Business · Companies · 10 hrs ago
Nusantara Signs Rp 3.739 Trillion in Housing and Private Investment Deals
Indonesia’s Nusantara Capital Authority signed new development agreements on 14 October for projects in the country’s planned capital.
The agreements cover eight apartment towers for civil servants, valued at Rp 2.629 trillion, and five private projects worth Rp 1.11 trillion.
The projects include food, furniture, commercial, dining, sports and support facilities, though the available details do not describe every investment.
The deals add to a separate housing project signed on 6 October for 109 civil-servant homes, valued at Rp 2.819 trillion.
Nusantara’s development is being funded not only by the state budget, but also through public-private partnerships, private investment and grants.
The authority says construction will start soon, and the projects are expected to create jobs for people in the surrounding area.
The 109-home project is expected to be completed in the fourth quarter of 2028.
Nusantara Capital City Authority signed agreements on 14 October 2026 for housing and private investments worth a combined Rp 3.739 trillion.
The deals include an Rp 2.629 trillion public-private partnership to build eight apartment towers for civil servants.
Five private investments in several sectors are valued at Rp 1.11 trillion in total.
The authority said the projects would support development beyond state-budget funding and create job opportunities.
- Who
- The Nusantara Capital City Authority signed the agreements with project partners, including Nindya Karya and five private businesses.
- What
- The agreements cover an eight-tower civil-servant housing project and five private investments, worth Rp 3.739 trillion combined.
- When
- 14 October 2026.
- Where
- Glamping IKN, in the Nusantara Central Government Core Area.
- Why
- The projects support Nusantara’s development through public-private partnerships and private investment. The authority said development could also create jobs.
This story does not have two clearly opposing sides.
The authority signed an agreement with PT Intiland Development for a separate public-private partnership to build 109 civil-servant houses.
The authority signed agreements for an eight-tower civil-servant apartment project and five private investments.
- Combined value of 14 October agreements
- Rp 3.739 trillion
- Eight apartment towers
- Rp 2.629 trillion
- Five private investments
- Rp 1.11 trillion
- Apartment units
- 288 units, each 190 square metres
- Location of signing
- Glamping IKN, Nusantara Central Government Core Area
What people are saying
Today we prove that IKN development is not funded only by the state budget. Today there are also two public-private partnerships and five private investments that will soon begin construction.
I am grateful because IKN will also contribute to opening jobs that are currently greatly needed by the community.
For us, this trust is a responsibility as well as a commitment to deliver quality construction results and provide real benefits to the IKN Authority, the nation, and the state.