Banking Worries Foreign Property Prices Will “Drop”

JAKARTA, KOMPAS.com – Application of property to foreigners is still a dilemma in the field because there are considerations of society, particularly banks. One of the reasons it is doubt the legal status of the property right to use and Hak Guna Bangunan (HGB).

ignorance in the community will be both statuses can affect sales and prices of those properties.

“The house owned foreign, when it was sold to the citizen (Indonesian citizen), if the buyer is not sure the value could drop. that’s what we think, “said Director of the Department of macroprudential policy Bank Indonesia (BI), Yati Kurniati, the Forum Group Discussion (FGD)” Certainty implementation of Property Ownership by Foreigners “, at the Raffles Hotel, Jakarta, Monday (31/10/2016).

According to Yati, there needs socialization that the right of use does not differ from HGB to society. Thus, when you want to buy the property from strangers, people will undoubtedly ownership status.

Moreover, further Yati, if it is mentioned that the ownership status can be changed automatically, from Hak Pakai be HGB or Hak so there should be further socialization.

“But, although the ownership of practically automatic, it’s a process, takes time and costs. it is an additional consideration of the banks also to be considered,” said Yati.

He continued, throughout the Ministry of Agricultural and Spatial Planning (ATR) and the Directorate General of Immigration has not provided clarity, taste banking has been no willingness to accept foreign property. There are many considerations to banking could decide their loans.

“It was clear procedures so that the bank has a risk mitigation. This is not a hindrance bank co-finance mortgages or KPA, because of the financial authorities there is no prohibition for that,” he said .

properti.kompas.com

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