Nusantara, Indonesia's future capital on Borneo gets underway

Property prices already rising as work on basic infrastructure moves ahead

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Nusantara, Indonesia's new capital, has been conceived as a "green and smart global city" that will be developed in stages running until 2045. (Source photo by Shinya Sawai, Erwida Maulia, and Indonesian Presidential Office)

ERWIDA MAULIA, Nikkei staff writer

BALIKPAPAN, Indonesia -- There are only trees to be seen stretching to the horizon in vast rolling acacia and eucalyptus plantations on this stretch of the east coast of Borneo -- apart, that is, for a cleared patch of brown earth where a new road is under construction.

This marks the spot where the presidential palace will one day sit right in the heart of Nusantara, Indonesia's new capital.

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