Part 7/8:
The plight of buyers like Hafsa and Jodi has caught national attention. Indonesian authorities are working on creating a blacklist of irresponsible developers whose failed projects have left thousands in limbo. Despite this, by the time such measures are in place, many buyers—already ensnared in problematic projects—face long-term consequences.
A Cautionary Tale for Future Homebuyers
Hafsa and Jodi’s story underscores the importance of due diligence, financial preparedness, and cautious optimism when investing in property, especially off-plan developments. Their ongoing hardship—paying rent, mortgage installments, and supporting their young family—highlights the ripple effects of unchecked real estate risks.