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View all search resultsThe president-elect’s top adviser, Hashim Djojohadikusumo, says the incoming administration will seek to build 3 million housing units per year, and smaller businesses rather than big construction conglomerates are set to get the largest part of the pie.
Delivering a strong rebuke to the Big Four firm, China's securities regulator said its investigation found that PwC Zhong Tian LLP "turned a blind eye" to and "even condoned" Evergrande's fraud while auditing the annual results of the developer's onshore flagship unit - Hengda Real Estate and assisting its bond issuance - in 2019 and 2020.
House price growth has slowed down in Jakarta and other cities as high interest rates and weak purchasing power take a toll on the market, but experts view the slowdown as temporary and say the trend continues to point upward, to the dismay of would-be home buyers.
REI has asked the government to increase the subsidized housing for this year, given that the market had absorbed 48 percent of the originally allotted 166,000 units to date and supply would likely run out by September.
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