Jakarta – The government’s plan to build one million housing judged to be easy. There is required an efficient housing finance system, to improve low-income communities (MBR) to have a comfortable and affordable housing.
This is revealed in the event of surgical guide Promoting Efficient Housing Financing System . Also present were the Director General of the Ministry of Public Works Financing Housing and Public Housing (Kempupera) Maurin Sitorus, author Erica Soeroto and Director of The Institute HUD, Zulfi Syarif Koto, in Jakarta, recently.
President Director of PT Sarana Multigriya Financial (first period), Erica Soeroto stressed the importance of the defense of government in housing finance. In any country, he said, the housing finance will not grow without the support of the coordination of various government agencies involved.
“The support that is needed, not unlike the usual support taken by the Government of other Asian countries after the crisis of 1997, ie remove the various obstacles that hinder the growth of mortgage healthy,” said Erica.
Moreover, he added, better risk management, more open access to funding in the capital markets and encourage increased market discipline including providing regulation at every stage of development of the market.
“With this support, it is expected housing finance in Indonesia is not underdeveloped compared to other Asian countries such as is the case today,” he said.
According to Erica, the lack of regulation that supports the growth of the housing market, could lead to market shackled, and may be one factor contributing to macroeconomic instability.
“It can have negative impacts such as the spread seedy neighborhood, increasing poverty and criminal actions, which would increase the state budget to address social problems that arise because of a lack of shelter,” he said.
market financing efficient housing, said Erica, becomes an important part in setting macro-economic policy, as the market, the key engines of economic growth, an anchor for social stability, could encourage the growth of capital markets, create pressure for the market to function more efficiently .
“Government’s attention should be focused on the development of the housing finance system as a whole as a whole, in an integrated manner and not on a specific target market,” said Erica.
Dirketur The HUD Institute, Zulfi Syarif Koto, added that the current financing system is needed that efficient in the housing development sector in Indonesia. Some of the alternatives proposed changes to lift MBR affordability through market-based mortgage program which in turn can be securitized.
“It required the commitment and the role of government to support alternatives such changes. If this is not done then the subsidy continues, the market remains inefficient thereby increasing the economic cost is the price that must be paid,” said Zulfi.
Imam Muzakir / FER
Investor Daily
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