Liquidity injection of Housing Loan, Government Prepare Rp 2.6 Trillion

The government set aside Rp 2.6 trillion to increase credit liquidity into the housing sector. The government is brewing with the amount of housing credit program under the interest rate of SBI (Bank Indonesia certificate).

"The funds we have already set up to facilitate the liquidity of housing loans amounted to Rp 2.6 trillion," said Housing Minister Suharso Monoarfa at the Grand Hyatt Nusa Dua, Bali, on Thursday (27/05/2010).

According Suharso, credit to the housing sector still has many obstacles. One of them is still difficult low-interest bank loans disbursed to the housing sector.

"Whereas, in order to realize the availability of housing for low income, there should be a low-interest financing facility, so affordable," he said.

Therefore, the government hopes can happen synergy between the banks with the developer in ensuring the availability of houses for low income people.

"One way is by providing funding from the government to banks to bring them lower interest rates," he said.