Once again, the expert said, it’s time to buy all page properties

JAKARTA, KOMPAS.com Government bear Value Added Tax (VAT) on site house and apartments (flat) for six months, from March to August 2021.

Property all of which are Government-borne VAT (DTP) are landed houses and flat with a maximum selling price of IDR 2 billion.

Meanwhile, for houses with prices above Rp. 2 billion to a maximum of Rp. 5 billion, VAT DTP only 50 percent is owed on the handover of the landed house or flat.

Prior to the implementation of VAT DTP by the Government, Bank Indonesia (BI) had also implemented relaxation loan to value/financing to value (LTV/FTV) for credit property financing a maximum of 100 percent starting March 1 ago.

This LTV / FTV relaxation will end on December 31, 2021 and is re-evaluated once a year.

With this relaxation, potential customers can buy property without paying down payment alias down payment (DP) 0 percent.

Also read: Good News, Houses with a Maximum Price of IDR 2 Billion are VAT Free

All property financing purchased by consumers using the facility home ownership credit and apartments (KPR / KPA) covered by banking.

This LTV / FTV easing applies to all types of properties including landed houses, flat, shop houses (shop house) nor a home office or home.

Colliers International Indonesia Senior Associate Director Ferry Salanto is of the opinion that two policies are the right time to invest in property.

“If this is for long-term investment and investors do not expect immediate or immediate returns, this is actually the right time,” Ferry said in a report received. Kompas.com, Tuesday (16/3/2021).

Apart from investors, this moment is also right for you end-user (end user) with sufficient purchasing power.

Even so, there are many procedures that consumers must pay attention to carefully. Because, this purchase was made through KPR / KPA.

For the LTV / FTV relaxation policy, the risk for banks will increase and they must be careful in disbursing KPR with a 0 percent down payment.

Indeed, in the beginning, buyers will avoid having to provide a jumbo budget. However, their burden will increase to pay monthly installments.

Also read: March 1, 2021, Buy Home DP 0 Percent Officially Applies

Another challenge faced by banks is having to adjust their loan interest rates so that they are more competitive and not far from the BI benchmark interest rate.

According to Ferry, good relaxation DP 0 percent and VAT exemptions for certain property products are good things.

However, this policy must be followed by providing attractive loan interest rates.

This aims to create a holistic policy with the hope of being able to accelerate more property product transactions.

He is also optimistic that 2021 will be a better year for him property sector.

“We also have a more positive outlook especially when vaccination is successful
implemented later will have an impact in encouraging more business activities, “said Ferry.


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