The 2017 One Million Houses Program will only achieve 700,000 units.

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27/11/2017 20:34 WIB

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One Million Houses Development Program (2015-2017)

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One Million Houses Development Program (2015-2017)

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The 2017 "One Million Houses" procurement program fell short of its target. The Ministry of Public Works and Public Housing (PUPR) projected only 700,000 houses would be completed by the end of the year. This 2017 target is lower than the previous year's but higher than 2015's.

The 2017 housing procurement target comprised 128,000 units from government programs, 279,000 houses from financing through the Housing Financing Liquidity Facility (FLPP) and interest subsidies, and 293,000 houses from non-state budget sources, involving private and public sectors. Therefore, over three years, the "One Million Houses" program will only achieve 2.2 million houses annually. Consequently, reaching the target of five million houses by 2019 will be challenging and require significant effort.

The target for government housing programs in 2018 is set at 197,000 houses and 268,000 in 2019. The target for housing financing in 2018 and 2019 is 267,000 houses each year.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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The 2017 One Million Houses Program will only achieve 700,000 units.

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