JAKARTA (Yosefardi) – The government of Indonesia urges property developers to control or limit the purchase of property units for investment along with the growing backlog in the country.
Vice President Boediono said the home ownership demand by low income society will be not served if demand over homes for investment is increasing.
While Indonesian realestate developers association said the tightening of loan for home ownership by central bank since September 30, 2013 has impacted on pending property sales of almost Rp7 trillion.
The developers of real estate property also have big concern on high BI Rate, now at 7.5%, because it will also prompt the increase of interest rate for housing loan.