{"id":32458,"date":"2023-02-21T10:37:38","date_gmt":"2023-02-21T03:37:38","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=32458"},"modified":"2023-02-24T10:37:57","modified_gmt":"2023-02-24T03:37:57","slug":"indonesias-new-capital-breaks-ground","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-capital-breaks-ground\/","title":{"rendered":"Indonesia\u2019s new capital breaks ground"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Construction for Nusantara is set to start this year<\/span><\/p>\n<figure id=\"attachment_32459\" aria-describedby=\"caption-attachment-32459\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-32459\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_2122194923.jpg\" alt=\"\" width=\"1000\" height=\"563\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_2122194923.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_2122194923-400x225.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_2122194923-600x338.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_2122194923-768x432.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-32459\" class=\"wp-caption-text\">The new capital will be located in the Indonesian part of Borneo just 870 miles away from Jakarta. ArifKurniawanBPN\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Indonesia is moving its capital out of Jakarta and construction plans have been unveiled. According to design magazine <\/span><a href=\"https:\/\/www.dezeen.com\/2023\/01\/27\/indonesia-capital-nusantara-construction\/amp\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dezeen<\/span><\/a><span style=\"font-weight: 400;\">, the construction of 184 apartment blocks in Nusantara would mark the first stage of the new capital\u2019s development. Beginning with housing helps with the shift of the population of the city.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The city will be located in the Indonesian part of Borneo just 870 miles away from Jakarta. It is planned to start off with a population of 500,00, filling up the state palace with the members of the house of representatives and government offices alongside 14,500 civil servants, military, and police.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nusantara National Capital Authority (NNCA) Head Bambang Susantono told <\/span><a href=\"https:\/\/www.reuters.com\/markets\/asia\/indonesia-break-ground-27-bln-housing-project-new-capital-q2-2023-01-18\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Reuters<\/span><\/a><span style=\"font-weight: 400;\"> that the construction is set to begin in the second quarter of 2023. With the essential infrastructure already starting, the government is planning on relocating some of its administrations and civil servants by 2024. Around IDR41 billion (USD2.7 billion) will be spent for the population\u2019s shift into the capital, as well, with Susantono having negotiated with three private developers for the housing project.<\/span><\/p>\n<p><a href=\"https:\/\/www.globalconstructionreview.com\/indonesia-to-start-building-184-towers-in-new-capital-this-year\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Global Construction Review<\/span><\/a><span style=\"font-weight: 400;\">, a publication by The Chartered Institute of Building (CIOB), reported that the city\u2019s 6.6-hectare zone would have multiple buildings for ministries and state purposes, alongside the housing and the State Palace. Overall, the project is projected to cost about IDR486.5 billion with 80 percent of its funds coming from private investments. Indonesian President Joko Widodo plans for the government administration\u2019s relocation in time for Independence Day on the 17th of August 2024.<\/span><\/p>\n<p><em>The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noreferrer noopener\">propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction for Nusantara is set to start this year<\/p>\n","protected":false},"author":9,"featured_media":32459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[154,2653,2330],"class_list":["post-32458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-indonesia","tag-new-capital","tag-relocation","news_country-indonesia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Indonesia\u2019s new capital breaks 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