Jakarta residents face housing crisis, with homes unaffordable at 20 times annual salary.

Residents in Jakarta, Indonesia, are struggling with skyrocketing housing costs, forcing many to buy homes in neighboring provinces and endure long commutes. The average house price is 20 times an annual salary, making homeownership out of reach for most. This crisis is highlighted by a film, "Home Sweet Loan," and has led to a government plan requiring employees to save 3% of their salary for housing from 2027, though many doubt its effectiveness.

2 months ago
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