A Modest Adjustment on Ex-President Housing


The government has changed the building specifications of houses dedicated to former presidents and vice presidents through Finance Ministerial Regulation (PMK) No. 120/2022. This regulation, issued on July 28, 2022, standardizes the area, shape, dimension, and layout of houses to support the activities of former presidents, vice presidents, and their respective family members.

Article 3 of the regulation states that the plot of land used for the project shall not exceed 1,500 square meters, mainly if it is located in Jakarta. If the location is outside Jakarta, the price of the total area must be equivalent to 1,500 square meters of land in Jakarta. This housing project for former presidents and vice presidents can be carried out through the purchase of land and buildings, the land purchase and the building construction, or the house renovation on privately owned land.

**PMK No. 120/2022 is available for download at the end of this article

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you’ll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.