Housing Loan Interest Decline to Boost Real Estate Growth

  • Font:
  • Ukuran Font: - +
  • Pekerja menyelesaikan pembangunan rumah tinggal di kawasan Citayam, Bogor, (18/08). Dengan turunnya bunga kredit KPR dari sejumlah bank pemerintah, permintaan pada sektor properti mulai membaik. Foto: TEMPO/Ayu Ambong

    Pekerja menyelesaikan pembangunan rumah tinggal di kawasan Citayam, Bogor, (18/08). Dengan turunnya bunga kredit KPR dari sejumlah bank pemerintah, permintaan pada sektor properti mulai membaik. Foto: TEMPO/Ayu Ambong

    TEMPO.CO, Jakarta – The Financial Services Authority's (OJK) decision to set a maximum limit of for deposit rates is expected to lower the loan interest rates. BCA economist David Sumual said one of things consumers are hoping for is a decline in interest rates for Housing Loans.

    "The decline in mortgage rates is expected to slow down credit growth. The hope is, of course, to prevent more drastic declines," David told Tempo yesterday.

    David said the current rate of credit growth is only 13.4 percent. This is expected to decelerate further given the year-to-date credit growth rate of 20 percent.

    Meanwhile, chairman of Real Estate Indonesia, Eddy Hussy, said the benefits of mortgage rates decline can be seen in after several months. "Its positive effects are not limited to the real estate business alone."

    Rohan Hafas, corporate secretary of Bank Mandiri, said the OJK's decision to limit the ceiling rates for deposit interests doesnot necessarily affect mortgage rates. "The range is 25 to 50 basis points, but the exact number is still being reviewed. What is still being considered is, among others, the reduction in cost of funds," he said. 

    YOLANDA RYAN ARMINDYA | SAID HELABY | FAIZ NASHRILLAH | ALI HIDAYAT | DINI PRAMITA