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Indonesia’s subsidised housing loans reach 54.72% of 2026 target

BP Tapera recorded 24,868 completed subsidised homes available as of 30 October, with another 2,797 landed homes under construction.

By Maya Santos

Rows of modest residential houses in Indonesia
Photo: CNBC Indonesia

Indonesia’s FLPP subsidised housing mortgage programme had financed 197,048 homes worth Rp24.55 trillion by 2 November 2026, according to BP Tapera. That represented 54.72% of the government’s target of 360,000 homes for the year.

A further 162,952 homes remained to be financed to meet the annual goal. BP Tapera’s earlier figures, dated 30 October, put disbursements at 194,360 homes, with financing of Rp24.22 trillion. Those mortgages covered 194,335 landed homes and 25 flats.

On the supply side, BP Tapera recorded 24,868 completed subsidised homes available on 30 October: 22,833 landed homes and 2,035 flats. Another 2,797 landed homes were being built, bringing the supply recorded in those categories to 27,665 units.

BP Tapera also reported 36,780 homes at various stages of processing, from subsidy eligibility checks and credit assessment through to mortgage agreements.

Sid Herdi Kusuma, BP Tapera’s deputy commissioner for fund utilisation, said on 3 November that he was optimistic about disbursements, citing positive year-on-year trends in the third quarter and October. Financing during October had reached 29,352 homes by 30 October, about 22% above the corresponding period a year earlier.

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