Housing KUR Contracts in Central Java Dominated by Demand Side, Says Ministry

The Ministry of Housing and Kawasan Permukiman (PKP) has revealed that the planned Rp880 billion People’s Business Credit (KUR) for housing agreement in Batang Regency, Central Java, is dominated by debtors from the demand side. “From this Rp880 billion, according to our data, the majority is from the demand side rather than the supply side. There are 6,873 debtors from the demand side, while from the supply side there are 227 debtors,” said Achmad Purwo Hardjanto, Head of the Housing Financing Sub-Directorate at the PKP Ministry, during a press conference in Jakarta on Friday. He explained that the reason for the higher number on the demand side compared to the supply side is that the credit value from the demand side is relatively much smaller than that from the supply side. BP Tapera is again organising a Mass FLPP (Housing Financing Liquidity Facility) Sejahtera Mortgage Agreement and Key Handover event, along with the Rp880 billion Housing KUR Agreement, together with the President of the Republic of Indonesia in Batang Regency, Central Java, on Thursday (30/7). This time, with a similar event concept, the mass agreement is being held on a larger scale with a new theme, namely the mass agreement and key handover for 62,000 Subsidised Housing Mortgages and Rp880 billion in Housing KUR. For the Rp880 billion Housing KUR Agreement, the total number of agreement participants is 7,100 debtors, with details of 6,873 debtors from the demand side and 227 debtors from the supply side. From this total, 200 debtors will be present in person to conduct the agreement. From each category of agreement participants, 10 participants from each Subsidised Mortgage and Housing KUR will symbolically receive keys from the President. Prospective Subsidised Mortgage debtors receiving the symbolic handover come from various professions, both those with fixed and non-fixed incomes, including online motorcycle taxi drivers, religious leaders, domestic helpers, teachers, nurses, TNI and Polri members, and herbal medicine sellers. Meanwhile, beneficiaries of the Housing KUR come from individuals and business circles.