Property Industry Grows, BTN Optimistic Reaches Target to Build Subsidy House

By : Herry Barus And Aldi Firhand. A | Monday, October 23 2017 - 22:35 IWST

President Jokowi accompanied by State Minister of State Own Enterprises, Minister of PUPR and President Director of Bank BTN at IPEX 2017 (dok Industry.co.id)
President Jokowi accompanied by State Minister of State Own Enterprises, Minister of PUPR and President Director of Bank BTN at IPEX 2017 (dok Industry.co.id)

INDUSTRY.co.id - Kendari- PT Bank Tabungan Negara Kendari, Southeast Sulawesi (Sultra), said it is optimistic to reach the target of building 1,945 units of subsidized houses by 2017.

Head of BTN Credit Kendari, Riski Werdana in Kendari, Sunday (22/10/2017) said until October 2017 has completed the construction of 1340 units spread in Kendari City, South Konawe, Kolaka and Baubau City.

In realizing a national program of 1,000,000 subsidized homes, BTN Sultra is cooperating with 95 housing construction entrepreneurs.

"Bank BTN selectively approves the developers who are partners in realizing the construction of subsidized housing, some developers are not eligible to become partners of BTN because they reneged on the agreement," Riski said.

Bank BTN Sultra data from January to September 2017 has disbursed a mortgage of Rp156.5 billion for a credit agreement of 1,340 units.

"House type 36 built by partner BTN businessman sold for Rp129 million with the installment period varies between 10 years to 15 years" said Riski.

Realization of subsidized housing loan from January to September 2017 amounted to Rp156, 5 billion significantly increased compared to January-September Year 2016 amounting to Rp141 billion.

The substantial realization of subsidized housing loan disbursement has been prompted by several things, such as high participation, fast and targeted services.

In addition, he said, the appeal of consumers having a subsidy house is Bank BTN preparing an advance payment of Rp4,000,000.

The requirement of having a government subsidy house is that the applicant has no home, the applicant's income is not less than Rp4,000,000 per month and has been 21 years old

News Comment

Today's Industry

 Huawei ICT Competition 2022–2023 Global Final Closing and Awarding Ceremony (Photo: Huawei)

Jumat, 02 Juni 2023 - 17:40 WIB

Huawei ICT Competition 2022-2023 Global Final Held in Shenzhen — 146 Teams from 36 Countries and Regions Win Awards

The Huawei ICT Competition 2022-2023 Global Final concluded in Shenzhen, drawing to a close the seventh installment of this competition.

CleverTap logo

Jumat, 02 Juni 2023 - 15:50 WIB

CleverTap launches local deployment of its SaaS platform in Indonesia

CleverTap, the leading global B2B SaaS platform for customer engagement and retention, has made its platform available within Indonesia through data centers hosted on Amazon Web Services (AWS),…

President Jokowi inaugurated the 2nd Kretek Bridge, in Bantul, DI Yogyakarta, Friday (02/06/2023). (Photo: BPMI Setpres)

Jumat, 02 Juni 2023 - 15:10 WIB

Inaugurated by the President, the Kretek 2 Bridge Strengthens the Java Southern Route

RI President Joko Widodo (Jokowi) inaugurated the Kretek 2 Bridge, Friday (02/06/2023) morning, in Bantul Regency, DI Yogyakarta. This bridge will support the Southern Cross Road (JJLS) which…

President Jokowi led the Pancasila Harlah Commemoration ceremony, which was held in the National Monument Area, Jakarta, Thursday (01/06/2023). (Photo: Public Relations of Setkab/Oji)

Jumat, 02 Juni 2023 - 14:00 WIB

President Jokowi: Pancasila is the Foundation of Indonesia's Success in Facing Global Challenges

In the midst of the global crisis, Indonesia is one of the few countries that has succeeded in maintaining economic, social and political stability as well as controlling inflation, growing…

Minister of Investment/Head of BKPM Bahlil Lahadalia (Photo: Public Relations of Setkab/Rahmat)

Jumat, 02 Juni 2023 - 13:30 WIB

President Encourages Acceleration of Electric Battery Ecosystem Development

Indonesian President Joko Widodo (Jokowi) encourages the acceleration of investment realization for the development of the electric car battery ecosystem which will be carried out in the Bantaeng…