Uninhabited Widi Reserve is in a marine-protected zone and being promoted as 'one of the most intact coral atoll ecosystems left on Earth'.

Hells ya! Perfect spot for some dillionaire's next hotel.

Oh what the fuck. This is so on brand for humans.

China has entered the conversation

This is the best tl;dr I could make, original reduced by 80%. (I'm a bot)

> The development rights to an entire Indonesian archipelago with more than 100 tropical islands is set to be auctioned next week, sparking concerns for the environmental impact on what Sotheby's described as "One of the most intact coral atoll ecosystems left on Earth".

> The sale of islands to non-Indonesians is banned under Indonesian law, so buyers will bid for shares in PT Leadership Islands Indonesia, an Indonesian development firm that has licensed the rights to build an eco-resort and luxury residential properties on the reserve.

> The auction has prompted concerns among some conservationists who say the development could cut off local communities and threaten its ecosystems, which feature rainforests, mangroves, lagoons, lakes and coral reefs that are home to vast marine life.

Extended Summary | FAQ | Feedback | Top keywords: island^#1 development^#2 Reserve^#3 auction^#4 plan^#5

Another way to read this and get downvoted for saying it outloud is

One of the most undeveloped nations in the world attempts to make some development sparking reminder that we all gave up our undeveloped spaces and are now missing them.

"licensed right to build" & "bid for shares" eh.

Alright so it's HGB then, make sense since foreigners cannot own land in Indonesia and companies can only own HGB and HGU rights.

Not really appealing from legal perspective.

Also environmental licenses/izin lingkungan procedures are still required so I don't really understand the environmental concern. With a project this scale a mandatory environmental assessment will probably be required.

sell them before the sea rises?

Get it before it's gone!

Billionaires are so rare and elusive, I’d like to own one. I’m gonna prepare it an authentic habitat so it can live like a standard human. I’d be the envy of all my neighbors. I’m going to call him “George” or “Cogsworth” or “Elon”…something that sounds real smart.

I wish I was a billionaire so I could build a nice lair there. Put in some accommodations for my henchmen and good to go!

You are correct in your statement that you “don’t understand the concern”.

Sotheby’s really is a sack of shit for its part in this. So is the Indonesian Govt for even attempting such crap

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There's a website for buying private islands: The Widi Reserve.

And they'll twist it as helping the locals living there or ancient tribes what not to best extent helicopter flown locals to hospital etc.. Except, that's not the point, the point is preserving and protecting the environment/biodiversity in the islands