By Sebastian Strangio
June 04, 2024
A digital rendering showing the lay out of presidential palace compound at the new capital city is displayed at its construction site in Penajam Paser Utara, East Kalimantan, Indonesia, Wednesday, March 8, 2023.Credit: AP Photo/Achmad Ibrahim, File
The top two officials of the body overseeing the construction of Indonesia’s new capital Nusantara have unexpectedly resigned, government officials said yesterday, casting another pall of uncertainty over President Joko “Jokowi” Widodo’s signature project.
The $33 billion city is currently being carved from the verdant hills of East Kalimantan, some 1,300 kilometers from the current capital Jakarta, which is overcrowded, polluted, and subject to chronic flooding.
According to a report by the Jakarta Globe, State Secretariat Minister Pratikno confirmed to the media that Bambang Susantono, the head of the Nusantara Capital Authority (OIKN), and his deputy Dhony Rahajoe had resigned their posts.
He said that the pair, who were appointed to head up the OIKN in March 2022, had submitted their resignations several weeks ago, but that the presidential decree regarding their dismissal was only issued yesterday. Pratikno announced that the pair would be replaced by Public Works and Public Housing Minister Basuki Hadimuljono and Deputy Minister of Agrarian Affairs and Spatial Planning Raja Juli Antoni, until permanent replacements could be found.
It is not clear what motivated the resignations – Pratikno said that “the reasons were not stated in the resignation letter” – but they come at an uncertain time for the Nusantara project, which Jokowi has envisioned as the most concrete legacy of his decade in office. The city is intended as to avoid Jakarta’s pitfalls, and will “be inclusive, green, and sustainable,” as Bambang puts it in a quote still featured on the OIKN’s website. “The construction of a new city is more than just building its physical features,” he adds in the quote. “It is also about designing it in a way that promotes social cohesion and ensuring its residents live comfortably, fairly, and ideally.”
Perhaps unsurprisingly for such a costly and extensive project, the construction of Nusantara has moved forward at a sluggish pace since its ground breaking in mid-2022, struggling to attract the billions of dollars in private investment that it will require. (The government intends to fund less than a fifth of the cost itself.)
The resignations therefore raise questions about Jokowi’s plans for the city to be sufficiently ready in time for him to host this year’s official independence day celebrations there on August 17. As the Jakarta Post reports, the government plans to relocate a handful of cabinet members to Nusantara as early as July, and is currently building the infrastructure necessary for the relocation of the first batch of civil servants – some 12,000 of them – in September.
The government said late last year that basic infrastructure construction for the new capital was nearly 63 percent complete, and that it was on schedule for completion by the end of 2024. But the planned relocation of civil servants and cabinet members in August has been delayed due to the slow pace of construction.
The government insists that the resignations at OIKN will not affect the project’s progress. “The development of new capital will be continued in line with the shared vision that has been established,” Jokowi said in a post on his official Instagram account yesterday. The Indonesian leader is scheduled to visit Nusantara today to inaugurate several projects, including schools, BenarNews reported.
Addressing the press yesterday, Basuki said that the basic infrastructure was now 80 percent complete, and that “expediting investment and land acquisition” would be his priorities as acting head of the OIKN.
“We will soon decide on the status of the land,” he said, according to Reuters. “Whether we sell it, rent it or if there will be cooperation between government and companies, we will speed it up so that investors won’t have any doubts.”
While President-elect Prabowo Subianto, who takes office in October, has pledged to continue developing the Nusantara project, observers say that the abrupt resignations raise questions about the future of the project, which will require years of sustained effort in order to fulfill, even partially, the government’s ambitious vision. “These resignations will make people question the project,” Arya Fernandes, an analyst at Indonesia’s Centre for Strategic and International Studies told Reuters.
Bali's Current Hottest Real Estate Markets
"Bali is Hawaii 30 years ago"
Six months ago Lawrence predicted 2024 would be the most explosive year yet for Bali's real estate market, especially on its popular East Coast in or near the first Resort Area in Bali, Sanur .
"2024 the most explosive year yet"
"Sanur not Snore Anymore"
According to Wikipedia. Sanur pronounced sah-noor) is a coastal stretch of beach east of Denpasar in southeast Bali (about a 30-minute drive from Ngurah Rai International Airport)For the 26 years he lived in Sanur it was called "Snore" because it attracted Seniors and Baby Boomers to a quiet lifestyle, famous beach, and inexpensive cost of living.
Recently Bali has been showered with accolades in 2023 ,& 2024 snagging titles like "Second Best Destination in the World,"
This translates to one thing, a tourism boom, and with it, a surge in rental income.
Remember his saying, "Bali real estate demand is directly proportional to tourist demand".
"Bali real estate demand is directly proportional to tourist demand"
The fuel for Sanur's coming Real Estate firestorm: 2,000 to 3,000 New Employees:
The massive Bali International Hospital is set to open its doors, bringing with it a wave of medical professionals and support staff seeking comfortable digs.Where will Doctors, Medical Technicians, and Support Staff Live?
5 - Star Hotel 1,000 Staff ?
The swanky new Meru hotel will need a place for its team to call home, injecting further demand into the market.New Icon Mall - 300 to 500 Employees:
Talk about a lucrative demographic!
So, where will all these new residents live? Sanur and its suburbs, of course.
Here are Lawrence's predictions on the three most sought-after areas of the East Coast, perhaps all of Bali in the next 12 -24 months.
#1 Area With Most Demand
This is due to the growing popularity of the area as a tourist destination and the increasing number of businesses and medical facilities moving in.
No Room at the Inn:
Just as Mary and Joesph found in Bethlehem just before Jesus was born recently there is no rooms in any of our inns.Unfortunately, there is not much available housing in these areas, as they are mostly commercial and hotels.
However, there are a few options for those who are looking to buy or lease a home in this sought-after location.
Bali Emerald Apartments:
They are perfect for those who are looking for a modern and stylish home in a great location.
PT. Bali Luxury Villas Start at $228,888.
For those who need more space, we also have a few award-winning Bali Luxury Villas available for sale.
They are perfect for those who are looking for a luxurious and spacious home in a quiet and peaceful location.
Bali Luxury Villas and Apartments are located within a short eight minute walking distance to Sanur's famous white sand beach.
They are also close to a variety of restaurants, shops, and bars.
If you are interested in buying a home in one of the most sought-after areas in Bali, we encourage you to contact them today.
They will be happy to help you find the perfect home for your needs.
#2 Area - Demand
While many eyes are on Sanur for the upcoming Bali International Hospital, savvy investors might find hidden gems close by.
This area, conveniently located within 1-10 kilometers of the hospital, offers several advantages:
Affordability: Escape the higher property prices of Sanur and capitalize on this area's lower costs.
High-Caliber Community:
Beyond Borders, Beyond Expectations:
Remember: This area provides a unique opportunity to live well, invest wisely, and be part of a thriving community just steps away from the Bali International Hospital. Don't miss out on discovering this hidden gem beyond the borders of Sanur!
Brand New Luxury Retirement Villas:
# 3 Area Most Demand
While past development left some concerns – smaller plots, lower construction standards, and bumpy roads – change is afoot.
Infrastructure upgrades are on the horizon, promising a brighter future for the area.
But here's the real draw: prices here are significantly lower than the popular East Side, making it a prime location for savvy investors.
Envision it – owning a sprawling property, hundreds of square meters of opportunity! Build two or three stunning villas, keep one for yourself, and sell the others to recoup your investment, essentially securing your dream home for free.
Intrigued? We'd love to be your guides! Let us unveil hidden gems waiting to be unearthed in Renon & E Denpasar.
This area isn't just about a bargain; it's about embracing potential, about shaping your own Bali paradise.
Ready to ride the Bali East Coast wave?
So, pack your bags, your sense of adventure, and your investment savvy, because Sanur and its suburbs are about to become the real estate El Dorado of Bali.
Remember, this is just the beginning. We will keep you updated on all the sizzling developments in the East Coast real estate scene, so stay tuned for more insider tips and insights.
In the meantime, start browsing Best Bali Real Estate Listings – the future of Bali's real estate is bright, and Sanur is its shining star.
P.S. Don't forget to share this post with your fellow real estate enthusiasts! Let's spread the word about Sanur's golden future.
Schedule Your Personalized Viewing Today.
Contact us today to schedule a personalized viewing.
For information or inspection in English contact the Baby Boomer, President, Lawrence by Telephone or WhatsApp at +628123814014.
For information or inspection in Bahasa Indonesia contact the President's Spouse, a Licensed Indonesian Notaris, Azizah at +62 811-3864-993
ABOUT US:
Together with her partner and spouse Lawrence who has 50 years of Real Estate Experience, (20 Years of which is in Bali) they own and operate award-winning 20-year-old Pt. Bali Affordable Lifestyles International ( PT. B.A.L.I. ).
Indulge in the pinnacle of luxury and efficiency with this esteemed team of over 70 professional staff, proudly offering an array of services for Buying, Selling, Leasing, and Renting Asian Real Estate.
For an unprecedented ten years running, they were awarded the Certificate of Excellence and the Hall of Fame Award from the esteemed TripAdvisor, cementing their place among the top 2% of hotels and villas listed worldwide.
With clients all over the globe singing their praises, they are indisputably one of Asia's most renowned travel and real estate investment experts.
TESTIMONIAL:
"Honesty and professionalism are everything when you're dealing with real estate but when you can also find the most knowledgeable people to advise you and help you with what you need, why go anywhere else...Hands down the best in Bali!" Bo B, UNITED STATES- 2022Keep up to date with the latest news and views on Bali and the world, all while reveling in their exceptional offering of the Best Bali Real Estate Blogs & Facebook Posts.
For more information on these exquisite properties, schedule an inspection, or request further information today by contacting us.
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