"Saksikan tayangan kami Official Youtube IDX Channel di Program Market Review, Senin (23/12/2024) dengan Tema Insentif dan Subsidi Topang Industri Properti di 2025"
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00:00GAMEPLUS ARCADE is available only on NCTI Plus Super App. Play it now!
00:21Hello viewers, how are you today?
00:23Welcome back to IDX Channel Jakarta, I'm Prasetyo Wibowo.
00:27Welcome back to Market Review, a program that discusses economic issues in Indonesia.
00:32You can watch our live streaming at idxchannel.com.
00:36Let's start the Market Review.
00:40GAMEPLUS ARCADE
00:48The government continues a number of incentive and subsidy policies for the property sector in 2025,
00:55and this step is used to maintain the purchasing power of middle-class and low-income communities to access home ownership.
01:07Often with the establishment of an increase in the added value tax or PPF to 12% in 2025,
01:15the government has also prepared various steps of anticipation and mitigation in the form of incentives and subsidies to the community and the business world.
01:26And one of the business sectors that gets fiscal incentives is the property industry,
01:31where the government will extend the added value tax incentive on the government's shoulders or PPNDTP housing sector in 2025.
01:42PPNDTP facilities are provided on the basis of tax incentives or a maximum PPP of 2 billion rupiahs with a maximum selling price of 5 billion rupiahs.
01:54There is a 100% PPN discount that will last for the period of January to June 2025 and a 50% discount for July to December 2025.
02:06For the middle class, the government will continue the PPN on the government's shoulders for the property sector
02:16up to 5 billion rupiahs with a tax incentive of 2 billion rupiahs.
02:23So, 2 billion rupiahs on the government's shoulders, the rest up to 5 billion rupiahs, 2 to 3 billion rupiahs, 3 billion rupiahs for the payment.
02:33Meanwhile, the Minister of Housing and Residential Area, Marwara Sirait, gave appreciation to the government
02:41which continues to return to the policy of PPNDTP incentives in 2025
02:47and the exemption of property rights and construction rights or BPHTB
02:52and the agreement of building construction or BBG for low-income communities or MBR.
03:00First, I would like to say thank you because in our sector, the government has consistently supported the housing program since 2010.
03:17And for MBR, low-income communities through housing financing facilities.
03:26In addition to the data, the Statistics Center notes that the construction industry has contributed 10.06% to domestic products.
03:37While the real estate industry contributed 2.32% to GDP in the third quarter of 2024.
03:47In addition, the supporting industries will also enjoy the double effect of the PPNDTP property sector incentives
03:56so it is expected to increase the supply of labor and household consumption.
04:02From Jakarta, the coverage team of IDX Channel.
04:07Yes, our discussion topic this time is related to the incentives and subsidy of the supporting industry of property in 2025.
04:15We have been connected via Zoom with Mr. Joko Suranto, the Chairperson of the BPP Real Estate Indonesia.
04:22Hello, Mr. Joko, how are you?
04:24Alhamdulillah, I'm fine, Mr. Pras. I hope everyone is healthy and well.
04:30Thank you for the opportunity and Mr. Daniel Jumali,
04:34the Chairperson of the BPP Real Estate Indonesia.
04:39Hello, Mr. Daniel, how are you?
04:42I'm fine, Mr. Pras, Mr. Joko. Nice to meet you again.
04:47Thank you for the opportunity.
04:49Let's see how the government decides to extend the first value added tax policy in the PPNDTP in 2025
05:00in line with the 12% increase in PPN.
05:03Is it a fresh opportunity for property developers like you?
05:07There are three main things that we have to see about this property.
05:12The first is that the property is currently viewed by the government as a tool to grow the economy.
05:23So things related to the property industry are part of the program.
05:31It is one of the priorities programmed by the government of Prabowo-Gibran at the moment.
05:38Second, the government of Prabowo-Gibran also has a program of 3 million houses.
05:45This is part of the poverty alleviation program through housing development
05:52which is carried out through development in villages.
05:56It means there are one million in the city, two million in the village and the city and the coast.
06:06The third thing we have to see is that the property sector last year also got PPNDTP
06:18which previously also got in 2022-2023.
06:25The government must see that this property sector has not grown like other industries.
06:32Besides, there is a pressure on the purchasing power of the people.
06:37So the government continues the subsidy or stimulus pattern in the form of PPNDTP
06:48because the industry must grow.
06:51We know that the Pekpon property industry is 185 industries.
06:56This is a labor-intensive industry.
06:58So when this industry can grow, the related industry sector will grow faster.
07:08These 185 industries will lead to a new economic growth.
07:13There will be a supply of labor.
07:16Second, there will be income distribution.
07:20Third, it will certainly increase the purchasing power of the people.
07:24Houses are a part of the 185 industries.
07:30So when the stimulus is given, giving a positive address,
07:36the one that moves first is the 185 industries.
07:39So it is very appropriate for the government to provide extension or PPNDTP
07:48where there has been a decision by the three ministries, namely the release of PPNDTP.
07:55Although the implementation in the area must be pushed back so that it can be even.
08:02Because there are city governments that have implemented PPNDTP,
08:09but there are also city governments that have not been able to implement it
08:14because they are waiting for the release of Perda or Pemperkap and so on.
08:18But we believe that this PPNDTP instrument is very positive,
08:24provides a positive address, and God willing, the property industry will grow.
08:29Okay, that's it from Ray.
08:32What does the APRC see?
08:34Is this a policy that is also expected for the APRC,
08:38especially for low-income housing development communities?
08:44Yes, Mr. Pras.
08:46Indeed, the policy of this PPNDTP initiative in 2025,
08:53it is said to be extended again,
08:55is certainly a fresh wind for middle-income developers.
08:58While for the development of MBR properties,
09:02in fact, if MBR, because this is special,
09:08so the PPN is always held by the government.
09:12But for the middle-income, this is a good thing.
09:16And it should be remembered that the APRC, with more than 5,000 members,
09:22is 90% active in the MBR sector,
09:27only 10% in the upper middle class.
09:31So this fresh wind must be used properly,
09:35because we know that some of the properties
09:39are a bit unstable,
09:43because of the decline in purchasing power.
09:48Okay, so the challenge is still surrounding our property sector, right, Mr. Daniel?
09:54Yes, so this is a fresh wind, this PPNDTP.
09:58Okay, we'll see what it's like.
10:00Can this be a strong policy for 2025,
10:03where we know and have been announced,
10:05that 3 million units of houses will be targeted by the government
10:09for the development of the housing sector in Indonesia?
10:11We will discuss this in the next segment.
10:13Mr. Joko, Mr. Daniel, we will take a short break.
10:15And Mr. Mirza, make sure you are still with us.
10:35Thank you for joining us in the next segment of Market Review.
10:38We will provide you with data related to the scheme
10:41for the development of 3 million units of houses in Indonesia.
10:45As you can see, there are several components,
10:49in the sense of development in rural areas,
10:51then also in urban areas targeted by the current government.
10:55The village itself will be built around 2 million units of houses,
10:58then the urban area 1 million units of houses.
11:02And next, we will look at the land management strategy for the 3 million units of houses program.
11:07There are existing housing assets,
11:09then land from other corruptors and cases,
11:11land from provincial and municipal governments that are not used,
11:15then there is also the former land of HGU and HGB from the National Land Agency.
11:22Okay, those are some of the data that we have provided,
11:24and we will continue the discussion with Mr. Joko Seranto,
11:27Mr. Joko Seranto, DPP REI General Secretary,
11:29and Mr. Daniel Jumali, DPP APRC Secretary-General.
11:33Okay, Mr. Joko, if we will discuss with some of the data that has been provided,
11:38how do you see the continuation of the programs or incentives that have been provided,
11:43this will be a strong policy in how the government chases the 3 million units of houses, Mr. Joko?
11:52We see that the implementation of the 3 million units of houses program,
11:59and we see that this is a national strategic priority,
12:04then added stimulus to the BPN-DTP,
12:09the liberation of BPG and BPHTB and so on,
12:13this is a positive signal,
12:16a positive address for anyone who moves in this housing industry.
12:22Two things that we see,
12:24that the government's consistency in several years in the property industry,
12:29this is something good,
12:33and this is a condition that will push how this 3 million unit program can run better,
12:42more balanced like that.
12:44Second, some things related to land issues,
12:50and so on, the government has also started to take action,
12:53already has several options, there were four options earlier,
12:57and if we look at the review of the position of 1 million houses in this city,
13:05relatively already got enough numbers from the land availability side.
13:12The third addition is that,
13:15from the minister of the BPN-DTP, Mr. Nusran himself,
13:19has also prepared land that can be used,
13:24this means that the government is serious,
13:27preparing itself to succeed in the 3 million unit program.
13:33If we calculate, then actually the needs of the 3 million units of houses,
13:38the house is about 70,000 hectares,
13:45and that number is actually relatively sufficient,
13:49especially if we look at what is pushed for the 1 million house program in the city,
13:56is high-risk building.
13:59For example, Jakarta alone, there are 140 markets that want to be pushed,
14:07not yet from BUMN assets,
14:11not yet from the assets that were provided by Kejaksaan.
14:17Actually, from the issue of land, this has been completed,
14:23just how the format, the formula,
14:27so that the land can be handed over to,
14:30or can be delivered to the industry sector to be used as land,
14:36starting with the design, planning, and so on.
14:40The point of rejection from the issue of the 3 million houses,
14:44in the end, it is about how the format will be set by the government,
14:49so that it can run.
14:52We know that stimulus or government intervention in this housing,
15:00the only one that is reliable and has run well is FLPP,
15:04where the housing industry accepts this as a social safety net
15:09on the condition of weakness, purchasing power,
15:13there is a condition of the increase in the number of flowers,
15:16there is a pandemic condition, and so on.
15:18It has run well and is measured.
15:22We know in one of the latest figures,
15:25or if we take it from 2010,
15:28then the realization of this FLPP is below Rp. 300,000.
15:34The third is Rp. 298,000,
15:37where the industry is doing well at that time,
15:40the economy is doing well,
15:42so that the realization can be close to Rp. 300,000.
15:48Now, this FLPP is part of,
15:52which is accepted by the community,
15:55and we see the community portfolio of income
15:59that can access is between Rp. 1 million to Rp. 8 million.
16:04We know that if the government uses a ratio of 1 to 8,
16:08it can push or access the FLPP.
16:14We know that 1 to 4, especially in big cities,
16:18it will be difficult to access this FLPP,
16:22because the content is reduced, and so on.
16:25Only Rp. 4 to Rp. 8 million.
16:27That's why we push for certain income communities,
16:33maybe it can also be called corporate income,
16:37among which the people who earn Rp. 8 to Rp. 15 million.
16:42It means this is a gradation of income
16:46where they can't enter the middle level yet,
16:50but they also can't access,
16:53of course, they can't access housing.
16:57This is something we have to think about,
17:01how they can get access,
17:04or get stimulus,
17:06so that we get housing access.
17:10Although this FLPP,
17:13this group of Rp. 8 to Rp. 15 million,
17:16has already gained profit.
17:18So far, Indonesia has contributed
17:2344 to 46 percent nationally
17:27for the FLPP or MBR.
17:30Nationally, for commercial,
17:32we supply about 65 percent.
17:35That's it.
17:36This is interesting.
17:37Mr. Danil, what about Persis?
17:393 million houses, 2 million houses in the village,
17:421 million houses in the city.
17:45We know that Persis has a big focus
17:50on housing development for low-income communities,
17:54or MBR.
17:55How do you see it?
17:56The efforts or challenges that Mr. Joko has mentioned,
18:00will there be a solution from Persis?
18:04Yes, it's very interesting.
18:06In principle, Persis is ready to support
18:113 million houses.
18:14If I look at it,
18:153 million houses are 1 million in the city,
18:172 million in the village and Persis.
18:20For 1 million in the city,
18:23I think it's already working.
18:26It's safe.
18:27If I look at it,
18:28from 1 million in the city,
18:30about 35 percent are in the MBR sector.
18:36Those who get subsidies,
18:39based on the city's quota.
18:42Another 35 percent are millennials,
18:45including MBT, low-income communities.
18:48Maybe it's better to say,
18:49middle-income communities.
18:53And about 30 percent of those in the cities
18:56are in the upper middle class and apartments.
19:00Indeed, these days, apartments are a bit empty.
19:03Because the problem is that it's expensive to build.
19:07Even if we say it's a tsunami,
19:09it's still expensive there.
19:11But if I look at it,
19:1235 percent in the MBR sector,
19:1435 percent in the millennials,
19:1570 percent in the cities,
19:17it's already up.
19:19Except for the apartments
19:20that may not be built by Ray.
19:23While for the 2 million in the village or Persis,
19:27we are ready to support.
19:29But indeed, I see,
19:30there is no clear roadmap yet,
19:33or an official scheme from the government
19:35regarding the implementation regulations.
19:37We are waiting for that.
19:38But for sure,
19:39APERSI supports both 1 million in the cities,
19:43and 2 million in the villages and Persis.
19:46We are ready.
19:47Because we have the equipment,
19:49it's ready in the villages and Persis,
19:51as well as in the cities.
19:52Well, that's it.
19:53The most fundamental challenge
19:54to achieve the target of 3 million houses per year.
19:56Then later,
19:57what is the working mechanism like
19:59between property owners,
20:01then the central and regional governments,
20:04we will discuss later in the next segment.
20:05We will be back shortly.
20:07We will be right back after this.
20:26Well, our conversation is getting more and more interesting,
20:28together with Mr. Daniel Jumali,
20:29then Mr. Suranto from Real Estate Indonesia.
20:32Well, Mr. Daniel,
20:33what does APERSI see?
20:35If we look at the working pattern,
20:38or the mechanism,
20:39if we talk about the preparation,
20:41the construction of 3 million houses per year,
20:45in the villages, Persis,
20:47then in the cities,
20:49and the most fundamental challenge,
20:51where is it, Mr. Daniel?
20:54Yes, if I look at the 1 million in the cities,
20:58it's relatively safe.
21:00It's 30% MBR,
21:02except for the city.
21:04Because if we look at the city,
21:06MBR depends on the subsidy,
21:09facility, and liquidity of the government's housing budget.
21:15And if we look,
21:16from 2017,
21:18200,000 units,
21:202018,
21:22around 230,000 units,
21:25and in 2019,
21:27that's 267,000 units.
21:29And it turns out it's still lacking.
21:31Finally, we told the president,
21:35the president added another 15,000 units,
21:38so almost 280,000 units,
21:42in 2019,
21:44that's an addition of SSB and SSM.
21:49Well, that's good.
21:51Everything has been achieved.
21:53But in 2023, for example,
21:56the realization is 229,000 units.
22:00But for the ones that are included in the RPJMN,
22:03in 2024,
22:05TAPERA only included 266,000 units.
22:09Finally, we got together,
22:11APRC and Mr. Joko and Imbera,
22:14we went forward,
22:16we got an addition of 34,000 units.
22:18But that's still not enough.
22:20Because November is over.
22:22Like now,
22:23the Minister of Housing and Residential Areas
22:29is trying to plan for next year,
22:32because there are still some issues here.
22:35MBR needs a quota.
22:37And it turns out,
22:39the previous one,
22:41the comparison of banks and SMF,
22:4475% and 25%,
22:46was changed to 50-50.
22:49This means that each bank,
22:51which has strong liquidity,
22:53can pay for this too.
22:56And this is a good thing.
22:59Now there are only 2 million in the villages and the coast.
23:02I think our development is already a lot in the villages and the coast.
23:06It's just how the road map is.
23:09How the technical scheme of the government,
23:12we follow, we support, it will definitely work.
23:15That's it, Mr. President.
23:17Well, Mr. Joko Lantas, how are you?
23:19The Nomik property,
23:21is it already in line with the government's target
23:23to create 3 million units of houses?
23:25Then earlier, the cooperation mechanism patterns,
23:28is it already quite intense?
23:31If we talk about the development from the city to the villages.
23:37Thank you, Mr. Pras.
23:38Mr. Pras still remembers the Nomik property, right?
23:40Yes.
23:41Our Nomik property proposal,
23:43Alhamdulillah,
23:44is in line or recognized by Mr. Boni Minang,
23:47the part that is inseparable from the government policy,
23:51where the government finally,
23:53one, re-establishes housing and residential areas,
23:58the second,
24:00restructuring,
24:02relaxation of the environment in the form of policy or determination,
24:07the third, more measurable budget,
24:10the fourth, we have heard,
24:14there is a push,
24:16there is a national strategic program in that house.
24:19So, certain things related to the situation and so on,
24:24will be wider, more relaxed,
24:26more smooth to be pushed.
24:28We go back to the 3 million house program.
24:33Real Estate Indonesia,
24:35at the beginning of 2023,
24:38has indeed pushed
24:40regarding the housing problem,
24:42must immediately get extra or different handling.
24:46Because it is impossible to expect a different result
24:49when the method, pattern, and instrument are still the same.
24:53We indeed, with Nomik property,
24:55push to get the attention,
24:58accommodation from the government,
25:00how this property is viewed as economic growth.
25:04And Alhamdulillah,
25:06in the Prabowo Givan program, it is included,
25:09and we, in a research, REI with LMFEB UI,
25:15has announced in several media,
25:18that every investment in the property sector of 7 billion dollars
25:22or approximately 112 trillion,
25:24it will give an impact of 0.5%
25:28on economic growth.
25:30This is what we will push together,
25:33we discuss with the Saskas team,
25:36a housing project led by Mr. Hasim,
25:39where we have concluded several things,
25:43that the houses in the villages or the coast
25:47are made as a way to alleviate poverty.
25:51We agree on that, and we push,
25:54then, why, for example, 25 units of houses in the village,
26:00if the price is 100 KPR,
26:03there are 2.5 billion KPR there,
26:06if the profit is 20%,
26:08it means there are 500 million economic stimulus there.
26:11The second thing we agree on is,
26:14the development is carried out by the entities in the village.
26:19So there is BUMDES, there is a corporation,
26:22even we, Real Estate Indonesia, have agreed
26:26to provide a declaration to the economic actors
26:29that we will push together.
26:31Why does this need to be declared?
26:34Because the development, or building a house,
26:38requires a certain amount of capacity
26:40in terms of labor, in terms of maintenance,
26:42and also in terms of skills.
26:43The third thing we agree on is,
26:48when there is growth in the village,
26:52then the banks will come in,
26:54the villagers can have access to the banks,
26:59it means that the people in the village
27:03become customers, become bankable,
27:06and in the end, it will grow,
27:09for the property industry itself, there is a new market.
27:12The second thing, for the villagers,
27:14there is a new entrepreneur.
27:16Real Estate Indonesia will always push
27:20how this government policy can be inland,
27:25can move, can even be executed.
27:29That's the aggregate.
27:31However, in the end,
27:33we, Real Estate Indonesia, also took three positions.
27:37The first one, we will go through that declaration,
27:40which is coaching.
27:42The second one, we can be a partner.
27:44At a certain event, a certain condition,
27:47of course, we can also be the actors there.
27:51Why is that?
27:52We take the first and second positions,
27:54we see with a new entity,
27:57there is a new entrepreneur,
27:58this is what Indonesia needs.
28:00We know that a country has a minimum of 2% entrepreneurs.
28:05In Indonesia, this is still 0.9%.
28:08It means that if we move for red and white,
28:12then we have to push new entrepreneurs to grow,
28:16in the end, it will also be our basic capital
28:19to become a prosperous country.
28:21Yes, it means that we have to support each other, Mr. Joko.
28:25How we grow together as an industry property,
28:28and especially to pursue the construction of 3 million houses,
28:33from urban areas, villages,
28:35and hopefully the synergy will be even more solid in 2025.
28:40Okay, Mr. Joko, thank you very much for the time,
28:43sharing and updates that have been given to the audience today.
28:46Congratulations on continuing your activities again.
28:48Good health and see you again.
28:50Thank you, Mr. Daniel.
28:52Thank you. Good health, Mr. Joko, Mr. Pras.
28:56Okay, thank you.
28:58Don't leave your place.
28:59Because in a moment we will come back with another interesting topic
29:03related to the sale of Indonesian Republic halal products
29:06that reached Rp 871 trillion.
29:18You