Indonesia Executes Landmark Seizure of Hotel Sultan Land Valued at $2 Billion

In a landmark civil execution, Indonesia's Central Jakarta District Court has officially transferred the land and buildings of the Hotel Sultan to state ownership. The property, situated in a prime Jakarta location within the Gelora Bung Karno complex, is valued at an estimated Rp28.9 trillion.

This execution is being hailed as the largest and most expensive civil case in Indonesian history. It stems from a court order based on a ruling by the Central Jakarta District Court, which declared PT Indobuildco in breach of contract. The court mandated the company to vacate and return the land, identified as former land use rights (HGB) No. 26 and No. 27, along with all associated structures.

The legal battle centered on the ownership of the land, with the Minister of State Secretary acting as the plaintiff and PT Indobuildco as the defendant. The court's decision, which was declared immediately enforceable despite potential appeals, ordered the return of the land parcels, totaling over 137,000 square meters, to the state.

The execution process, overseen by court officials and secured by police and military personnel, faced resistance. Reports indicate that 119 individuals were arrested during the proceedings. The court has granted a one-month period for the physical vacating of the premises, with any remaining belongings to be temporarily stored. This significant transfer of assets returns a valuable piece of Jakarta real estate to state control.