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View all search resultsIn a bid to solve a funding shortfall for the President's "3 million homes" program, the housing ministry has come up with a plan to disburse Rp 130 trillion (US$7.98 billion) contributed by state banks under Danantara via the micro credit program (KUR).
The housing minister has revealed that the 2025 budget allocation for building 3 million new homes is a little less than one-third of last year's, compared to his estimated fund of Rp 23.32 trillion required to meet the target.
Livable housing is essential for every human being as it serves as “a fortress against various risks, including health risks like the ongoing COVID-19 pandemic”, President Joko “Jokowi” Widodo said on Monday during a commemoration of World Habitat Day.
Seventy-four percent of reports that have been filed with the National Consumer Protection Agency since 2017 are related to housing, with consumers mostly complaining about legal uncertainties of housing projects, delays in the completion of housing or apartment development and sudden increases in water bills.
Consumer interest in low-cost housing dominated the property market demand in the first half of the year, while sales started to pick up amid the impact of the pandemic on the sector, online property marketplace 99 Group data show.
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