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Jakarta Post

Eco-housing projects must obtain green certificates to benefit from incentives

  • News Desk

    The Jakarta Post

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Jakarta   /   Tue, February 11, 2020   /  04:33 pm
The Jakarta Post Image
Green building: The Alamanda Tower in Cilandak, South Jakarta, is one of the few buildings in Jakarta that have applied environmentally friendly standards set by the Green Building Council Indonesia’s Greenship certification in the existing building category. (Courtesy of Alamanda Tower/-)

Eco-housing projects will need to obtain green certification in order to be able to benefit from the government’s financial incentives, such as those provided by Bank Indonesia (BI). The central bank’s macroprudential policy department director, Widi Agustin, said property projects that are claimed as environmentally friendly should obtain a green certificate to ensure that they meet the standards set by the government. "An environmentally friendly property is a property that meets green building criteria, which meet international and national standards," Widi said at a seminar on the outlook of the property business in 2020 in Jakarta on Thursday. In December, 2019 BI lowered the loan-to-value (LTV) ratio by 5 percent for environmentally friendly housing to 90 percent to promote the development of green housing in the country. With the ...