STRATEGY FOR RECYCLING STATE-OWNED ASSETS IN INDONESIA

This study aims to formulate strategies for implementing asset recycling for state property in the form of buildings owned by the Indonesian government. Ten structured interviews were conducted amongst 14 practitioners from the government and the private sector. The data were analyzed using qualitative data analysis software, NVivo 12. The results of the research are asset recycling implementation strategies in the form of considerations in implementation, mandatory steps, and implementation support strategy. Based on the research conducted, the implementation support strategy emphasizes overcoming the risk and challenge aspects in implementation. Furthermore, implementation support strategy is also formulated related to the issue of relocating the national capital city of Indonesia. The results of this study mainly recommends that the government should formulate a more flexible term of payment policy in asset recycling scheme; provide a digital information platform to entrepreneurs; carry out regulatory arrangements and provide guarantee of legal certainty for the private sector, the government itself, and the public; adopt a market-oriented state asset optimization policy paradigm; and develop an incentive system to encourage Ministries/Agencies to recycle their assets. The context of this research is limited to the study of asset recycling of state-owned buildings in general and is not simulative. The results of this study can be used as consideration and reference analysis for the government in implementing asset recycling policies with objects in the form of state-owned buildings.