Housing-Estate.com, Jakarta – Bank BTN back channel construction loans to PT PP Property Tbk amounting to Rp325 billion. The fund will be used to build an apartment project Grand Sungkono Lagoon (GSL) Surabaya. According to the Director of Consumer Banking of Bank BTN Handayani, Bank BTN total construction loans that have been channeled to the property PP reached Rp905 billion.
“Loans to the construction of property PP in particular to realize the cooperation and synergy of state-owned enterprises. Bank BTN is ready to support for project financing and mortgage-KPA so that the entire project development property PP can run smoothly, “said Handayani when signing loan portfolio in Surabaya on Thursday (10/11).
This construction Credit duration of 5 years with interest at 9.5 percent per year. BTN will continue to finance projects so that the future of PP property lending will be even greater. President PP Property, Taufik Hidayat, said the bank financing support is essential to ensure the sustainability of the project development schedule.
“This loan will be used to build a second tower at GSL project. We see next year the property industry is also getting better so that we will remain expansionary with budgeted capital expenditure (capital expenditure / capex) Rp1.6 trillion, up 100 percent from this year’s capital expenditure amounted to Rp800 billion, “he added.
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