{
    "success": true,
    "data": {
        "id": 1822202,
        "msgid": "indonesia-approves-40-year-subsidized-mortgage-scheme-1782316223",
        "date": "2026-06-24 22:03:34",
        "title": "Indonesia approves 40-year subsidized mortgage scheme",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Social Policy",
        "summary": "The Indonesian government has approved a 40-year tenor for subsidised mortgages (KPR) following a directive from President Prabowo Subianto, aiming to make home financing more affordable. The Public Housing Savings Management Agency (BP Tapera) Committee also decided to maintain the landed housing mortgage rate at 5 percent despite a higher central bank rate, while setting a 6 percent rate for subsidised apartments. A quota of 350,000 subsidised housing units has been prepared, with banks and developers urged to coordinate to meet the target sustainably.",
        "content": "<p>Sirait said the decision was made during a limited meeting of the\nPublic Housing Savings Management Agency (BP Tapera) Committee, attended\nby Finance Minister Purbaya Yudhi Sadewa, Manpower Minister Yassierli,\nand BP Tapera Commissioner Heru Pudyo Nugroho.<\/p>\n<p>\u201cThe Committee approved the 40-year tenor implementation. Yes, it is\nin line with President Prabowo Subianto\u2019s directive, and we fully\nsupport the President\u2019s instruction,\u201d Sirait said after the Tapera\nCommittee meeting here on Wednesday.<\/p>\n<p>According to him, the committee approved the extension of the KPR\ntenor to 40 years as a follow-up to President Prabowo\u2019s directive to\nprovide a more affordable housing financing scheme for the public.<\/p>\n<p>He emphasized that the government is ensuring that the scheme will\nnot only benefit the public but can also be implemented in a sustainable\nmanner by banks serving as financing distributors.<\/p>\n<p>\u201cWe are designing schemes that can be implemented properly, benefit\nthe people, and be carried out by the banking sector,\u201d he remarked.<\/p>\n<p>In addition to approving the longer tenor, the government also\ndecided to maintain the interest rate for landed subsidized housing\nmortgages at 5 percent despite the increase in the BI rate.<\/p>\n<p>Sirait assessed that maintaining the 5-percent interest rate reflects\nthe government\u2019s consistency in supporting President Prabowo\u2019s flagship\nprogram to expand public access to subsidized housing.<\/p>\n<p>Meanwhile, for subsidized apartment units, the government has set the\nmortgage interest rate at 6 percent as part of a financing scheme\ntailored to the characteristics of vertical housing.<\/p>\n<p>He also revealed that the government has prepared a quota of 350,000\nsubsidized housing units and has asked BP Tapera to strengthen\ncoordination with banks and developers to ensure the target is\nachieved.<\/p>\n<p>Related news: Indonesia keeps 5 percent subsidized housing loan rate\ndespite BI hike<\/p>\n<p>Related news: Indonesia to extend mortgage tenor to 40 years to ease\npayments<\/p>\n<p>Translator: Harianto, Kenzu<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-approves-40-year-subsidized-mortgage-scheme-1782316223",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}