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View all search resultsREI 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.
Those looking for a subsidized home – the only type of property affordable to most Indonesians – must look further and further away from the city as prices rise in urban centers. And that's a big problem, experts say.
A recent survey by Bank Indonesia (BI) revealed that the combined sales of small, medium and large houses fell by 43.19 percent year-on-year (yoy) in the first three months of the year, largely because of the unfolding COVID-19 pandemic.
The Indonesian Settlement and Housing Developers Association (Apersi) has set a conservative commitment target for subsidized houses next year, after taking into account the economic situation and existing government policy.
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