Minister PKP reminds housing developers to maintain public trust

Jakarta (ANTARA) - Minister of Housing and Settlement Areas (PKP) Maruarar Sirait, known as Ara, has reminded housing developers to safeguard public trust.

According to him, the government will continue to act fairly towards all developers committed to building quality homes in accordance with the rules. However, the government will also not hesitate to provide guidance or impose sanctions on developers who violate regulations and harm the public.

“As minister, I will be fair to developers. I hope there will no longer be any developers I have to reprimand or sanction. If they have good innovations, the government will certainly support them,” Ara said in a statement in Jakarta on Saturday.

The government continues to push policies that favour the public whilst creating a healthy business climate for industry players in the housing sector.

Various facilities have been provided, ranging from exemptions from the Land and Building Acquisition Duty (BPHTB) and Building Approval (PBG) for low-income households (MBR), free house certificates, to simplified financing requirements so that people find it easier to own a home.

Through increasingly close collaboration between the government and developer associations, the provision of decent housing for the public is expected to continue accelerating.

Meanwhile, digital transformation, regulatory compliance and innovation in the property sector are expected to strengthen the national housing ecosystem whilst supporting economic growth and the success of the 3 Million Homes Programme.

For context, Minister of Housing and Settlement Areas Maruarar Sirait has invited housing developers in East Java to continue helping the government provide subsidised housing under the Housing Financing Liquidity Facility (FLPP) scheme.

Ara also asked residents of East Java to take advantage of the government-provided FLPP subsidised housing so that the homeownership backlog can be addressed.

Moreover, the government has ensured that the FLPP interest rate remains at 5 per cent until the end of the tenor, which can be extended up to 40 years. The down payment, meanwhile, starts from 1 per cent of the house price.