PRICE OF RUSUNAMI APARTMENTS TO INCREASE BY 20%

           The Minister f People’s Housing Djan Faridz stated that there would be in the price of Rusunami apartments at least by 20%; the increase was based on size of inflation happening each year.

          Minister Djan put as analogy increase of Rusunami price with increased price of essential need like rice. The price of rice of four years ago was different than the present price similarly the price of Rusunami must have changed as time by and it was better for the Government to review it “The price of Rusunami flats will be reviewed by the Government, and we are calculating it. Ideally if inflation was 5% per year there would be 20% increase” Djan disclosed in Bekasi on Friday (11/11).

      Somehow price adjustment of Rusunami was not the only solution to increase investment needed by developers in procuring flats for the low income group. In this case the Government had another option, i.e. if price of Rusunami could not be too high the Government could extend aid in the form of subsidy as additional equipments (forklifts, etc). “We also review income of Rusunami users. In terms of permit expenses, Rusunami would be exempted. Perhaps income of the Provincial Government would be less, but we will look further into it. Normally inflation rate was identical with essential needs but not with building materials” Djan was quoted as saying.

          Previously the Deputy of Formal Housing, Pangihutan Marpaung said that evaluation of Rusunami price had its objective to attract developers to built Rusunami without reducing consumers’ purchasing power. In these few days it was under evaluation in regard to maximum limit of selling price, deposit, permit, and regulations.

           So far price of Rusunami that might be subsidized by the Government was Rp 144 million at the maximum per unit. That price was exclusive of PPn Value added tax. Meanwhile on developers PPn tax imposed was 1%. Still developers feel that the tax was too heavy, For that matter they proposed increase of Rusunami price to become Rp 180 to Rp 200 million per unit.

         Meanwhile to  maintain people’s purchasing power, especially the low income group, the Government still extended subsidy for ownership i.e. through the House Financing Liquidity Facilities (FLPP).

          On the developers’ side, in accordance with the Law of Apartments, there would be allocation of subsidy for credit interest or construction credit. Besides, to suppress the investment spent by developer, the provincial government would spare land for Rusunami development.

         In accordance with target of the Ministry of People’s Housing, by 2014 1,000 Rusunami towers would be built. Of that number, as per 2006 up till now there were already 700 towers including 300 towers constructed and handed over to owners.