50 Percent More, Consumers Indonesia Calling KPR Process is Too Hard
By : Ridwan And Aldi Firhand. A | Friday, August 18 2017 - 13:39 IWST

Residence Illustration
INDUSTRY.co.id - Jakarta, Based on the results of the survey Rumah.com Property Affordability Sentiment Index 2017, as much as 86 percent of property consumers stated that the cost and process of Housing Loans (KPR) in Indonesia is quite convoluted. So they expect a policy that facilitates both by the government and banking institutions.
Meanwhile, 54 percent of consumers acknowledge that the government has made a number of efforts in reducing house prices, in order to be affordable especially for Low Income Communities (MBR).
"The flashback of the government's success on the reshuffling of the LTV rules in effect from August 2016 has had a positive impact: after the easing, mortgage growth in the following month increased 6.21 percent to 6.48 percent (year-on-year Based on the type, KPR type 22-70 and KPA under type 21 experienced the highest growth, "said Country Manager Rumah.com., Wasudewan via press release in Jakarta (17/08/2017).
Some of the so-called efforts still need to be boosted by the Government, according to him, is the policy of Loan to Value (LTV), aka loan ratio, property tax relief, and simplification of property ownership for Foreigners in Indonesia.
Meanwhile, according to survey results, 51 percent of Indonesians assume that the nominal downpayment of purchases of houses or apartments that are overvalued, is why they have not taken property credit facilities from banks till now.
"Advances themselves are generally collected by property seekers by saving techniques or profits from gold and mutual fund investments, while according to data from MarkPlus Insight, there are only 6.6 percent of women and 5.3 percent of men who set aside 20 percent of their monthly earnings For future savings, "explains Wasudewan.
In addition to the down payment issue, other reasons are causing the community yet
Applying for property loans is because it is still tied to other installments such as vehicles. Though viewed from the order of priority, which includes the primary needs are homes, not vehicles.
Another factor is not being able to repay property every month, does not require credit loans for the purchase of property, until it does not qualify for credit application due to employment status.
Wasudewan added that for people who are still hesitant to buy shelter in installments, it is better to dismiss the concern because this year is the right time to buy (buyer's time).
"We are committed to assist property seekers in determining the decision to purchase property by presenting Rumah.com Property Index as a source of data to help home seekers make decisions with confidence," he concluded.
Read Also
Jababeka Together with Japan’s Largest Developer (Mitsui Fudosan…
Jababeka Together with Japan’s Largest Developer (Mitsui Fudosan…
Coming Soon: Orange Groves at PIK 2, A new Riverside Destination…
Gov’t Gears Up to Build Housing at Nusa Tenggara’s Disaster-Affected…
Gov’t to Renovate 1,405 Housing Units in Riau This Year
Today's Industry

Kamis, 02 Februari 2023 - 12:25 WIB
New Gigabit Ethernet Switches From Red Lion Simplify Configuration With Robust Performance and Security Features
N-Tron® Series NT5000 gigabit industrial switches set a new standard for performance, reliability and ease of use, with security features designed to keep networks connected and protected Red…

Kamis, 02 Februari 2023 - 11:23 WIB
Rising Trends in Post-Covid Use of Recycled Products Benefit INOV
PT Inocycle Technology Group Tbk (INOV), an issuer engaged in recycling plastic bottle waste (PET) into Recycled Polyester Staple Fiber (RePSF), optimistic that its sales in 2023 will continue…

Rabu, 25 Januari 2023 - 09:30 WIB
ASLC Successfully Surpasses 2022 Used Car Sales Target via Caroline.id
PT Autopedia Sukses Lestari Tbk (ASLC), a company engaged in used vehicles auction and trading of used cars, succeeded in selling 2,481 units of used cars through used car dealers under its…

Kamis, 05 Januari 2023 - 22:29 WIB
New Economic Board, GOTO Share Moves Closer to Global Indices
The presence of the New Economic Board on the Indonesia Stock Exchange (IDX) brings many benefits to PT GoTo Gojek Tokopedia Tbk (GOTO). One of them is getting closer to the shares listing of…

Senin, 19 Desember 2022 - 23:51 WIB
ALDO Aims 2023 Sales to Increase More Than Double
PT Alkindo Naratama Tbk (“ALDO”), a listed company engaged in the integrated paper and chemical business are optimistic that the Company's performance in 2023 will improve, in line with…
News Comment