weekly business
Wednesday, October 26, 2011
Housing
Housing Law Enacted
THE House of Representatives (DPR) passed a multilevel housing bill into law at a plenary session on Tuesday last week. DPR Deputy Chairman of the Housing and Infrastructure Commission Mulyadi said that under the new law developers are obligated to set aside at least 20 percent of total floor area of condominiums or apartments they build for multilevel housing. "The law will protect consumers before and after purchase of
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