How Will Indonesia Execute Its New $90bn Housing Program?

Key Summary:
- 15 million free houses for low-income over the next 5 years
- The project requires an estimated IDR1,500tn in total funding
- Do banks have sufficient liquidity to support this initiative?
The new Indonesian government under President Prabowo wants to expand the previous program to build 1 million housing for low-income families into a new 3 million new housing annually over the next 5 years.
This means that it plans to cover a total of 15 million new homes, aiming to address the country's housing backlog, expand financial access for informal workers, and ensure equitable subsidy allocation.