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View all search resultsThe 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.
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.
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.
The public housing minister is doubling down on protecting consumers of the delayed multi-project LRT City development, calling on stakeholders to suggest solutions while urging an investigative audit by the BPK to assess the actual condition of state-owned developer ACP.
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.
The President's brother, who heads the public housing task force, says he has temporarily allayed Prabowo's concerns by pointing to the relatively recent existence of the housing ministry as a stand-alone institution.
During a meeting with the House of Representatives on Feb. 10, Public Housing and Settlements Minister Maruarar Sirait revealed that the Meikarta land has been granted for free by Lippo Group to the government.
Once synonymous with controversy and stagnation, Meikarta has resurfaced on Indonesia’s national housing agenda. The government plans to repurpose the site for subsidized vertical housing for low-income households, with around 30 hectares (ha) of Lippo Group-owned land reportedly provided “for free”. The arrangement raises broader questions about transparency and whose interests the policy ultimately serves.
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