13th Economic Policy Package Indonesia: Low-Cost Housing
Earlier this week the government of Indonesia released its 13th economic policy package. This 13th edition focuses on the reduction of bureaucracy (red tape) in a bid to boost the construction of low-cost housing for the poorer segments of Indonesian society. Currently, property developers are required to obtain 33 permits before they can start to build affordable housing for the low-income people of Indonesia. This results in a costly and time-consuming process.