Prabowo plans to build, renovate three million homes annually

Quick Summary:

A top adviser to president-elect Prabowo Subianto has said that the incoming administration plans to build three million housing units per year and that smaller businesses rather than big construction conglomerates are to get the largest part of the pie.

He went on to say that there was a backlog of 10.7 million housing units in the country, on top of 27 million households living in residences categorised as uninhabitable.

The other two million units, meanwhile, are planned for rural areas and to be handled by medium, small and micro enterprises (MSMEs), cooperatives and village-owned businesses (BUMDes).

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaSingapore

Topics: Property /Business/Business News AffordableHousing MSMEGrowth JobCreation PrabowoAdministration IndonesiaEconomy EconomicMultiplier RuralDevelopment HousingDevelopment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 00:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 545 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22959217

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