The Nusantara Capital Authority (OIKN) has recorded that the indicative value of residential sector investments in the new capital city (IKN) has reached Rp63.6 trillion from both foreign and domestic investors. OIKN Head Basuki Hadimuljono stated that his team is currently also advancing the Public-Private Partnership (PPP) scheme in IKN, which is showing promising momentum.

According to Basuki, the implementation of the PPP scheme in IKN is not solely to speed up development but also to ensure long-term public accountability. “Our due diligence process involves a wide range of parties, including private entities, relevant ministries, and government internal auditors, to guarantee good governance. Transparency and sound governance practices are the foundation of all investment stages,” said Basuki in an official statement on Sunday (June 8, 2025).

Additionally, the execution of unsolicited PPP projects in the residential sector has officially begun, marked by the completion of the Availability Payment (AP) approval process and government guarantee by the Ministry of Finance and PT Indonesia Infrastructure Guarantee (PT PII) for two key projects.

The first project involves the construction of 8 ASN residential towers by PT Nindya Karya in Development Area (WP) 1A, consisting of 288 housing units of 190 square meters each. The second is the development of 109 landed houses by PT Intiland in WP 1B and 1C, each with a building size of 390 square meters.

Both projects are expected to begin transaction activities in the second quarter of 2025, with construction starting within the same year. This marks the initial execution phase of PPP in IKN after previously being in the preparatory stage.

On the other hand, both local and international investors are actively participating. From within the country, Ciputra Nusantara and the Triniti-Truba Consortium are involved, while international investors include the IJM–CHEC Consortium and Maxim. Ciputra Nusantara and IJM–CHEC have completed their Feasibility Studies and are undergoing document evaluation. Meanwhile, Triniti–Truba and Maxim are finalizing their studies before entering the assessment phase.

Beyond the six active projects, there are three additional new initiatives from Adhi Karya, the Samsung C&T–Brantas Abipraya Consortium, and the PJ-IC Bee Invest–Promec–Ozturk Holdings Consortium. All three have secured Letters-to-Proceed (LtP) and are now in the feasibility study drafting stage. These investors come from countries such as the United States, Turkey, Spain, and Brunei Darussalam, with the estimated investment value reaching Rp63.3 trillion in the housing sector.

OIKN’s Deputy for Funding and Investment, Agung Wicaksono, noted that there are still nine potential investors in the residential sector who have not yet received approval to become unsolicited PPP initiators using the AP scheme. “This is because interest in residential PPPs must be balanced with other sectors funded through the AP-based PPP scheme. We plan to invite them to participate as bidders through a solicited PPP process instead,” he clarified.

In addition to housing, PPP schemes are also progressing in the Road and Multi-Utility Tunnel (MUT) sector. Five potential investors from China, Malaysia, and Indonesia are currently drafting their Feasibility Studies and preparing for document evaluation. The indicative total investment value is estimated at Rp71.8 trillion, with Rp55 trillion coming from foreign sources.

Agung emphasized that PPP has become the backbone of sustainable, inclusive development in the Nusantara Capital City, which is now increasingly open to international cooperation. The growing interest from both domestic and global investors reflects improvements in governance and streamlined processes implemented over the past few quarters.