Himperra Reveals Plan for Home Loans to Extend Up to 30 Years

Semarang (ANTARA) - The People’s Housing and Settlement Developers Association (Himperra) has revealed plans to extend housing credit tenures to up to 30 years. “We already have a policy at the central level, and we’re coordinating to make the instalments no longer 20 years, but up to 30 years,” said Himperra’s General Chairman Ari Tri Priyono in Semarang, Central Java, on Thursday. After the opening of the 2026 Central Java Himperra Regional Work Meeting, he explained that the policy is designed to facilitate public access to home ownership. Because, he said, a longer credit period makes the monthly instalments lighter. “So, it could be below Rp1 million for FLPP (Housing Finance Liquidity Facility) instalments. This is still being refined. Just wait, it’s on the way,” he stated. According to him, this step is also one of the efforts to accelerate the achievement of the target to build 350,000 subsidised homes for low-income communities (MBR) this year. “We hope the 350,000 homes will be achieved this year. Last year, it was around 280,000 homes. Only about 60,000 more homes left. Insha Allah, it will be achieved this year,” he said. Not only subsidised homes, he added, Himperra has also proposed to the government to target millennials for home ownership access. “Millennials, people who might not want to live in FLPP (subsidised homes). Their income is already decent, above Rp5 million, Rp8 million, Rp10 million. But they don’t want (to buy) ones that are far away,” he said. He mentioned that they usually target homes priced at Rp200-300 million, not subsidised or FLPP homes which are capped at a maximum of Rp166 million. According to him, the policy is also being drafted by the government, so eventually, something like a mid-tier Home Ownership Credit (KPR) or similar will be created. “Indeed (the interest) is not 5 percent like FLPP. Maybe around 7-8 percent. Perhaps not free from BPHTB (Acquisition Duty on Land and Buildings), but half of it,” he said. So, he explained, millennials with small families will be interested because they can access home ownership with instalments that are not too burdensome. Meanwhile, Central Java Himperra Chairman Sugiyatno added that Central Java contributed around 24,000 homes to last year’s national target of 350,000 units. “If Himperra Central Java’s contribution is around 9,800 units, that means we contributed 40 percent to the provision of FLPP homes in Central Java. We hope it will double this year,” he said.