{
    "success": true,
    "data": {
        "id": 1625752,
        "msgid": "new-subsidised-apartment-scheme-to-be-issued-soon-30-year-term-and-6-percent-interest-1773957041",
        "date": "2026-03-20 02:39:23",
        "title": "New Subsidised Apartment Scheme to Be Issued Soon, 30-Year Term and 6 Percent Interest",
        "author": "Hilda B Alexander",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Property",
        "summary": "The Indonesian Ministry of Housing and Settlement Areas is finalising a new ministerial decree to overhaul the financing scheme for subsidised vertical housing through the FLPP for apartment units, aiming to address the systemic failure in providing affordable homes over the past five years amid a national backlog of 9.6 million units. Key features include a flat 6 percent interest rate, up to 30-year loan terms, increased unit sizes to 45 square metres, and a grace period during construction to ease the burden on low-income urban buyers. This initiative targets 50,000 units by 2026, shifting from land-intensive horizontal housing to efficient vertical options in cities like Jakarta, with improved beneficiary verification using national socioeconomic data.",
        "content": "<p>The national property sector is awaiting the finalisation of\nregulations expected to reshape the landscape of affordable housing for\nthe public.<\/p>\n<p>Minister for Housing and Settlement Areas, Maruarar Sirait, is\ncompleting the Draft Ministerial Decree on the financing scheme for the\nHousing Finance Liquidity Facility (FLPP) specifically for Apartment\nUnits (Sarusun).<\/p>\n<p>This step is taken in response to the systemic failure in providing\nsubsidised vertical housing over the past five years.<\/p>\n<p>The figures have barely made a dent compared to the national housing\nbacklog of 9.6 million units.<\/p>\n<p>The government has set a target of financing 50,000 subsidised\napartment units in 2026.<\/p>\n<p>This strategy is not without basis. Maruarar sees an acute disparity\nin urban areas, particularly Jakarta, where the backlog rate reaches\n40.6 percent.<\/p>\n<p>\u201cWe must work even harder. This target of 50,000 units is an effort\nto change the paradigm from land-intensive horizontal housing to\nefficient vertical housing in city centres,\u201d said Maruarar in response\nto Kompas.com on Wednesday (17\/3\/2026).<\/p>\n<p>First, a flat interest rate of 6 percent is set to provide certainty\nin instalments amid fluctuations in market interest rates that often\nensnare lower-class consumers.<\/p>\n<p>Second, a term of up to 30 years. This extension of the repayment\nperiod aims to reduce the monthly instalment amount to match the income\nstructure of the MBR in major cities.<\/p>\n<p>Third, a progressive standard unit floor area increased from a\nprevious maximum of 36 square metres to 45 square metres.<\/p>\n<p>Fourth, a grace period for instalments during the construction phase\n(pre-sale). This means consumers only start paying after the unit is\nready to occupy, thus avoiding the double burden of paying rent and bank\ninstalments simultaneously.<\/p>\n<p>The sharp criticism that has long plagued the subsidy programme\nconcerns the accuracy of recipients. For this reason, the Ministry of\nHousing and Settlement Areas is collaborating with the Central\nStatistics Agency (BPS) to implement a By Name By Address system through\nthe National Single Socio-Economic Data (DTSEN).<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/new-subsidised-apartment-scheme-to-be-issued-soon-30-year-term-and-6-percent-interest-1773957041",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}