• Newsletter
  • Contact
  • Press Releases
Thursday, June 5, 2025
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Login
  • Register
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
No Result
View All Result
Home Events

Indonesia Properti Expo 2022 Aims for USD170,000 Transactions

Sinta by Sinta
August 15, 2022
in Events, News
0
Indonesia Properti Expo

Indonesia Properti Expo 2022 is held at JCC Senayan 13-21 August 2022

Share on FacebookShare on Twitter

Heaptalk, Jakarta — The Ministry of Public Works and Housing (PUPR) officially opened the Indonesia Properti Expo (IPEX) 2022 at the Cendrawasih Hall, Jakarta Convention Center (JCC), Central Jakarta (13/08). IPEX 2022 hosted by PT Bank Tabungan Negara (BTN) Tbk takes place on 13—21 August 2022 carrying the theme of ‘KPR BTN Merdeka’ means every citizen has the right to obtain decent housing facilitated through the mortgage of BTN.

The Director General of Housing, Iwan Suprijanto, as the representative of the Ministry, expressed the highest appreciation for BTN’s participation that has become a partner as well as the government representative for encouraging access to affordable housing finance for low-income people (MBR). The effort is a form of support to encourage the achievement of the 1 million houses program as well as an accelerator to foster national economic recovery.

Based on the data from the Central Bureau of Statistics (BPS), the property sector grew positively in the first quarter of 2022 by demonstrating the growth of 5.01% YoY. Within the growth rate, housing which is included in real estate or property contributed a positive growth of 3.78%.

World Ai Jakarta 2025
World Ai Jakarta 2025

“The property sector has a multiplier effect that can revive 174 other industrial sub-sectors including material or building material factories, transportation, financing institutions such as banks, cooperatives, financial technology, as well as the furniture sector and food trade. The multiplier effect is necessary to accelerate and assist government programs to recover the national economy,” explained Iwan.

The other issue is the high number of backlog or housing shortages. Hence the provision of housing still requires contributions from all stakeholders, not only from the central government or local governments but also from the private sector and banking. To reduce the backlog, the government itself has attempted to launch various policies to increase the achievement of the 1 million houses program. One of which is supporting Indonesia Properti Expo 2022.

The President Director of PT BTN Tbk, Haru Koesmahargyo, uttered the demand for housing continues to exist and the number remains high, as reflected by the gap in demand and the ability to provide housing for the community. He said, “Indonesia Property Expo (IPEX) 2022 is one of the accommodation to answer the needs.”

IPEX 2022 is attended by 11 subsidized developers, 44 non-subsidized developers, and 7 participants from housing support providers and non-associated developers. The projects marketed at this exhibition reached more than 300 housing projects spread throughout Greater Jakarta and several cities such as Bandung and Surabaya. BTN expects to obtain potential mortgage principal permits worth Rp2.5 trillion or nearly USD170,000 (USD1 equals Rp14,738).

Haru said, “For nine days, this exhibition is expected to attract more than 55,000 visitors.” There are numerous enticing programs offered, one of which is attractive interest only 2.22% in the first year. In addition, the exhibition also provides enticing promotion, including free provision, administration, and appraisal fees.

Further, BTN’s house financing distribution is expected to grow more following the government approval of corporate action in the rights issue which is planned to be carried out at the end of 2022. With the right issue, BTN will be able to distribute house financing for around 1.5 million housing units by the end of 2025 which is an increase of almost 8 times from the current.

Tags: Bank BTNhouse financinghousing shortagesIndonesia Properti ExpoKementerian PUPR

Related Posts

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

June 5, 2025
KL1 Phase 2 has been completed. Credit: Equinix

Equinix completes KL1 Phase 2 data center in Kuala Lumpur

June 2, 2025
Commemorating Professor Soemitro's 108th anniversary at Soemitro Center (05/29). Credit: Haris

Soemitro Center: A platform for Indonesia’s young economists

May 31, 2025
Lifree breathable adult diapers can help improve skin health. Credit: Haris

Unicharm research: Lifree improves quality of life for elderly

May 31, 2025
Xiaomi's premiumization strategy has yielded positive results in Q1 2025. Credit: Sinta

Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

May 31, 2025
Kaspersky appointed Defi Nofitra as first country manager for Indonesia. Credit: Kaspersky

Kaspersky appoints Defi Nofitra as first country manager for Indonesia

May 31, 2025
  • 32321

    New tech layoff chapter, Microsoft lays off thousands of its cloud unit ‘Azure’

    1 shares
    Share 0 Tweet 0
  • Nokia rolls out 6600 5G Ultra

    0 shares
    Share 0 Tweet 0
  • Performing a second layoff round, Morgan Stanley to reduce 3,000 workforces in Q2 2023

    1 shares
    Share 0 Tweet 0
  • TikTok Shop to reach a US$15 billion in its GMV transactions

    1 shares
    Share 0 Tweet 0
  • International Women’s Day – Opportunity for Businesses to Support Women in the Workplace

    0 shares
    Share 0 Tweet 0
the 10th world battery & energy industry expo 2025World Ai Jakarta 2025
Heaptalk business news logo

We Build an Ecosystem by Sharing Business News, Headlines and Expert Talks in Professional Perspective and Positive Point of View. Latest business news media headlines platform today.

Recent Posts

  • Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
  • Equinix completes KL1 Phase 2 data center in Kuala Lumpur
  • Soemitro Center: A platform for Indonesia’s young economists
  • Unicharm research: Lifree improves quality of life for elderly
  • Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

Follow Us

Facebook
Twitter
LinkedIn Youtube Instagram RSS

Newsletter

  • About Us
  • Editorial
  • Newsletter
  • Contact
  • Privacy Policy
  • Cyber Media Guidelines
  • Disclaimer
  • SOP Perlindungan Wartawan

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • News
  • Technology
  • Industry
  • GovAct
  • Events
  • Whats on
  • Expert Talk
  • Insight
  • Sustainability
  • Newsletter
  • Press Releases
  • Login
  • Sign Up

© 2024 Heaptalk.com