Business · Companies · 18 hrs ago
New IKN deals cover 8 apartment towers and five private investments
Nusantara’s capital authority signed new investment deals on 14 October for projects in Indonesia’s planned new capital, IKN.
The agreements include eight apartment towers for civil servants, with 288 units and an investment of Rp2.629 trillion.
Five companies also agreed to make private investments worth Rp1.11 trillion in food, furniture, commercial, dining, sports and supporting facilities.
The projects include a chicken farming and hatchery business, a furniture showroom, restaurants and a sports and commercial facility.
The deals add to a separate housing project signed with Intiland on 6 October to build 109 civil-servant homes for Rp2.819 trillion.
The authority says IKN’s construction is funded not only by Indonesia’s state budget but also through public-private partnerships, private investment and grants.
It says the projects are expected to support local job creation, and construction is due to begin soon; the sources give a completion target of the fourth quarter of 2028 only for the 109-home project.
IKN signed agreements covering eight apartment towers for civil servants and five private investments worth a total of Rp1.11 trillion.
The apartment project has an investment value of Rp2.629 trillion and will provide 288 units.
The agreements were signed on October 14, 2026, and include housing under a public-private partnership and private investments in several sectors.
Five businesses named in the agreements are PT Berdikari, PT Java Teak Indo, PT Indonesia Belt Road High Tech Development Park, PT Laziz Nusantara Grup and PT FYP Karya Perdana.
IKN chief Basuki Hadimuljono said the development is funded not only by the state budget but also by public-private partnerships, private investment and grants.
- Who
- The IKN Authority and five private businesses. PT Nindya Karya and PT Nindya Estate Management are behind the apartment project.
- What
- Agreements cover eight apartment towers for civil servants and five private investments. The investments are valued at Rp2.629 trillion and Rp1.11 trillion, respectively.
- When
- The agreements were signed on October 14, 2026.
- Where
- The projects are in Indonesia’s Nusantara capital development area, including designated planning areas 1A, 1B and 3.
- Why
- The agreements support Nusantara’s development and are expected to create job opportunities for nearby communities.
This story does not have two clearly opposing sides.
The IKN Authority signed an agreement for a separate project to build 109 landed houses for civil servants with PT Intiland Development.
The IKN Authority signed agreements for the eight-tower apartment project and five private investments.
The 109 landed houses are expected to be completed.
- Apartment towers
- 8, comprising 288 units
- Apartment project investment
- Rp2.629 trillion
- Private investments
- 5, valued at Rp1.11 trillion in total
- Apartment project location
- Planning Area 1A
- Named private investors
- PT Berdikari, PT Java Teak Indo, PT Indonesia Belt Road High Tech Development Park, PT Laziz Nusantara Grup and PT FYP Karya Perdana
What people are saying
Today we are proving that IKN development is not funded only by the state budget. Today there are also two public-private partnerships and five private investments whose construction will soon begin. I am grateful because IKN will also contribute to creating jobs that are urgently needed by the community.
For us, this trust is both a responsibility and a commitment to deliver quality development and provide tangible benefits for the IKN Authority, the nation and the country.