Property 'giant' is still a question mark to build a new capital city!

The chairman of the IKN - Real Estate Indonesia (REI) Working Group (Pokja) Soelaeman Soemawinata, said that in theory the developer is interested in developing the new capital city location.

But the development plan is still not clear so it requires regulation from the government. "Developers still need regulations there. The existing laws are only the foundation, but later on there will be many derivatives of Presidential Regulations (Presidential Regulations), and Government Regulations for their substance," Soelaeman explained, to CNBC Indonesia, Wednesday (19/19/2020). 1/2022). The substance means, for example, the ease of investing in spatial engineering, the required specifications and spatial plans. "What is the concept of spatial planning, land use. Who wants to move first, how many civil servants move," he explained. Soelaeman explained that until now there is no concept for what kind of private settlements will be built. Developers also need regulation to guarantee investment. In addition, the ease of investing must also be considered by the government, especially with regard to land ownership regulations, whether only building use rights (HGB) or use rights

|•SOURCE•| Articles :CNBC | Image :QURETA |

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