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View all search resultsAll presidential candidates have vowed to solve the housing problem in Indonesia where properties are beyond the reach of many hopeful homeowners, either due to soaring prices or an insufficient supply of land to accommodate rising demand.
Property players have welcomed a new set of government-funded incentives meant to reinvigorate an industry hit first by the pandemic and then by rising interest rates, but whether the sweeteners will help the apartment segment out of the doldrums remains to be seen.
World markets are sending some confusing signals, and we can only hope that the sharp minds in both emerging economies and the ongoing IMF-World Bank meetings will find a way to decode them to produce smart decisions for navigating the global economy toward progress.
Transforming empty office space into residential areas could help ease the housing backlog in Jakarta and its surroundings, according to Jakarta Property Institute (JPI), but implementing the idea will be a challenge given prevailing regulatory red tape and high costs.
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