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View all search resultsThe 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.
The Public Housing and Settlements Ministry plans to transform parts of the long-stalled Meikarta project in Bekasi, West Java, into a subsidized apartment complex (Rusun) to provide affordable homes in urban areas for low-income earners.
Developers and experts in the property industry have hit back at the government's proposed housing offtake agency, raising questions about funding and staffing as well as concerns regarding added inefficiencies, especially amid the ongoing slew of costly flagship projects.
In a bid to accelerate absorption and address the national backlog, the housing ministry has proposed setting up a Bulog-like agency to purchase completed homes from developers for reselling to the market under the government's "3 million homes" program.
Though a property association has hailed a draft proposal to downsize subsidized houses as a price stabilization move, the housing task force questions whether this is necessary to provide 3 million affordable homes each year under the President's ambitious program.
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