{
    "success": true,
    "data": {
        "id": 1668417,
        "msgid": "btn-says-subsidised-mortgages-hold-up-amid-economic-slump-1775785850",
        "date": "2026-04-10 07:33:00",
        "title": "BTN Says Subsidised Mortgages Hold Up Amid Economic Slump",
        "author": "Teuku Muhammad Valdy Arief",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Property",
        "summary": "PT Bank Tabungan Negara (BTN) states that demand for subsidised housing and first-time home purchases remains stable despite economic slowdown and reduced purchasing power. BTN's CEO Nixon Napitupulu emphasises that first homes are a basic need, supported by family contributions for down payments, making them more resilient to short-term economic cycles than investment properties. He also notes seasonal factors, such as slower sales during the rainy season, influence credit realisations in the subsidised segment.",
        "content": "<p>PT Bank Tabungan Negara (BTN) assesses that demand for subsidised\nhousing and first-time home purchases remains steady. This situation\npersists despite pressures on purchasing power amid the economic\nslowdown.<\/p>\n<p>BTN\u2019s President Director Nixon Napitupulu states that first homes\nrepresent a basic need. Society continues to strive to fulfil this\nrequirement.<\/p>\n<p>\u201cFirst homes (subsidised) are a basic need, just like clothing, food,\nand shelter. When people get married, they definitely want to buy a\nhouse. No matter what happens, they will work and find ways to own a\nhome,\u201d said Nixon in Bandung on Thursday (9\/4\/2026).<\/p>\n<p>Home financing does not solely depend on individual income. Family\nsupport often serves as an additional source, particularly for the down\npayment.<\/p>\n<p>\u201cBorrowing from family, from siblings or parents for the DP, that\u2019s\ncommon in Indonesia,\u201d he said.<\/p>\n<p>This condition makes demand for first homes relatively more resistant\nto short-term economic cycles. In contrast, purchases of second homes or\ninvestment properties are more sensitive to economic conditions.<\/p>\n<p>\u201cIf it\u2019s a second home (for investment), that\u2019s probably what\u2019s\ndeclining due to the cyclical economy,\u201d said Nixon.<\/p>\n<p>BTN views this slowdown as not entirely reflecting a drop in\npurchasing power. Seasonal factors also influence credit realisations,\nparticularly in the subsidised housing segment.<\/p>\n<p>\u201cHousing trends are always slower during the rainy season. Faster\nduring the dry season,\u201d said Nixon.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/btn-says-subsidised-mortgages-hold-up-amid-economic-slump-1775785850",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}