May 15, 2013

Palace of the Gods

Newspaper reads: Housing prices continue to rise, Palace of the Gods only 2.8 billion [rupiah].

Man: Is that the price, its so low...

While property developers are reaping big profits from Indonesia's booming property market, the high price of land caused by unproductive ownership, land and building speculation and the control of land and housing by a few is pushing housing prices beyond the reach of Indonesia's poor.

Kompas - May 15, 2013