of IKN Development. This policy was signed by President Joko Widodo (Jokowi) on July 11, 2024.

The following is the translation of the given 'Bahasa' text to 'English' while preserving any html tags: "This land price also serves as a reference for future investors. The Minister of PUPR revealed that the land prices in IKN vary from Rp400,000 to Rp800,000 per meter."

"Various prices depending on the location, ranging from Rp400.000 to Rp800.000 per meter,""

"ungkap Basuki who currently also serves as Acting Head of IKN Authority quoted from Liputan6.com, Tuesday, July 16, 2024."

Furthermore, Basuki explained that the price is applicable for zone 1A of the Core Government Center (KIPP) in IKN. This amount is also referred to as being determined since last year by the Public Appraisal Office (KJPP).

The price has also gone through a review process by the Financial and Development Supervisory Agency (BPKP). "Yes. But it was already determined yesterday in 2023," he said.

Basuki said that one of the land provisions that can be given to investors is the Right to Build (HGB) above the Land Management Right (HPL), so it is not in the form of pure HGB. According to him, that status can change after the establishment of a special regional government (pemdasus) in IKN.

"If it is stated in the law, pure HGB can be obtained after forming Pemdasus. Except for individual ownership. If it is for a company, once it is Pemdasus,"

"bebernya" in English is "some of it."

Further information regarding the authority of the Head of the IKN Authority, this position can determine the value of land as stated in Article 6 of Presidential Regulation 75/2024. In Article 6, it is mentioned that in order to implement the development of IKN, the Head of the Authority determines the value of land in IKN. There are two objectives, first, the management of Assets Under Control (ADP). Second, the implementation of investments in IKN in accordance with the provisions of the law.

"Furthermore, the land value that has been determined by the Head of the IKN Authority serves as a reference for the Ministry responsible for government affairs in the field of agrarian/land to establish the Land Value Zone."

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