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Govt to start building 1 million housing units
The Public Works and Housing Ministry and state-owned housing developer PT Perumnas will team up to carry out the government program of building 1 million houses over the next five years
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he Public Works and Housing Ministry and state-owned housing developer PT Perumnas will team up to carry out the government program of building 1 million houses over the next five years.
Public Works and Housing Minister Basuki Hadimuljono said the government would start work this year to reduce a big backlog in the implementation of the housing program, Antara news agency reported on Thursday.
Basuki said the government already set aside Rp 13 trillion from the state budget and Rp 500 million from the Social Security Executive Body (BPJS) for the program to build the housing units.
In a bid to accelerate implementation of the program, Perumnas will receive Rp 1 trillion to build houses for low income people.
Basuki said the government will improve Perumnas by expanding its scope of work.
First, Perumnas will be given the opportunity to become a land bank and lands owned by the ministry would be handed over to Perumnas to be developed.
Second, Perumnas will not only have the function to build general housing, but also to manage it.
Third, Perumnas will develop areas ready for development and fourth, Perumnas will become a national housing development company.
Perumnas President Director Himawan Arief Sugoto said his company plans to build 33,500 units of low cost houses and operate low cost apartment houses in 2015.
Himawan said in 2014, Perumnas overshot the targets set in its working plan and corporate budget, posting an income of Rp 1.3 trillion and profits of Rp135 billion by building 14,250 housing units. (hhr)
