The 3 Million Houses Program gained major momentum as the Indonesian Real Estate Developers Association (REI) declared its full support during its 53rd anniversary celebration in East Kalimantan. The event, held from May 14 to 16, brought together 1,000 REI members from 38 regional chapters across Indonesia. More than a celebration, the gathering marked REI’s…
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President Prabowo Subianto’s ambitious plan to build 3 million homes is facing significant delays, raising concerns among property developers. With no clear roadmap and slow government execution, the project remains stagnant, impacting the property market and related industries. Developers Express Concerns Over Delayed Execution Leading property developer associations have voiced their frustration over the slow…
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Foreign housing investment plays a crucial role in driving Indonesia’s ambitious housing initiatives. With President Prabowo Subianto’s goal to construct 3 million homes annually, foreign investors have stepped in as valuable partners. Their contributions not only address the housing shortage but also stimulate economic growth. Countries like China, Qatar, and the UAE have shown interest,…
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