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NEWS UPDATES Asean Affairs   June  26, 2018  





Bank Indonesia to help boost property business

Bank Indonesia (BI) Governor Perry Warjiyo has said the central bank will introduce loan to value (LTV) relaxation and other policies to help boost the property business during BI's board of governors meeting on Wednesday and Thursday.

Perry has not elaborated on the financing policy for the property sector, but has said the policy aims to help millennials purchase homes and to lure investors.

He stressed that two types of buyers – first time buyers and investment buyers – could help boost the property business.

“Our data shows that the potential buyers of both apartments and houses are those aged between 36 and 45 years old. Our policy encourages first time buyers,” he said as quoted by kompas.com. “In regard to the details, we will discuss them in the board of governors meeting.”

In 2016, the central bank issued Bank Indonesia Regulation No. 18/16/PBI/2016 on LTR for property financing and down payments for vehicle financing.

Under the regulation, a down payment at general banks had been set at 15 percent for first time buyers.

Meanwhile, for second time buyers, a down payment had been set at 20 and 25 percent, depending on home size.


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ASEAN NEWS UPDATES      Updated: 04 January 2011

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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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