Housing-Estate.com, Jakarta – particularly property development segment of subsidized housing in East Nusa Tenggara (NTT) is very passionate. According to the Regional Board Chairman of Real Estate Indonesia (REI DPD) Bobby T. Pitoby, low-cost housing market in NTT is also very large.
Illustration housing construction cost
“In NTT there is still a backlog of 123 homes thousands of homes, there are 21 counties and one city, but during this housing development is still concentrated in the city and Kupang regency. So now most of the employed population was boarding 700 thousand / month, so they are very enthusiastic about the FLPP subsidized mortgage program, “he told housing-estate.com in Jakarta, Friday (2/12).
reference price of subsidized housing NTT amounted Rp133,5 million and in 2017 will increase to Rp141 million. With mortgage installments FLPP be below Rp800 thousand / month and other conveniences such as a cash advance only 1.5 million and VAT exemption. Only 80 percent of this housing development is still concentrated in the district and the city of Kupang in addition to socialization program’s home is still lacking.
To that end, Bobby has formed a consortium to work on the project several properties throughout the district and the city. With so there are some developers that work on every area of the district which is expected later 2-3 years to come more evenly spread of housing projects and community will also be eased aside more choices.
“Today we have entered into Belu Rote, Sika, Central Sumba, West Sumba and Ende who have started well construction. Not only the people, local developers are still many who do not know the government’s housing program. So with this consortium formed we expect such lighters, we make the lighter and will be ignited and grow, “he concluded.
housing-estate.com
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