PROPERTY
Arrested Regional Development

The national property industry is in a state of suspended animation. Many regions still do not have regulations on the Acquisition of Rights on Land and Building Duty. Businesspeople are suffering losses. Also in danger is the national house provision target.

February 16, 2011

IT was heartbreaking to look at the half-finished house. Standing on a 300-square-meter plot of land, it was apparently just abandoned by the construction workers. The interior was a mess. Although the modern minimalist design structure was already taking shape, the walls had not been plastered yet. Some tools were piled up in one corner.

The building was just one of the 12 houses in the elite residential project on the Java Land cluster, Sumbe

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