Indonesia Targets Massive Housing Initiative to Address Shortage
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Indonesia: Indonesia's incoming government has set a target to build 2 million houses annually in rural areas and 1 million apartment units per year in urban areas to address the nation's housing shortage. This initiative aims to support nearly 11 million families awaiting adequate housing and upgrade 27 million existing homes deemed unsuitable due to a lack of essential services. The programme is expected to contribute positively to the economy, with the construction and property sectors serving as significant drivers of economic growth, similar to their impact in other countries.
Source: Jakarta Globe