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  • BI Policy Hampers

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    Verda Rahma Tika
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    The document discusses how Bank Indonesia's high Loan to Value interest rate policy has hampered growth in Indonesia's property sector in the first half of 2014, with sales slowing by 10-15% compared to the same period last year. The chairman of the Real Estate Indonesia Association said the weakening rupiah exchange rate and presidential election also contributed to the slowdown, though no property development projects have been stopped. With the election now over, growth in the second half is predicted to improve, but they are waiting to see the new government's policies first before setting a target.

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    BI Policy Hampers

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    The document discusses how Bank Indonesia's high Loan to Value interest rate policy has hampered growth in Indonesia's property sector in the first half of 2014, with sales slowing by 10-15% compared to the same period last year. The chairman of the Real Estate Indonesia Association said the weakening rupiah exchange rate and presidential election also contributed to the slowdown, though no property development projects have been stopped. With the election now over, growth in the second half is predicted to improve, but they are waiting to see the new government's policies first before setting a target.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    15 views1 page

    BI Policy Hampers

    Uploaded by

    Verda Rahma Tika
    The document discusses how Bank Indonesia's high Loan to Value interest rate policy has hampered growth in Indonesia's property sector in the first half of 2014, with sales slowing by 10-15% compared to the same period last year. The chairman of the Real Estate Indonesia Association said the weakening rupiah exchange rate and presidential election also contributed to the slowdown, though no property development projects have been stopped. With the election now over, growth in the second half is predicted to improve, but they are waiting to see the new government's policies first before setting a target.

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    © All Rights Reserved
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    Name : - Vini Natalia

    - Malini Paramita
    - Verda Rahmatika
    Class : I A

    Wednesday, 16 July, 2014 | 17:24 WIB

    BI Policy Hampers Property Sector Growth


    TEMPO.CO, Jakarta Eddy Hussi, chairman of the Real Estate Indonesia Association
    (REI), said that property sector growth in the first semester of 2014 had slowed down to by
    10 to 15 percent compared to the same period last year.
    He said that high Loan to Value (LTV) interest rate determined by Bank Indonesia (BI) is one
    of the causes of the weakening property sales. Unstable rupiah exchange rate and
    presidential election contributed to the slowdown.
    Demands are few so theres little development, but no project has been stopped, said
    Eddy.
    With the end of presidential election, Eddy predicted that the property sector will continue to
    growth in the second semester. However, he is still waiting for the new governments policy
    before determining growth target.
    We are thankful that the presidential election ran smoothly, but we will still see the next
    governments policy, he said.
    MOYANG KASIH DEWIMERDEKA

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