Weekly Business

APARTMENTS
Behind Schedule

ONLY 20,000 units of the subsidized apartments know as rusunami have been completed so far in Jakarta, half of the targeted number set for construction this year. "All permits for the entire project have, however, been acquired," said Setya Maharso, head of the Jakarta Realtors Association, on Thursday.

According to Setyo, high land price and high rate of interests has stalled construction. Rusunami is a government project d

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