ECONOMY | Owning a house remains challenging for millennials

This aerial picture taken on August 4, 2021 shows a housing complex for residents in Jakarta, near the border with a neighboring province.(AFP/Bay Ismoyo) Share this article Whatsapp Facebook Twitter Linkedin

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Despite residential property prices having appreciated at a rate much lower than inflation over the past year, a home of their own remains out of reach for most millennials.

State-Owned Enterprises Minister Erick Thohir said last month that 81 million young adults in Indonesia struggled to buy a home.

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“According to data from the Public Works and Housing Ministry, there are 81 million millennials of various statuses who have not yet acquired housing facilities,” Erick affirmed when accompanying President Joko “Jokowi” Widodo to the inauguration of a housing estate in Depok, West Java, on April 13, as quoted by Merdeka.

Yohana Belinda
The Jakarta Post

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