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Moving Indonesia's capital opens up fresh options in real estate

Published Sun, Oct 20, 2019 · 09:50 PM

INDONESIA'S announcement to relocate its capital last month is a move that has been discussed for decades since the country's independence in 1945.

But it was President Joko Widodo who finally pushed ahead, selecting Kalimantan - the Indonesian portion of the island of Borneo.

The rationale behind this move is multi-fold: The Indonesia government explained that a capital move would help tackle the econ…

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