Indonesia expects subsidised home sales to reach 271,000 in 2026

Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto rejected suggestions that housing sales were struggling, saying about 200,000 subsidised homes had been sold by November 11. He expected the figure to reach 271,000 by the end of 2026.

Speaking at his Jakarta office, Airlangga said the government wanted to invite the president to a December 17 event covering at least 71,000 homes. He said those homes, together with the roughly 200,000 already sold, would bring annual sales to 271,000.

The government’s 2026 target for its FLPP subsidised mortgage programme is 360,000 homes. According to BP Tapera, financing had reached 197,048 homes nationwide as of 2.30pm Western Indonesian Time on November 2, with a value of Rp24.55 trillion.

That was an increase of 2,688 homes from October 31, when disbursements stood at 194,360 homes, or nearly 54 per cent of the annual target, worth Rp24.22 trillion. October alone accounted for 29,352 homes, about 22 per cent more than in the same month a year earlier.

In BP Tapera’s figures through October, Bank BTN led participating banks with financing for 85,341 homes, followed by Bank Syariah Nasional with 48,286 and BRI with 26,182. West Java recorded the largest regional figure at 44,295 homes, ahead of Central Java’s 17,906 and South Sulawesi’s 16,538.

To increase disbursements, mass mortgage-signing events are planned for December 17 and December 21, covering 71,000 and 30,000 homes respectively.