Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fitri Novia Heriani, Robert Sidauruk
Agus Martowardojo, Governor of Bank Indonesia (BI), said that BI is concerned about the significant growth of property credit loan applications. He referred to the growth rate as alarming..
According to a survey released by BI in May, creditors for home mortgage loans (Kredit Pemilikan Rumah / “KPR”) for houses or type70 loans have reached 25.9% , an increase of 60.3% overthe three months since May
Meanwhile, creditors of mortgage loans for apartments (Kredit Pemilikan Apartemen / “KPA”) or type 22 to 70 loans reached 18.7% andincreased by 111.1% over the same period..
“This is an alarming situation knowing that the increase of KPR creditors has reached more than 25%,” said Agus at a press conference at BI’s Jakarta office on Thursday.
In addressing this issue, Agus informed that BI will change the loan to value ratio (LTV ratio), which is the appraised value of the property tused by mortgage lenders to determine the percentage of a mortgage that can be loaned.
Pursuant to this, BI will revise the current regulation on the LTV ratio namely BI Regulation No. 14/10/DPNP on Implementation of Risk Management for Banks that Provide House and Motor Vehicle Credit Loans (Regulation).
Halim Alamsyah, BI Deputy Governor said that the significant growth in property loans will result in it being difficult for middle and lower income people to access KPR loans..
“The high level of property loans will trigger a hike in the price for smaller types of houses that are intended for middle to lower income earners,” Halim asserted.
Halim also noted that the number of creditors who currently participate in more than one KPR program has reached 35,000 people with total principle loans of around IDR 31.8 trillion.
Halim believes that the majority of these people are using the KPR program more for investment purposes. Whenproperty prices reach a high level, these KPR holders will sell their property to make a profitprofit. In the end, the KPR program mostly creates speculators in property sector.
Perry Warjiyo, Deputy Governor at BI, asserts the revision of the regulation will emphasize providing a higher LTV ratio to creditors that are already in the KPR program compared to first-time home buyers.
“However, this distinction will not apply to creditors who are currently under the government subsidized KPR or KPA programs,” Perry asserted.
(hot/kc)
Fitri Novia Heriani, Robert Sidauruk
Agus Martowardojo, Governor of Bank Indonesia (BI), said that BI is concerned about the significant growth of property credit loan applications. He referred to the growth rate as alarming..
According to a survey released by BI in May, creditors for home mortgage loans (Kredit Pemilikan Rumah / “KPR”) for houses or type70 loans have reached 25.9% , an increase of 60.3% overthe three months since May
Meanwhile, creditors of mortgage loans for apartments (Kredit Pemilikan Apartemen / “KPA”) or type 22 to 70 loans reached 18.7% andincreased by 111.1% over the same period..
“This is an alarming situation knowing that the increase of KPR creditors has reached more than 25%,” said Agus at a press conference at BI’s Jakarta office on Thursday.
In addressing this issue, Agus informed that BI will change the loan to value ratio (LTV ratio), which is the appraised value of the property tused by mortgage lenders to determine the percentage of a mortgage that can be loaned.
Pursuant to this, BI will revise the current regulation on the LTV ratio namely BI Regulation No. 14/10/DPNP on Implementation of Risk Management for Banks that Provide House and Motor Vehicle Credit Loans (Regulation).
Halim Alamsyah, BI Deputy Governor said that the significant growth in property loans will result in it being difficult for middle and lower income people to access KPR loans..
“The high level of property loans will trigger a hike in the price for smaller types of houses that are intended for middle to lower income earners,” Halim asserted.
Halim also noted that the number of creditors who currently participate in more than one KPR program has reached 35,000 people with total principle loans of around IDR 31.8 trillion.
Halim believes that the majority of these people are using the KPR program more for investment purposes. Whenproperty prices reach a high level, these KPR holders will sell their property to make a profitprofit. In the end, the KPR program mostly creates speculators in property sector.
Perry Warjiyo, Deputy Governor at BI, asserts the revision of the regulation will emphasize providing a higher LTV ratio to creditors that are already in the KPR program compared to first-time home buyers.
“However, this distinction will not apply to creditors who are currently under the government subsidized KPR or KPA programs,” Perry asserted.
(hot/kc)