Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Robert Sidauruk
On Friday (26/4), Deputy Governor of Bank Indonesia (BI) Perry Warjiyo addressed the growing concern regarding the increase of property credit loans and assured that BI always monitors the credit development for the property sector.
Perry explained that there has been an increase of loan applications for the residential property market in several regions of Indonesia.
For instance, property credit loan applications increased by 31% in Jakarta, by 66% in Banten, 42% in West Java, 64% in Bali, 53% in South Sulawesi, 70% in South Sumatera, and by 54% in East Kalimantan.
One of the biggest concerns in the report is the risk of a price bubble as a consequence of a rapid price increase in the property market.
However, Perry asserted that the current property market situation is under strict BI supervision.
“BI is currently monitoring the development of prices and credit lending for residential property,” he confirmed.
Meanwhile, Difi A. Johansyah, Director of Public Relations at BI, explained that even though the current credit lending is relatively high, Indonesia is still far from the risk of the bubble burst.
“Backlog in the [demand for property] in Indonesia currently reached 13 to 15 million units of land, while the annual availability of property is only 1.5 million units,” he added.
Difi referred to the Emerging Trends in Real Estate @ Asia Pacific 2013, a survey conducted by Urban Land Institute, New York.
The survey explained that Indonesia remains attractive for property investment in Asia Pacific and is ranked first in commercial office, apartment, and retail investment with value of properties reaching USD 189 billion.
BI has also issued Circular Letter No. 14/10/DPNP on the Application of Risk Management for Bank in Providing Home Ownership and Motor Vehicle Credit, which obliges banks to conduct due diligence in providing credit for residential homes and motor vehicles.
(hot/jt)
Fathan Qorib, Robert Sidauruk
On Friday (26/4), Deputy Governor of Bank Indonesia (BI) Perry Warjiyo addressed the growing concern regarding the increase of property credit loans and assured that BI always monitors the credit development for the property sector.
Perry explained that there has been an increase of loan applications for the residential property market in several regions of Indonesia.
For instance, property credit loan applications increased by 31% in Jakarta, by 66% in Banten, 42% in West Java, 64% in Bali, 53% in South Sulawesi, 70% in South Sumatera, and by 54% in East Kalimantan.
One of the biggest concerns in the report is the risk of a price bubble as a consequence of a rapid price increase in the property market.
However, Perry asserted that the current property market situation is under strict BI supervision.
“BI is currently monitoring the development of prices and credit lending for residential property,” he confirmed.
Meanwhile, Difi A. Johansyah, Director of Public Relations at BI, explained that even though the current credit lending is relatively high, Indonesia is still far from the risk of the bubble burst.
“Backlog in the [demand for property] in Indonesia currently reached 13 to 15 million units of land, while the annual availability of property is only 1.5 million units,” he added.
Difi referred to the Emerging Trends in Real Estate @ Asia Pacific 2013, a survey conducted by Urban Land Institute, New York.
The survey explained that Indonesia remains attractive for property investment in Asia Pacific and is ranked first in commercial office, apartment, and retail investment with value of properties reaching USD 189 billion.
BI has also issued Circular Letter No. 14/10/DPNP on the Application of Risk Management for Bank in Providing Home Ownership and Motor Vehicle Credit, which obliges banks to conduct due diligence in providing credit for residential homes and motor vehicles.
(hot/jt)