[1/3] Trucks are seen near a palm oil plantation at a village located near Indonesia's projected new capital, known as Nusantara National Capital, in Sepaku, East Kalimantan province, Indonesia, March 8 2023.
Headman Rizki Maulana Perwira Atmadja, 38, said land prices around his village - 10 km (6 miles) from where a presidential palace is being built - had jumped four-fold.
Land prices in places near a water reservoir had risen over 16-fold, said Junaidin, the village chief of Tengin Baru, a settlement of around 4,000 people within Nusantara's development zone.
He said large property companies had not sought to acquire land banks in Nusantara due to the moratorium on permits.
However, the Nusantara authority said land speculation should not affect development plans as compensation for land would be measured fairly by an independent party.