Villagers in Indonesian villagers, who sell land, buy 178 new cars

An endless video of a truck loaded with a new car in a village in the eastern part of Java Island in Indonesia became a hot topic.

It was confirmed that the state-owned oil company bought the land owned by 225 residents of this village at once to build an oil refinery, and the residents who became rich in lightning were bought from cars.

'Thunderbolt Rich Man' by Selling Land, Indonesian Village Residents Buy 178 New Cars

picture explanation‘Thunderbolt Rich Man’ by Selling Land, Indonesian Village Residents Buy 178 New Cars

According to Business and Tribune News on the 18th, on the 14th, a video of dozens of trucks with new cars lined up on the driveway to the village of Sumurgeneng, Tuban Army in East Java, spread on social media.

Kihanto, the head of the village, said, “The residents who became wealthy by selling the land bought a car. There are cases where a family bought two or three new cars.” It was delivered to the village,” he said.

It was estimated that “the residents who sold the land seem to have received an average of 8 billion rupiah (630 million won).”

Indonesian state-owned oil company Pertamina

picture explanationIndonesian state-owned oil company Pertamina

Pertamina, a state-run oil company, purchased land in three villages to build an oil refinery on a site of 8.41 million m2 (2544,000 pyeong), and in Sumurgneung village, land owned by 225 out of 840 households.

Pertamina bought the village’s land for 600,000 to 800,000 rupiah per square meter (47,000 to 63,000 won).

Residents who sold 40,000 square meters (12,100 pyeong) received Rp 26 billion (2,500 million won), while another resident received Rp 38 billion (3 billion won).

“I bought two cars and a truck, and I am planning to start a new business,” said Nurul Hidayatin, 32, a resident city who made 18 billion rupiah (1.4 billion won) by selling 27,000 square meters.

Compared to Indonesia’s annual GDP per capita (Gross Domestic Product) of 4,175 dollars (4.95 million won) in 2019, you can see how big the money is.

“Of the people who sold the land, 90% signed a contract to buy a new car, 75% bought replacement land, and 50% were building houses. Very few people start a new business.”

Sumurgneung village in eastern Java Island (marked in red)

picture explanationSumurgneung village in eastern Java Island (marked in red)

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