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Jakarta Post

Govt offers millennials subsidized houses amid soaring prices

  • News Desk

    The Jakarta Post

PREMIUM
Jakarta   /   Mon, June 24, 2019   /  12:53 pm
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President Joko "Jokowi" Widodo inspects a low-cost house in Bekasi, West Java, which is part of his annual 1 million housing program.(JP/ecn)

  The Public Works and Housing Ministry is campaigning for the sale of houses to millennials with government subsidies amid soaring house prices this year. “We are currently working on the 1 million houses program [PSR] for the supply of houses for all layers of society, including millennials,” the ministry’s housing provision director general, Khalawi Abdul Hamid, said on Wednesday. President Joko “Jokowi” Widodo initiated the PSR in April 2015 as one of his national strategic projects, for the construction of 1 million houses per year for community members, based on Presidential Regulation No. 3/2016 on the acceleration of the implementation of national strategic projects. In implementing the PSR, the government has cooperated with a number of stakeholders, including banks, developers and private companies. As of 2018, 3,542,3...