Low-Cost Profiteering
Wednesday, March 17, 2010
Most of the subsidized low-cost homes have been bought out by wealthy people. The government must intervene to reduce this distortion and reform building regulations.
arsip tempo : 178041308165.
IT has been three years since the government started the Thousand Towers Rumah Susun (low-cost apartments) program in 10 large cities in Indonesia. So far the results have been disappointing. Rich people have flocked to buy these low-cost homes for investment purposes. The original aim of the program, to provide housing for low-income city dwellers, has not been achieved.
Two points can be made from these facts. Firstly, only a few of these subs
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