BTN Auctions 10,000 Second-Hand Properties

PT Bank Tabungan Negara (Persero) Tbk. (BTN) is holding a second-hand property auction through the BTN Grand Auction 2026. The state-owned bank is set to flood the national property market with 10,000 second-hand housing units via the auction programme. BTN is offering tens of thousands of properties at competitive prices up to 40% below market value, aiming to increase public access to homeownership. Benjamen Sihombing, BTN’s Senior Executive Vice President of Asset Management, stated that the trend for second-hand homes and auction assets is growing in popularity due to more affordable prices in developed areas with comprehensive facilities. ‘Through the BTN Grand Auction 2026, we aim to broaden public access to competitively priced homes while strengthening a healthier, more transparent, and accessible secondary property transaction ecosystem in Indonesia,’ Sihombing said in Jakarta on Monday, 25 May 2026, as reported by Antara. The state-owned bank also offers second-hand home financing schemes with interest rates starting at 5% to expand access to housing and property investment, supporting the government’s 3 million houses programme. According to Sihombing, the assets offered include landed houses, apartments, shop-houses, and other commercial properties, located across Jabodetabek, Java, and beyond. He added that most of these assets are situated in areas with established infrastructure, public facilities, and developed residential environments. ‘BTN targets a 35% auction success rate throughout 2026, following a record performance among Himbara banks in 2025 with a realisation rate of 34.4%,’ he said.