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Jakarta Post
The Jakarta Post
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Perumnas allocates Rp 500b for low-cost houses

  • The Jakarta Post

| Fri, March 25 2011 | 10:00 am

PREMIUM JAKARTA: House developer Perum Perumnas has said it will allocate between Rp 400 billion (US$45 million) and Rp 500 billion to build 100,000 low-cost houses.

Perumnas president director Himawan Arief said the funds would be used to build houses with a floor space of 36 square meters.

“We will construct 30,000 low-cost houses in the first stage,” Himawan said Thursday, as quoted b...