Land Banking : Solution for Agrarian Reforms

Posted on : The Jakarta Post, 22 December 2017
(Certified Property Valuer & Real Estate Analyst at Amin, Nirwan, Alfiantori & Partners Valuation Firm)

Housing backlog in Indonesia is relatively high. According to the Ministry of Public Works and People’s Housing, the housing backlog in Indonesia has reached 13.5 million units. This figure indicates that there are 13.5 million families that have no living place and/or permanent living place. Even the latest data from Perumnas stated that there is an increase in housing needs of about 800,000 units each year, caused by population growth and urbanization. On the other hand, the supply of houses that can be met in the residential class segment for low-income communities (MBR) is only 400,000 units per year, with a gap of 400,000 units per year. According to the data taken from Central Bureau Statistics, DKI Jakarta is the province with one of the lowest home ownership rate of 51.09%. (more…)