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Optimising government assets in Jakarta, Indonesia, post relocation of the capital city

optimising_government_assets_in_jakarta_indonesia_post_relocation_of_the_capital_city.pdf
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Citation: Dr Connie Susilawati, Dr Bernadetta Devi, Dr Darmawan Atmoko, Professor Sara Wilkinson, Professor Ashantha Goonetilleke, Dr Jose Arif Lukito (2024) Optimising government assets in Jakarta, Indonesia, post relocation of the capital city. ​
​London: Property Research Trust.
DOI: https://doi.org/10.52915/VJVD6055

​Keywords: Real Estate, Jakarta, Nusantara, capital city, optimising government assets, relocation, social, economic, environmental factors, asset lifestyle management climate change
Summary:
The Indonesian government has proposed that the capital city be relocated from Jakarta, the existing capital city, to Nusantara, the new capital on Kalimantan Island. Talk of relocation has been mainly triggered by the issues of overcrowding, sinking, and high frequency floods due to climate change in Jakarta. It is anticipated that the capital city relocation will have significant impacts on central government office buildings in Jakarta, including many 
government officials and their associated public services being transferred to Nusantara. As a result, there will be an oversupply and underutilisation of government buildings in Jakarta. 

To date, there has been limited research to evaluate the consequences of the capital city relocation on the central government office buildings, especially when climate change risk is considered. Thus, this research was conducted with two key objectives:
  1. To investigate and to develop a deeper understanding of the social, economic, and environmental factors involved in the relocation of government building users in Jakarta, and the impacts on remaining stakeholders and built assets.
  2. To develop an asset lifecycle management framework that considers the concepts of sustainable building and climate change adaptation, to optimise the utilisation of the vacant and underused buildings due to the relocation of Jakarta.

Authors

Dr Connie Susilawati is an associate professor in property economics at the School of Economics and Finance, Faculty of Business and Law, Queensland University of Technology. Her research areas in sustainable human settlement include disaster resilience, optimisation of public building assets, repurposing building, healthy, affordable and sustainable housing.

Dr Bernadetta Devy is a senior research assistant at the School of Economics and Finance, Faculty of Business and Law, Queensland University of Technology. Her research focuses on governance for sustainability, sustainable rural and urban development and the examination of social and environmental impacts of infrastructure and extractive projects on vulnerable and marginalised groups. s a senior lecturer of property economics within the School of Economics and Finance at Queensland University of Technology (QUT). His research in ESG and listed real estate, financial disclosure of REITs, and housing has been widely recognised, with numerous publications in esteemed academic journals. 

Dr Darmawan Atmoko is a  senior analyst in the Ministry of Finance in the area of state asset management. He completed his PhD at Queensland University of Technology in the area of building sustainability practice and adaptation. 

Professor. Sara Wilkinson is  professor of sustainable property in the School of Built Environment at the University of Technology, Sydney. Her transdisciplinary research programme sits at the intersection of sustainability, urban development, and transformation, with a focus on green cities and preparing our urban environments for climate change.

Professor Ashantha Goonetilleke is a professor in the School of Civil and Environmental Engineering, Faculty of Engineering, Queensland University of Technology. His research focuses on urban water resources management, infrastructure resilience and adaptation to climate change.

Dr Jose Arif Lukito is a regional director at DGSA, Ministry of Finance. He has significant experience in the area of public asset management in Indonesia. He completed his PhD at Queensland University of Technology in the area of adaptation of public assets in climate change.

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