{
    "success": true,
    "data": {
        "id": 1726683,
        "msgid": "discussions-on-prabowos-plan-for-mortgage-instalments-below-rp-1-million-per-month-1778237748",
        "date": "2026-05-08 16:58:14",
        "title": "Discussions on Prabowo's Plan for Mortgage Instalments Below Rp 1 Million Per Month",
        "author": "Muhammad Idris",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Property",
        "summary": "The Indonesian government is preparing new regulations to extend mortgage tenures to 40 years, aiming to make home ownership more accessible, especially for low-income earners and subsidised housing segments. President Prabowo Subianto has instructed this change to reduce monthly instalments potentially to Rp 800,000-900,000, easing the financial burden on workers, farmers, and fishermen. This policy is expected to stimulate the national property market while fulfilling the government's commitment to affordable housing.",
        "content": "<p>The government is preparing new regulations regarding the extension\nof Home Ownership Credit (KPR) tenures to up to 40 years. This policy is\nexpected to make housing instalments more affordable for the public,\nparticularly for the subsidised housing segment. Minister of Housing and\nSettlement Areas (PKP) Maruarar Sirait stated that this directive\nfollows President Prabowo Subianto\u2019s instructions to broaden access to\nhome ownership for the public. \u201cThe President has ordered the extension\nfrom 30 years to 40 years for KPR, and we will certainly implement and\nadjust the regulations accordingly,\u201d emphasised Ara, the familiar name\nfor Maruarar, quoted from Antara on Friday (8\/5\/2026). According to\nMaruarar, the longer tenure scheme will directly impact the monthly\ninstalment amounts, making them lighter compared to the current tenures.\n\u201cThis will certainly lighten the instalments. For subsidised landed\nhouses now, if it\u2019s 10 years, the instalment is around Rp 1.7 million,\n15 years Rp 1.4 million. If 20 years, perhaps Rp 1.1 million, and if 40\nyears, it could be even cheaper, around Rp 800-900 thousand,\u201d he said.\n\u201cThe regulations will be prepared soon; we will formulate them for\n40-year KPR. And coordination is needed with developers, consumers,\nbanks\u2014all stakeholders in this ecosystem must coordinate so that the\nrules can be implemented,\u201d he added. Maruarar assessed that, besides\nhelping the public obtain more affordable instalments, this policy also\nhas the potential to expand the national property sector market. \u201cThis\nis the government\u2019s support for its people,\u201d he stated. Previously,\nPresident Prabowo Subianto expressed his commitment to facilitating\nlow-income individuals in owning homes. One of the schemes being\npromoted is extending the KPR instalment tenure to reduce the monthly\npayment burden. In his speech at the International Labour Day\ncommemoration at Monas, Jakarta, Prabowo assessed that the current home\nfinancing scheme is still quite burdensome for workers. He added that a\nlonger instalment tenure is considered realistic to help labourers,\nfarmers, and fishermen own their own homes. \u201cThe instalments, if\npossible, 20 years; if not 20 years, 25 years. If not settled in 25\nyears, 30 years. If not, 35 years, 40 years,\u201d he explained. \u201cBecause\nlabourers won\u2019t run away anywhere, right? Farmers and fishermen won\u2019t\nrun away anywhere,\u201d he emphasised. Prabowo noted that so far, many\nworkers allocate around 30 percent of their income for house rentals.\nAccording to him, that budget should be redirected to instalments for\nowning their own homes. \u201cFrom the previous 30 percent for rent, we\nreduce it; that is for instalments on your own home,\u201d said Prabowo.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/discussions-on-prabowos-plan-for-mortgage-instalments-below-rp-1-million-per-month-1778237748",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}