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Economy 2 weeks ago
PREMIUM
Housing expo falls short, subsidized loans slow
The Danantara Housing Expo booked Rp 2 trillion in settled transactions, below an initial target of Rp 6 trillion to Rp 10 trillion, while loan disbursement for subsidized housing fell 15 percent year-on-year amid supply constraints, pointing to ongoing challenges in the government’s 3 Million Homes program.
Economy 1 month ago
PREMIUM
Housing ownership backlog falls to 9.29 million in March
For the first time, Statistics Indonesia (BPS) released a housing statistics figure, which compiles data from the National Socioeconomic Survey (Susenas) and administrative data from ministries, government agencies and local administrations.
Regulations 1 month ago
PREMIUM
Cost pressures, weak demand cloud govt housing program
The mass mortgage signing ceremony on July 30 came as the government attempts to revive housing distribution in spite of the mounting challenges facing Prabowo's "3 million homes" program, including slower disbursements, rising construction costs and weaker spending power amid unwavering demand.
Jakarta 2 months ago
PREMIUM
Jakarta ramps up 'rusun' drive to ease housing shortage
The Jakarta administration plans to build new low-cost apartment complexes (rusuns) comprising nearly 12,000 units to help ease the capital’s worsening housing shortage, though urban planners warn the projects must be better connected to jobs and public transport to avoid repeating past shortcomings.
Regulations 2 months ago
PREMIUM
Govt approves extending Tapera mortgage tenor to 40 years
A plan to extend the tenor of subsidized mortgages from 30 to 40 years has been given the green light as the government continues to explore potential financing schemes for implementation, including a tiered interest rate system for landed houses.
Regulations 2 months ago
PREMIUM
Govt increases housing credit program to Rp 50 trillion
The government plans to increase the Housing Credit Program to Rp 50 trillion in 2026 from Rp 36 trillion after disbursement of the subsidized loans surpassed half of the government’s target, benefiting more than 91,000 borrowers nationwide.
Academia 2 months ago
PREMIUM
The 'missing middle': Jakarta’s challenge ahead of its quincentenary
As Jakarta approaches its 500th anniversary, glowing infrastructure and plummeting poverty rates mask a fragile socioeconomic reality. The city's future will not be defined by its skyscrapers but by whether it can rescue its massive yet vulnerable aspiring middle class from permanent economic insecurity.
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