Holds IPEX 2018, BTN Targets New Loans Worth Rp 5 Trillion

INDUSTRY.co.id - Jakarta, In order to welcome the 68th Anniversary, PT Bank Tabungan Negara (Persero) Tbk. again held a property exhibition titled Indonesia Property Expo (IPEX) 2018.

The event was also held to succeed One Million House Program launched by President Joko Widodo (Jokowi) on April 29, 2015 ago.

President Director of BTN Maryono predicts the property sector will experience a positive contraction this year in line with the projected economic growth.

According to Maryono, in the opening ceremony of IPEX 2018 at JCC, Jakarta, the opening of IPEX 2018 in JCC, Jakarta, Saturday (3/2/2018).

He added that at this time the number of home demand is still high or reach more than 11 million units. "With the increase in purchasing power this year coupled with the various promotions we provide, BTN is optimistic to print new credit worth Rp5 trillion from IPEX 2018," he said.

He continued, the belief was underpinned by various attractive promotions offered at IPEX 2018 and projections back in the property sector because of the improved economic recovery this year and the number of occupancy demand is still high.

The exhibition of IPEX 2018 contains more than 868 residential projects from 152 developers in Indonesia. Housing projects are spread in various regions ranging from Jabodetabek, West Java, Central Java, East Java, Sumatra, Sulawesi, and Kalimantan.

Of the hundreds of housing projects, as many as 60 percent are horizontal residential units while the rest are vertical with a selling price ranging from Rp130 ​​million to Rp 5 billion.

To have the dwellings offered in IPEX 2018, BTN offers a variety of exciting promotions. For the Non-Subsidized House Ownership Credit scheme, the BBTN-coded stock issuer has promo rate of developer subsidy of 4.68 percent fixed one year.

BTN also provides a small advance payment facility ranging from five percent for KPR and Non-Subsidized Apartment Ownership Loan (KPA). A variety of interesting promotions that can also be enjoyed by visitors from this annual exhibition which is free of charge provision, free administration fee, free of charge appraisal, and life insurance discount.

"People can also buy a house offered in this event using the Subsidized KPR scheme with an interest rate of only five percent fixed over the loan period, one percent down payment, 50 percent provisional fee discount, and free of charge for the final inspection report," explained he.

In IPEX 2018, the company also launched KPR Zero products to make it easier for Indonesians to have a home. Through the product which is a rebranding of the Easy Payment KPR, the debtor only pays the mortgage interest with the principal grace period for two years.

"KPR Zero also offers a waiver of basic cost payments, and with the facilities we offer, we expect more people to reach home with affordable prices and schemes," he concluded.