The Controversy of Tapera

Public Housing Savings (Tapera) is a deposit made by participants periodically within a certain period of time that can only be used for housing financing and/or returned along with the proceeds after membership ends. Tapera was created with the aim of collecting and providing low-cost, long-term sustainable funds for housing financing in order to meet the needs of decent and affordable housing for participants, with the principle of mutual cooperation.

The implementation of Tabungan Perumahan Rakyat (Tapera) has sparked widespread debate in Indonesia. Tapera is a mandatory savings program for housing finance that aims to assist citizens in acquiring affordable housing. However, the policy has received both support and opposition. This discussion will look at the arguments for and against Tapera, with a particular emphasis on critics' points of contention.

Tapera proponents argue that the program provides significant benefits. Basuki Hadimuljono, Minister of Public Works and Housing, believes Tapera provides a financial safety net, making it easier for people to buy homes. He emphasizes that monthly contributions are an investment in one's future, rather than a waste of money.