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Regulations 1 year ago
PREMIUM
Ministry admits no progress yet despite big investment pledges for housing program
Fahri pointed to several hurdles, including land issues and lack of demand, hampering rollout of the funding commitments made by foreign entities that the government had secured over the past months, as quoted from Bisnis.com.
Archipelago 1 year ago
PREMIUM
Govt to convert inner-city prisons into public housing
According to Maruarar, the plan to transform correctional facilities into public housing was proposed by President Prabowo, who highlighted that many prisons in the country are located in "strategic" urban locations. By repurposing these sites to public housing, President Prabowo aims to "optimize state assets" while addressing the growing housing backlog in densely populated areas.
Economy 1 year ago
PREMIUM
Qatar to help financing Prabowo’s housing program: Deputy minister
In late October, Public Housing and Settlements Minister Maruarar Sirait estimated the ministry would need over Rp 23 trillion (US$1.44 billion) to meet the needs of the housing program annually, but for next year the Finance Ministry has only earmarked Rp 5 trillion.
Regulations 1 year ago
PREMIUM
Govt halts big infrastructure in trade-off for food security: Minister
Funding for new infrastructure is currently frozen at the directive of Finance Minister Sri Mulyani Indrawati, pending coordination among ministries under the leadership of the National Development Planning Agency (Bappenas).
Academia 3 years ago
PREMIUM
Addressing inequality and urban segregation in Jakarta
In 2019, a whopping 14.4 percent of Jakarta households were in slum areas, while the development of exclusive residential areas such as gated communities and vertical housing was on the rise, indicating increasing urban economic segregation.
Business 6 years ago
Govt hopes to boost homeownership through new Tapera program, but employers, workers concerned about fees
President Joko “Jokowi” Widodo signed Government Regulation (PP) No. 25/2020 on Tapera on May 20, which provides instructions for fund management body BP Tapera and makes membership compulsory for all workers.
Business 6 years ago
PREMIUM
Property developers express concern over ‘thinning’ housing loan subsidy
Property developers are lobbying the government and House of Representatives over what they call “thinning” funds allocated to the government’s subsidized housing program, which has become a key growth driver in the sector.
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