TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsDevelopers slam housing offtake agency plan as off-target, inefficient
Developers and experts in the property industry have hit back at the government's proposed housing offtake agency, raising questions about funding and staffing as well as concerns regarding added inefficiencies, especially amid the ongoing slew of costly flagship projects.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
A woman and her child peer into a subsidized house for media industry workers on June 5, 2025, at the Gran Harmoni Cibitung Residential Complex in Bekasi regency, West Java. (Antara/ Fakhri Hermansyah)
P
roperty developers have pushed back on the government's proposal to form an offtake agency for the social housing project, calling it a mismatch with the actual problems on the ground and suggesting the government focus on improving financing access for both developers and consumers instead.
First presented on July 25 by Deputy Public Housing and Settlements Minister Fahri Hamzah in a meeting with the State-Owned Enterprises (SOEs) Ministry, the proposed agency would function similarly to the State Logistics Agency (Bulog) in rice distribution, only applied to the housing sector.
Fahri said the new entity would purchase subsidized houses, specifically those built on government-approved land as part of the “3 million homes” project, and then resell them to the market. In fulfilling this function, he said, the offtake agency would address market absorption for subsidized homes and help tackle the housing backlog as key hurdles in the sector.
He also suggested reorienting state-owned developer Perum Perumnas to serve as the housing offtake agency.
“With a backlog of 15 million families, the housing demand is very clear. There’s no need to think about marketing. What’s needed is for the state to prepare an offtake institution,” Fahri said in a statement on Friday.
The scheme could mirror public housing models in places like Singapore and Hong Kong, where dedicated government agencies take the lead in providing homes for citizens.
Perum Perumnas Perumnas did not immediately respond to a request for comment from The Jakarta Post.
