Cempaka Development, Construction & Utilities: Govt to spend Rp 2.5 t on public housing

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Saturday, January 31, 2009

Govt to spend Rp 2.5 t on public housing

The Jakarta Post | Sat, 01/31/2009 8:10 PM

The government will disburse Rp 2.5 trillion (US$220 million) in the form of subsidies to help develop 170,000 units of houses 40,000 apartment units this year.

State Minister for Public Housing Mohammad Yusuf Asy’ari said in Banda Aceh on Saturday that the subsidies would be equally distributed throughout the province.

“We will work with the provincial government in distributing the funds. It will be implemented in a first come-first served basis,” Yusuf said.

Earlier reports state that those eligible to get the subsidy tax payers with monthly income no more than Rp 4.5 million. (and)