TEMPO.CO, Jakarta - PT Sarana Multigriya Financial (SMF) management expressed thair optimism that the company will improve the secondary housing financing market (PPSP) by tapping into a market consisting of 11.7 million households without houses, based on a data released by the Central Statistics Agency (BPS) in 2015.
"Through securitization and financing, SMF will continue to play its role to support government programs, such as the One Million Houses program," SMF president director Ananta Wiyogo said in Jakarta on Monday, March 27, 2017.
Ananta claimed that SMF is ready to support the Public Housing Savings (Tapera) program by implementing Law No. 4/2016 on Tapera. The saving program is expected to be a source of low-cost and long-term funds to support housings for low and middle-class people.
In the implementation of Tapera, SMF will play as an intermediate for banks providing housing loans (KPR) wishing to utilize Tapera funds.
"SMF's participation in the Tapera program can increase the number of housing loan distributors participating in the Tapera program, which in turn will increase the number of people served, particularly low-income people," Ananta added.
SMF is a state-owned company founded in 2005 by the Finance Ministry. The company serves a task to develop the secondary housing financing market through securitization and financing. By December 2016, the company had cumulatively distributed Rp 24.7 trillion (USD 1.8 billion) to housing loan distributors and served about 570,000 debtors across the country.
From 2009 to 2016, SMF had facilitated ten security transactions and worked with various banks in terms of financing. SMF has also issued debt papers worth Rp 16.7 trillion (US$1.2 billion) in total. Since February 8, 2017, SMF has been rated AAA by credit rating agency PT Pemeringkat Efek Indonesia.
DESTRIANITA
