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View all search resultsThose 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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