Asia News Network·2 min read·medium
Cost pressures, weak demand cloud Indonesian government’s housing program
✦AI Summary
Indonesian President Prabowo Subianto has launched a major subsidized housing mortgage program. However, developers remain concerned that high costs and weak market demand may hinder the program's success.
July 31, 2026 JAKARTA – President Prabowo Subianto held a mass signing ceremony on Thursday for 62,000 subsidized housing mortgages and Rp 880 billion (US$48.7 million) under the Housing Credit Program (KPP), even as developers warn that rising const... [5261 chars]
economybusiness
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