Agung Sedayu Confirms Subsidiary Holds HGB for Pagar Laut Tangerang – Major Development!

"Agung Sedayu Confirms HGB for Pagar Laut Tangerang Subsidiary"

Agung Sedayu Group confirmed its subsidiaries hold building rights certificates in Tangerang, but not for the entire disputed coastal area.

Siti Rahmawati23 January 2025Last Update : 1 day ago

Agung Sedayu Akhirnya Akui Anak Usaha Punya HGB Pagar Laut Tangerang

www.cnnindonesia.com

Agung Sedayu Group has confirmed that its subsidiaries, PT Intan Agung Makmur (IAM) and PT Cahaya Inti Sentosa (CIS), hold building use rights (HGB) for part of the mysterious coastal fence in Tangerang. This revelation comes amid ongoing debates about the ownership of the entire 30.16 kilometers of the coastal area.

6 Key Takeaways

Agung Sedayu Group acknowledges HGB ownership.
HGB does not cover entire 30.16 km area.
Ownership limited to Desa Kohod, Pakuhaji.
Historical context of coastal barriers provided.
Minister plans to revoke HGB certificates.
Certificates deemed procedurally flawed.

On January 23, 2025, legal representative Muannas Alaidid clarified that the HGB only applies to a specific section in Desa Kohod, not the entire stretch as previously assumed. How does this impact the ongoing discussions about coastal property rights?

Fast Answer: Agung Sedayu Group acknowledges limited HGB ownership along the Tangerang coast, sparking discussions on property rights and regulations. The company’s legal team insists that the rights do not extend over the entire coastal fence, focusing only on a specific area.

Understanding the Coastal Fence Controversy in Tangerang

Why is the coastal fence in Tangerang causing such a stir? The recent acknowledgment by Agung Sedayu Group has raised questions about property rights and the legitimacy of the HGB certificates. This situation highlights the complexities surrounding land ownership in Indonesia, particularly in coastal regions.

Warning! The ongoing debate over HGB ownership in Tangerang could have broader implications for property regulations in Indonesia. Understanding these issues is crucial for stakeholders, including foreign investors.

Key Facts About the Coastal Fence and HGB Ownership

The coastal fence in Tangerang has become a focal point of discussion, particularly regarding its ownership and the associated HGB certificates. Here are some essential points to consider:

Agung Sedayu Group’s subsidiaries hold HGB only in Desa Kohod.
The coastal fence spans 30.16 km but is not entirely owned by the group.
Historical context shows the fence existed before major developments began.
The Minister of Agrarian Affairs plans to review the HGB certificates due to procedural concerns.

Historical Background of the Coastal Fence in Tangerang

The coastal fence’s history is significant. It was established long before the development of the PIK 2 project and even before President Joko Widodo took office. This timeline raises questions about the legitimacy of current claims and the rights associated with the land.

Current Legal Challenges and Future Implications

As the Minister of Agrarian Affairs considers revoking the HGB certificates, Agung Sedayu Group is awaiting further clarification. The legal team emphasizes that the HGB was obtained through proper channels, including payments to local landowners. This situation could set a precedent for future land disputes in Indonesia.

Impact on Foreign Investment and Local Communities

The ongoing discussions about the coastal fence and HGB ownership may influence foreign investment in Indonesia. Investors often seek clarity in property rights before committing funds. Additionally, local communities are affected by these developments, as they navigate their rights and responsibilities regarding land ownership.

In conclusion, the situation surrounding the coastal fence in Tangerang is complex and evolving. As Agung Sedayu Group navigates legal challenges, the implications for property rights and investment opportunities in Indonesia remain significant.