Tuesday, 17 April 2012


          Although facilities of liquidity for home financing (FLPP) or mortgage (KPR) were launched since mid February last, it had not shown any record of sales of the subsidized homes. The Association of Indonesian Developers and Housing (Apersi) recorded only sales of 61 units of KPR houses realized in the past one month. The figure was way below Government’s target which in this year expected to sell 210,000 units.

            Chairman of APERSI, Eddy Ganefo stated that the low realization of FLPP liquidation was on account of minimum required and price of houses which by the Government was set at Rp 80 million per unit for homes measuring 36 m2. According to Eddy, if the rules remained to be applied the number of backlog would increase. “It’s hard to build type 36 m2 based on Government’s rule; this is not to mention maximum price being fixed at Rp 80 millions. We have anticipated this before, BTN Bank had set forth, it means only BTN had absorbed” Eddy explained in Jakarta on Thursday (22/3).

            Previously President Director of PT Bank Tabungan Tbk (BTN) explained that realization of subsidized KPR was still below expectation due to limited supply. “All there was in us about FLPP had been signed. The eligible type of house is type 36 m2. But not too many were sold; this month target was not met. We still have difficulty because supply was limited” he said.

 Business News - March 28, 2012

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