Saturday, July 27, 2024

Summarecon and Nusantara consortiums set to construct apartment flats starting the next phase of IKN development

Reading Time: 2 minutes
Journalist IBP

Journalist

Mahinda Arkyasa

Editor

Interview

Two consortiums, Summarecon and Nusantara, will start building 66 apartment towers in the National Capital City (IKN) next month.

The Nusantara Consortium is the result of collaboration between PT Risjadson Brunsfield Nusantara and China Construction First Group Corp Ltd.

The Ministry of Public Works and Public Housing (PUPR) said that the status of the apartments to be built by the two consortiums was unsolicited or initiated by the private sector.

However, Haryo Bekti Martoyoedo, Director of Housing Financing Implementation at the Ministry of PUPR, said that the feasibility of the two consortia is being studied by the Building Reliability Committee (KKBG) and the results will be presented in the near future.

The results of this study will later determine whether the two consortiums can build the apartment towers in IKN. The results of this study are basic design improvements that must be carried out by Summarecon and the Nusantara Consortium before starting construction.

If approved, Haryo noted that Summarecon will build six towers. Meanwhile, the Nusantara consortium will build 60 towers.

Haryo noted that the six towers built by Summarecon could provide 252 housing units with an area of 98 square meters per unit.

All apartment units will be equipped with furniture. This means that the qualifications for the towers built by the private sector are the same as those of the government.

In total, the target is to build 102 apartment towers in IKN with the Government Cooperation with Business Entities (KPBU) scheme.

The majority of towers were built outside the Central Government Core Area (KIPP). Meanwhile at KIPP, there are 31 flat towers. A total of 26 of them will be built through the state budget, and the rest through PPP.

All of them are targeted to be completed next year, which is expected to be completed before the independence ceremony on August 17, 2024 at IKN.

“In August 2024 it is hoped that there will be a ceremony at the IKN. This means that before that there must be apartment towers,” said Haryo.

Journalist IBP

Journalist

Mahinda Arkyasa

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

NITG Inc., a leader in developing cutting-edge cryptocurrency quantitative AI technology, is set to expand its operations to Indonesia, marking its first major move into the Asian market.
The Coordinating Ministry for the Economy reveals that there are soix new investors lining up to invest in the construction of a data center in Indonesia located in the Nongsa Digital Park, Special Economic Zone (SEZ), Riau Islands province.
The Ministry of Public Works and Housing (PUPR) has commenced the construction of the Rp4.15 trillion (Rp256 million) Jenelata Dam in Gowa, South Sulawesi, aimed at optimizing flood control in Makassar.
Oil and gas service provider PT Elnusa, which is a subsidiary of State oil and gas company Pertamina, is planning to venture into the new business of LNG (liquefied natural gas) regasification transport.
State-owned construction and investment company PT Pembangunan Perumahan (PP) is set to undertake a significant energy sector project valued at approximately Rp2 trillion (US$123.4 million).
PT Perusahaan Gas Negara (PGN), a gas subholding of State energy company PT Pertamina, is working on several strategic gas pipeline projects, including the Cisem Phase II project in which PGN will synergize with the government to distribute gas from East Java to West Java.