BTN Director Sees Sustained High Public Demand for Home Ownership
Jakarta (ANTARA) — Hirwandi Gafar, Director of PT Bank Tabungan Negara (Persero) Tbk (BTN), assesses that public interest in owning a home remains high through to the end of 2026.
“Towards the end of the year, judging from people’s desire to own a home, it is still high,” said Hirwandi after the ISEI Jakarta Komisariat Perbanas National Seminar in Jakarta on Tuesday.
According to him, if the supply of new homes is limited, the public can still consider secondary homes, as transactions in that segment are also quite high.
BTN is also compiling a database of prospective homebuyer queues, combined with savings track records, to measure prospective debtors’ ability to pay monthly instalments.
“Later we will know, from their savings track record, what their actual capacity is each month,” he explained.
According to Hirwandi, this approach can help BTN measure the financial capacity of prospective customers whilst preparing financing suited to their ability.
Meanwhile, Bank Indonesia data shows that the banking industry’s housing and apartment loan (KPR/KPA) growth slowed to 4.4 per cent year on year (yoy) in June 2026, from 4.7 per cent (yoy) in May 2026, although property lending as a whole still grew 17.6 per cent (yoy).
Hirwandi said the mortgage slowdown is influenced by several factors, including land availability, the licensing process, and regulations on protected rice-field land.
In addition, the public is prioritising other needs. Economic conditions also play a role, although their impact on housing demand is considered not too significant.
“There are actually many factors. For example, in subsidised mortgages, land availability is now also a problem from the licensing side. Moreover, there is now the issue of protected rice fields, which also has an effect,” he said.
Amid the slowdown, the financing quality of BTN’s subsidised housing remains sound. Hirwandi said the non-performing loan (NPL) ratio for subsidised mortgages as of June 2026 stood at around 1 per cent.
Meanwhile, BTN’s overall consumer loan NPL was recorded at about 2.7 per cent in the same period.
“The quality of subsidised mortgages per June is around 1 per cent. Then, consumer lending as a whole is also good, at 2.7 per cent,” he said.
Furthermore, the company is targeting consumer banking business growth of around 8–10 per cent throughout 2026.
Hirwandi said the company continues to maintain liquidity through asset and liability management, even though funding conditions in the banking industry are quite challenging.
He added that BTN will continue to strengthen cooperation with developers and develop a database of prospective homebuyers, combined with savings track records, to sustain housing financing growth.