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Government sets target to build 225,000 units of low cost house (RSH) in 2005.(INFRASTRUCTURE)

Publication: Indonesian Commercial Newsletter
Date: Tuesday, June 28 2005

The Government has targeted to build 1 million units of low cost houses (RSH) in the next five years low income people. The government will cooperate with the Real Estate Indonesia, the association of housing developers to carry out the program.

In 2005, the target is 225,000 units of RSH. IN 2004, realization was only 75 units far short of the annual target of 225,000 units. REI, therefore is pessimistic that this year's target of another 225,000 units could be achieved. High cost economy is one of the reasons for the pessimism. With the high cost economy such as in fi

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