Danantara Housing to market unsold SOE properties, Roeslani says

Roeslani explained that under the scheme, the public would be able to purchase unsold properties with more competitive interest rates and more affordable payment schemes.

“There are several apartments or houses that have been built by SOEs but have not yet been sold. We will launch Danantara Housing,” Roeslani said at the Presidential Palace Complex in Jakarta on Monday.

The initiative is expected to accelerate the sale of housing stock developed by SOEs while expanding access to home ownership, he said.

“They can be purchased by the public with more attractive interest rates and better payment terms,” Roeslani said.

Roeslani did not provide details on when the Danantara Housing programme would be launched or the amount of financing that would be allocated.

However, he stressed that the scheme is being prepared to benefit the public while optimising SOE property assets that have remained unsold.

Related news: Indonesia keeps 5 percent subsidized housing loan rate despite BI hike

Related news: Over 1,000 disaster housing units built in Sumatra in just one month

Related news: Danantara mobilizes SOE CSR funds for Sumatra disaster relief

Translator: Maria Cicilia, Kuntum Khaira