GBK Management Denies Selling Hotel Sultan Land to PT Indobuildco

The management of Jakarta's Gelora Bung Karno (GBK) complex has firmly stated that no land belonging to the Hotel Sultan was ever sold to PT Indobuildco. Chandra M. Hamzah, legal counsel for PPKGBK, clarified that while the government initially granted PT Indobuildco permission to use the land from 1958 to 1962 for the Asian Games IV, this was strictly a usage permit, not a sale or transfer of ownership.

"There was never a sale, no relinquishment of land rights, no inheritance, no grant, no transfer of rights from the Government of the Republic of Indonesia to Indobuildco. Nothing at all, only permission to use the land for 30 years," Hamzah told reporters.

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There was never a sale, no relinquishment of land rights, no inheritance, no grant, no transfer of rights from the Government of the Republic of Indonesia to Indobuildco. Nothing at all, only permission to use the land for 30 years.

Following the expiration of PT Indobuildco's building use rights (HGB) in 2023, the government, through the State Secretariat Ministry and PPKGBK, initiated efforts to repossess the land. After a lengthy process, the execution and repossession were successfully completed.

Moving forward, the land will be managed by PPKGBK in accordance with Ministerial Regulation (PMK) number 115/PMK.06/2020. Deputy Minister of State Secretary Juri Ardiantoro praised the successful repossession, emphasizing its importance in securing state assets for the benefit of the nation and its people.

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We have carried out the mandate to protect state assets. This is not just an asset but also maintaining the country's authority to protect its assets, and after this, the assets will be utilized for the greatest benefit of the state and society.