BTN Launches Mega Auction for 10,000 Second-Hand Homes with Mortgage Rate Promotions

Bank Tabungan Negara (BTN) has prepared around 10,000 second-hand homes and auction assets for sale throughout 2026. These homes are offered at prices up to 40% below market through BTN’s 2026 Mega Auction. Benjamen Sihombing, BTN’s Senior Executive Vice President for Assets Management, said second-hand homes are increasingly popular among the public due to more affordable prices and typically being in developed areas.

‘Through the BTN 2026 Mega Auction, we aim to provide broader access for the public to own homes at competitive prices,’ Benjamen said in Jakarta on Monday, 25 May 2026.

He added that the assets include landed houses, apartments, shop-offices, and other commercial assets spread across Jabodetabek, Java, and outside Java. BTN also offers financing through the BTN Maju mortgage with fixed interest rates starting at 5% for five years, deposits from 1%, and tenures up to 30 years.

Benjamen believes second-hand homes are not only an investment choice but also an alternative for people to own homes amid rising new home prices.

‘Strengthening the second-hand home ecosystem is expected to expand home ownership access for the public while supporting the 3 Million Houses Programme,’ he said.

All auction assets can be accessed via the Bale Lelang BTN platform and the Bale by BTN app. Through the platform, the public can view asset catalogues, participate in transactions, and access mortgage financing.

Property expert Panangian Simanungkalit said the second-hand home market still has significant growth potential as housing demand continues to rise annually.

According to him, second-hand homes can address the national housing backlog, especially as many are located in strategic areas with established facilities and infrastructure.

‘With competitive pricing and single-digit mortgage interest rates, second-hand homes present an attractive option for the public to own homes or invest in property,’ Panangian said.

Meanwhile, Syukriah HG, Director of Auctions at the Directorate General of State Assets (DJKN) of the Ministry of Finance, said the government is pushing for digitalisation of auction services to make transactions faster and more accessible.

‘We are confident that inter-stakeholder synergy will expand public participation in the national auction ecosystem,’ Syukriah said.