Construct affordable housing complexes for low-income population, offered through low-cost financing schemes. Examples of some companies active in this space are:
PERUMNAS, founded in 1974, is a State-Owned Enterprise (BUMN) providing housing and settlements for the lower-middle income community. It has built >600,000 housing units in >150 cities in Indonesia. In 2016, it raised USD 18.82 mn in an equity round from the Government of Indonesia.
Elang Group, founded in 2007, is engaged in housing development, building thousands of affordable housing units in Bogor and surrounding areas. The group has built >10,000 houses so far and focuses on housing project with Simple Healthy Housing (RSH) concept
PT Waskita Karya Realty, founded in 2014, operates as a subsidiary of PT Waskita Karya (Persero) Tbk (hold 99.99% stake) and invests in, owns and develops real estate properties. As of 2019, it raised total USD 137.13 mn, including USD 1.1 mn in a Venture round PT Waskita Karya (Persero) Tbk.
PT Astra Modern Land, founded in 2016, is a joint venture between PT Mitra Sindo Makmur and PT Astra Land Indonesia. It provides real estate development services.
Promotion of affordable and climate resilient housing development to ensure quality accommodation for all sections of society.