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Sunday, 09 Aug 2020

The land prices in Indonesia were still relatively high than in other countries in Southeast Asia

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The prices in Indonesia were still relatively high than in other countries in Southeast AsiaThe prices in Indonesia were still relatively high than in other countries in Southeast Asia

News24xx.com - The Investment Deregulation Director of the Investment and Coordinating Board (BKPM) Yuliot said that prices in Indonesia were still relatively high. As information, the price of land in Indonesia reaches USD 225 per cubic meter.

Yuliot also mentioned the need to do a mapping to measure the competitiveness of investment potential.

As a comparison, the land prices in Thailand are USD 215 per cubic meter, Philippines USD 127 per cubic meter, Malaysia USD 100 per cubic meter, and Vietnam's lowest is USD 90 per cubic meter.

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For this reason, the government sees the need to create industrial estates with competitive land prices. So that it can again be a material consideration for investors.

Yuliot explained this land would later belong to SOEs. Then there is the synergy of SOEs in the provision of infrastructure. As for the mechanism, for industries that want to enter the Batang industrial area, can rent for a certain period of time, or buy them at competitive prices.

Executive Director of the Institute for Development of Economics and Finance (INDEF) Tauhid Ahmad said the government would find it difficult to stem the increase in land prices in East Kalimantan which was recently appointed as the new capital of Indonesia.

This is because the region will certainly be visited by many business people who have glanced at the market potential there.

Land price increases will not only occur in the new capital region but also surrounding areas such as Samarinda and Balikpapan. These two regions have far more developed infrastructure and adequate public facilities.





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