The proposed location for Indonesia’s new capital city in East Kalimantan. Photo: EPA-EFE

Indonesian developers want government to curb land speculation around country’s new capital

  • Government controls about 180,000 hectares in area around new yet-to-be-named capital
  • President Widodo is counting on private and state-owned entities to bear about 80 per cent of the cost of building the capital
Topic |   International Property

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The proposed location for Indonesia’s new capital city in East Kalimantan. Photo: EPA-EFE
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