A subsidised housing complex in Puuwatu district, Kendari, Southeast Sulawesi, is pictured on Aug.1, 2024. Property developer association Real Estate Indonesia has blamed peer-to-peer loans for the bad credit history of some potential homeowners. - Antara
JAKARTA: Plans are being laid out for the development of approximately one million new urban housing units this year, primarily in the form of vertical housing, as part of President Prabowo Subianto’s three million houses programme.
But experts are unconvinced that simply erecting more residential towers will solve Indonesia’s urban housing woes.
