#Housing
MK upholds People’s Housing Savings Law, mandates restructuring within two years
The Constitutional Court (MK) has approved the full judicial review of Law No.4/2016 on the People’s Housing Savings (Tapera), requiring that Tapera be restructured within a maximum of two years after the decision is announced.
Qatar’s US$20 billion housing investment stalled over KAI leadership reshuffle
Deputy Minister of Housing and Settlement Areas, Fahri Hamzah, has revealed that the US$20 billion (Rp321 trillion) investment from Qatar has been delayed due to a reshuffle of the board of directors and commissioners at state-owned railway company PT Kereta Api Indonesia (KAI).
Indonesia plans to build Haj Village in Mecca, awaits land ownership reform
The Indonesian government is exploring the purchase of land in Mecca, Saudi Arabia, to develop a dedicated residential complex for Indonesian Haj pilgrims, dubbed "Kampung Haji" or the Indonesian Haj Village, aimed at accommodating the large number of Indonesian pilgrims and reducing the cost of Haj and Umrah services.
Maruarar Sirait cancels proposal for subsidized tiny houses
Minister of Public Housing and Settlement Areas, Maruarar Sirait, has withdrawn his controversial proposal to reduce the size of subsidized housing units, following mounting criticism from lawmakers and the public.
Indonesia set to launch Rp130 T housing KUR program this month
The Ministry of Public Housing and Settlements is preparing to roll out a landmark housing-focused People’s Business Credit (KUR) program worth Rp130 trillion (US$8 billion) by the end of this month.
Indonesia pushes climate-resilient housing fund at BRICS urbanization forum
Minister for Infrastructure and Regional Development, Agus Harimurti Yudhoyono (AHY), has called for the creation of a dedicated climate-resilient housing finance mechanism and stronger cross-country collaboration to build cities more resilient to climate change.
Danantara to provide Rp130 T for national housing project
State investment management agency (BPI Danantara) has pledged an investment of Rp130 trillion (US$8 billion) to support the national housing initiative led by the Ministry of Housing and Settlements.
Astra Property prepares new strategy to boost first-time homebuyer market
Astra Property, a subsidiary of Astra International engaged in commercial, residential and industrial properties, is formulating a special strategy to target the first-time homebuyer market segment, in line with the shifting trend of property consumer needs in Indonesia.
Mochamad Basuki Hadimuljono
Mochamad Basuki Hadimuljono was born in Surakarta, Central Java in 1954. Basuki is the current Minister of Public Works and Public Housing. Basuki is the fourth of eight children. His father was a soldier from the Army. As a child he often moved around following his father's duties.