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View all search resultsIn a meeting with House Commission V on Tuesday, representatives of two property developers associations put forth an idea to offer a rent-to-own scheme to ease access to home financing for informal workers who might otherwise fall through the cracks of creditworthiness criteria and bank scoring models.
The key to resolving the housing backlog is to take a balanced policy approach that addresses both the supply and demand side, more especially the latter, to provide more flexible housing options.
The government announced on Dec. 16 that a partial VAT waiver on certain house purchases would be extended to mid-2025, and then through to the end of the year, but would be reduced by 50 percent in the second half.
The Agrarian and Spatial Planning Ministry has suggested that PIK 2 may have issues concerning regional and provincial spatial plans (RTRW) and has said the project also lacks the required detailed spatial plans (RDTR).
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