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