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View all search resultsGovt to renovate 2 million houses by end of 2025
With Rp 21.8 million in repair subsidies earmarked for each house, the country must pour Rp 43.6 trillion from the state budget to turn the plan into reality.
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A subsidized housing complex at Puuwatu district in Kendari, Southeast Sulawesi, on August 1, 2024. (Antara/Andry Denisah)
T
he government plans to renovate 2 million houses nationwide by December, supported by a hefty Rp 43.6 trillion (US$2.65 billion) allocation from the state budget, Deputy Public Housing and Settlements Minister Fahri Hamzah revealed.
He said the program, part of President Prabowo Subianto’s pledge to deliver 3 million homes each year, has already secured approval from the Finance Ministry and would be formalized soon. The remaining 1 million homes from the target, meanwhile, would be provided as vertical housing.
“Even with just six months left this year, the President continues to emphasize that 2 million homes must be renovated,” Fahri said during the Indonesia Economic Prospects (IEP) forum hosted by the World Bank and broadcast live on Monday.
The program would expand the current independent housing stimulus assistance (BSPS) program, which previously aimed to renovate just 140,000 homes annually. Each household would receive Rp 21.8 million in repair subsidies.
Fahri acknowledged that scaling up to this ambitious target would require stronger coordination with multiple ministries and institutions, including the Finance Ministry, the National Development Planning Agency (Bappenas), the Social Affairs Ministry, the Indonesian Military (TNI) and the National Police.
“This leap from 140,000 to 2 million units demands a [considerable] effort, [proper] planning and accountability,” he stated.
Previously, Fahri also proposed incorporating micro-credit financing to enable local developers and communities to invest further in renovations.
