Thursday, July 24, 2025
No Result
View All Result
Indonesia Sentinel
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
No Result
View All Result
Indonesia Sentinel
No Result
View All Result
ADVERTISEMENT
Home Economic

Indonesia Plans to Utilize Corruption Case Land for President Prabowo 3 Million House Program

by Raidi
2024-11-16
in Economic
A A
Prabowo house program

Illustration (Pinterest)

Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

Jakarta, Indonesia Sentinel — Indonesia’s Minister of State-Owned Enterprises (BUMN), Erick Thohir, has pledged support for President Prabowo Subianto’s ambitious program to construct 3 million house. As a first step, the Ministry of BUMN has begun mapping out land owned by the Ministry that could be used for housing projects.

“Minister of Housing and Settlement, Maruarar Sirait (Ara) recently visited us. Similar to his approach, we’re currently identifying land that can support this accelerated housing initiative,” Erick said during a press conference at the Ministry of BUMN in Central Jakarta on Friday, November 15.

Erick stated that his ministry had already begun the initiative by collaborating with the Ministry of Public Works (PU) to optimize underutilized land, particularly around train stations, and transforming it into transit-oriented developments (TOD). According to Erick, this approach not only maximizes land use but also supports affordable housing.

RelatedPosts

Coretax Indonesia Issues, No Deadline Set for Transition Period!

Zulkifli Hasan: Indonesia will be Known as a High-Tech Services Exporter

“We’ve made an initiative move with the Ministry of Public Works by developing TOD projects on previously underutilized land around railway stations. These areas now offer housing options with subsidies for both low- and middle-income families,” Erick explained.

ADVERTISEMENT

Utilizing Confiscated Land from Corruption Cases

To further support President Prabowo 3 million house program, Erick and Minister Ara expanding the search for land resources. This includes identifying plots seized from corruption cases and other underdeveloped properties.

“Minister Ara is mapping out areas for public housing. He’s also pushing for the utilization of confiscated land, such as assets recovered from corruption cases, or unused land that can be repurposed for building these 3 million homes,” Erick added.

Air Pollution Reaches Dangerous Levels in South and Southeast Asia

Responding to this initiative, the Ministry of Finance has already given the green light for the use of assets seized from corrupt officials to be redirected towards public housing projects.

Rionald Silaban, the Director General of State Assets at the Ministry of Finance, emphasized that confiscated assets, once legally transferred to the state, can be fully utilized for government programs, including housing.

“Assets that have been seized and are now state property can definitely be used for housing development,” Silaban said at the Office of the Coordinating Ministry for Infrastructure and Regional Development on Friday, as reported by IDNTimes.

Reducing Housing Costs and Extending Mortgage Terms

Erick Thohir highlighted that by optimizing land owned by ministry of BUMN and utilizing confiscated assets, the government aims to significantly reduce the cost of homeownership and rental rates for the public.

“The goal is to lower the prices of these homes by using land that doesn’t need to be purchased,” Erick noted.

Additionally, Erick proposed extending mortgage repayment terms from the current 15 years to 30 years. This adjustment, he believes, will alleviate financial burdens on potential homeowners, making it easier for Indonesians to afford their own homes.

“We’re advocating for longer mortgage terms, extending them from 15 to 30 years, which will have a positive impact on the economy,” Erick concluded.

The initiative to optimizing underutilized land owned by Ministry like BUMN and repurpose confiscated land from corruption cases for public housing not only addresses Indonesia’s housing needs for President Prabowo 3 million house program, but also confirms Indonesia’s broader commitment to realizing it.

 

(Raidi/Agung)

Tags: BUMNErick ThohirPrabowo Subianto
ADVERTISEMENT

Related Posts

Indonesia Continue Negotiations with U.S., Secure 0% Import Tariffs on Several Essential Commodities

2025-07-22

Jakarta, Indonesia Sentinel -- The Indonesian government is continuing negotiations with the United States in an effort to secure zero...

Trump Tariffs

Indonesia to Buy 50 Boeing in a Deal to Avoid Trump 32% Tariffs

2025-07-22

Jakarta, Indonesia Sentinel -- Indonesia has agreed to purchase 50 Boeing aircraft from the United States as part of a...

Benchmark Interest Rate

Bank Indonesia Cuts Benchmark Interest Rate to 5,25% in July 2025

2025-07-21

Jakarta, Indonesia Sentinel -- Bank Indonesia has decided to lower its benchmark interest rate, known as the BI Rate, by...

Trump Tariff

Trump Announces 19% Tariff on Indonesian Imports, While U.S. Gains Full Access to Indonesian Resource

2025-07-17

Jakarta, Indonesia Sentinel -- U.S. President Donald Trump announced a new 19% import tariff on goods from Indonesia on Tuesday...

E-Commerce Tax

Indonesia Mandates E-Commerce Platforms to Collect Income Tax from Online Sellers

2025-07-16

Jakarta, Indonesia Sentinel -- Indonesia’s Finance Minister Sri Mulyani Indrawati has officially issued a regulation requiring e-commerce platforms to collect...

coal benchmark price

Indonesia Set July Coal Benchmark (HBA) Price at $107.35 per metric ton, Raises Nearly 9%

2025-07-15

Jakarta, Indonesia Sentinel -- Indonesia’s government has raised its coal benchmark price (Harga Batubara Acuan or HBA) for the first...

Tariff Negotiations

Indonesia to Resume Tariff Negotiations with U.S. Following 32% Reciprocal Tariff

2025-07-11

Jakarta, Indonesia Sentinel -- Indonesia is set to resume trade negotiations with the United States over the next three weeks,...

Copper Imports Tariff

Trump Proposes 50% Tariff on Copper Imports, Sending Prices to Record Highs

2025-07-11

Jakarta, Indonesia Sentinel -- President Donald Trump announced plans Tuesday to impose a 50% tariff on all copper imports into...

2026 Macroeconomic Assumptions

Indonesia Sets 2026 Macroeconomic Assumptions for Draft State Budget

2025-07-08

Jakarta, Indonesia Sentinel -- Indonesia’s government and parliament have agreed on the 2026 Macroeconomic Assumptions, which will serve as the...

Indonesia Foreign Reserves

Indonesia Foreign Reserves Rise to $152.6 Billion in June, Central Bank Reports

2025-07-08

Jakarta, Indonesia Sentinel -- Indonesia foreign exchange reserves rose slightly to $152.6 billion at the end of June 2025, according...

Load More
Next Post
Typhoon Philippine

Philippine Evacuates Thousands as Typhoon Man-yi Approaches

Popular

  • Mentawai Tribe

    Mentawai Tribe Tooth Sharpening Tradition as a Symbol of Beauty, Culture, and Sacrifice

    0 shares
    Share 0 Tweet 0
  • Suku Mante, Mysterious Tribe Living in the Vast Forests of Aceh

    0 shares
    Share 0 Tweet 0
  • Indonesia’s Life Expectancy Rises to 74.15 Years in 2024, Statistics Agency Reports 

    0 shares
    Share 0 Tweet 0
  • TikTok Shop GMV 2024 Hits $32.6 Billion, Indonesia Second Largest Contributor

    0 shares
    Share 0 Tweet 0
  • Indonesia Boasts an Outstanding Number of Islands, How Many?

    0 shares
    Share 0 Tweet 0

Recommended

Temu Application china

Vietnam Joins Indonesia Against Temu Application China Market Disruption Tactics

9 months ago
ChatGPT WhatsApp

ChatGPT Now Available on WhatsApp as Virtual Assistant

7 months ago
ADVERTISEMENT

Indonesiasentinel.com is an independent online news portal committed to providing accurate, in-depth, and up-to-date news about Indonesia. Since 2021, we have been a trusted source for millions of readers seeking relevant and reliable news.

Part of:

Information Page

  • About
  • Editorial
  • Privacy Policy
  • Disclaimer
  • About
  • Editorial
  • Privacy Policy
  • Disclaimer

Contact

  • contact@indonesiasentinel.com
© 2021 Indonesia Sentinel

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science

© 2024 Indonesia Sentinel