REI Welcome to the LTV Relaxation Policy

By : Anisa Triyuli And Aldi Firhand A | Tuesday, July 03 2018 - 21:45 IWST

Residence Illustration
Residence Illustration

INDUSTRY.co.id - Solo - Real Estate Indonesia (REI) Central Java welcomes the release of the policy on relaxation of "loan to value" (LTV) for home purchase as it will certainly provide fresh air for the growth of the property business.

"Hopefully with this policy will be better, although indeed in Central Java there is not a correlation," said Chairman of REI Central Java MR Prijanto in Solo, Monday (2/7/2018)

He said the purchase of houses in Central Java is mostly done by consumers who really want to use the house as a place to live.

According to him, it is different from other big cities such as Jakarta which most of its customers are investors.

"If in Jakarta, this kind of policy will be very influential," he said.

Prijanto said it was different from that in Central Java where people would buy the house either with or without a down payment.

"For example with financial limitations, he will take the house with a low down payment," he said.

Meanwhile, Bank Indonesia (BI) said the LTV relaxation will have a positive impact for the growth of the property sector in one of Soloraya's homeland areas.

"This policy will certainly provide a positive stimulus for housing growth in Soloraya," said the Head of the BI Office of the Surakarta Representative, Bandoe Widiarto.

He said one of the perceived impacts of the property sector would be to contribute greatly to driving the economy in Soloraya.

"The hope of lending to the property sector will continue to increase," he said. (Ant)

News Comment

Today's Industry

Launch of OKINO C100, tiny vape with O-Tape Coil technology. (Photo: OKINO Public Relations)

Kamis, 29 September 2022 - 15:38 WIB

OKINO C100, Tiny Vape With O-Tape Coil Technology

The consumption of e-cigarettes in Indonesia continues to increase. The Indonesian Personal Vaporizer Association (APVI) estimates that there are currently 2.2 million e-cigarette (vape) users.…

EH Free Swinging Hinges

Kamis, 29 September 2022 - 12:00 WIB

Southco Introduces Free-Swinging Hinges in New Materials to Meet Demanding, Heavy-Duty Applications

Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning…

President Jokowi distributes direct cash assistance in South Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 21:50 WIB

President Jokowi Distributes Assistances in South Buton

President Joko “Jokowi” Widodo Tuesday (09/27) distributed direct cash assistance (BLT) for fuel for beneficiaries of Family Hope Program (PKH) at Batauga post office, South Buton regency,…

President Jokowi at the inspection at PT Wika Bitumen, Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 19:00 WIB

President Jokowi Pushes for Revival of Asphalt Producing Industries in Buton

President Joko “Jokowi” Widodo Tuesday (09/27) expressed hope to Buton regency, Southeast Sulawesi province to maximize its potential so it can re-emerge as an asphalt-manufacturing industrial…

KRAIBURG TPE presents THERMOLAST® R

Rabu, 28 September 2022 - 17:00 WIB

KRAIBURG TPE to campaign in Düsseldorf: The focus is on sustainable products and discussion

To ensure that customers of KRAIBURG TPE always achieve the best result, individual materials solutions are developed for many requested applications. The result: Right in time for the 2022…