Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Andin Aditya Rahman
Agustinus Prasetyantoko, an economist at Bank Tabungan Negara (BTN), provided some analysis on the new loan-to-value (LTV) regulation applicable to commercial banking.
According to him, the new LTV regulation will bring positive benefits to mortgages for small house types and the subsidized public housing program.
“The new LTV provisions for property business will produce positive impacts on the sales of small home types and the subsidy program for public housing,” stated Agustinus in Jakarta on Monday.
The reason is, he continued, rapidly increasing property prices have also raised the prices of land for the construction of small home types and subsidized houses.
As a consequence, the construction of small home types and subsidized houses has shifted even further from urban centers.
The distance between people’s homes and the city has caused potential borrowers to opt for leased housing that is nearer to the city centers where they work. The main consideration of such people is mostly the high cost of commuting between their home and their workplace.
The LTV regulation, according to the economist, will also provide a positive impact on property prices. This will be primarily caused by a decline in mortgages as a result of the provisions of the LTV regulation.
“This LTV regulation will control property prices,” he asserted.
With the recently issued LTV regulation, consumers will think twice before applying for a second mortgage.
According to Agustinus, the LTV regulation that requires s an increased down payment for second mortgages compared to first mortgages, will cause some consumers to delay or cancel housing purchases.
The high down payment requirements for second and subsequent mortgages will also deter speculative purchases, which will positively contribute to the purpose of the LTV regulation in controlling property prices.
“New LTV provisions provide higher down payment percentages which will cause speculators to rethink before speculating,” he stated.
In contrast, the LTV regulation will negatively impact the development of large house types and commercial houses. This is due to the high down payment provisions in the new LTV regulation which will deter potential buyers.
(hot/kc)
Fathan Qorib, Andin Aditya Rahman
Agustinus Prasetyantoko, an economist at Bank Tabungan Negara (BTN), provided some analysis on the new loan-to-value (LTV) regulation applicable to commercial banking.
According to him, the new LTV regulation will bring positive benefits to mortgages for small house types and the subsidized public housing program.
“The new LTV provisions for property business will produce positive impacts on the sales of small home types and the subsidy program for public housing,” stated Agustinus in Jakarta on Monday.
The reason is, he continued, rapidly increasing property prices have also raised the prices of land for the construction of small home types and subsidized houses.
As a consequence, the construction of small home types and subsidized houses has shifted even further from urban centers.
The distance between people’s homes and the city has caused potential borrowers to opt for leased housing that is nearer to the city centers where they work. The main consideration of such people is mostly the high cost of commuting between their home and their workplace.
The LTV regulation, according to the economist, will also provide a positive impact on property prices. This will be primarily caused by a decline in mortgages as a result of the provisions of the LTV regulation.
“This LTV regulation will control property prices,” he asserted.
With the recently issued LTV regulation, consumers will think twice before applying for a second mortgage.
According to Agustinus, the LTV regulation that requires s an increased down payment for second mortgages compared to first mortgages, will cause some consumers to delay or cancel housing purchases.
The high down payment requirements for second and subsequent mortgages will also deter speculative purchases, which will positively contribute to the purpose of the LTV regulation in controlling property prices.
“New LTV provisions provide higher down payment percentages which will cause speculators to rethink before speculating,” he stated.
In contrast, the LTV regulation will negatively impact the development of large house types and commercial houses. This is due to the high down payment provisions in the new LTV regulation which will deter potential buyers.
(hot/kc)