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View all search resultsThe association has blamed P2P loans as one of the prominent causes behind the bad credit history of potential homeowners, citing that 40 percent of mortgage applications were turned down by banks because of this reason.
Publicly listed construction company PT Totalindo Eka Persada has achieved 10 percent of its target to book Rp 3 trillion (US$218 million) in new contracts in 2020, following its weak financial performance and plummeting share prices last year.
Property developers are lobbying the government and House of Representatives over what they call “thinning” funds allocated to the government’s subsidized housing program, which has become a key growth driver in the sector.
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