Jakarta's Unpaid Housing Loans Reach Rp3.6 Trillion, Highest in Indonesia

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Adi Ahdiat 23/08/2023 18:50 WIB

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According to OJK data, Jakarta had the highest value of problematic mortgages (non-performing loans) in May 2023, reaching Rp 3.62 trillion, exceeding all other provinces.

Top 10 Indonesian Provinces with the Highest Value of Problematic Mortgages (Non-Performing Loans) (May 2023)*

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Jakarta's Unpaid Housing Loans Reach Rp3.6 Trillion, Highest in Indonesia

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Top 10 Indonesian Provinces with the Highest Value of Problematic Mortgages (Non-Performing Loans) (May 2023)*

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According to data from the Financial Services Authority (OJK), as of May 2023, the total value of financing from general banks to individuals (non-bank/non-business sector) for home ownership loans (KPR) nationwide reached Rp605 trillion.

This figure does not include the value of financing for apartment and shop house/officetel ownership.

In May 2023, the value of non-performing loans (NPL) for general bank KPR financing nationwide reached Rp15 trillion, equivalent to 2.49% of the total financing.

The largest value of problematic KPRs was in DKI Jakarta, at Rp3.62 trillion. However, this amount represents only 2.38% of the total KPR financing from general banks in the capital city, which totaled Rp152.15 trillion.

Other provinces with significant KPR arrears are West Java, East Java, Banten, North Sumatra, Central Java, South Sulawesi, Riau, South Sumatra, and South Kalimantan, with details as shown in the graph.

Although the nominal arrears are large on a national scale, the above provinces generally have a healthy ratio of problematic KPRs.

According to OCBC NISP, the NPL quality categories are as follows:

* Very healthy: NPL < 2%
* Healthy: 2% < NPL < 5%
* Fairly healthy: 5% < NPL < 8%
* Unhealthy: 8% < NPL < 12%
* Very unhealthy: NPL > 12%

Here is a breakdown of the ratio of problematic KPRs in these 10 provinces based on their quality:

* DKI Jakarta: 2.38% (healthy)
* West Java: 2.42% (healthy)
* East Java: 3.00% (healthy)
* Banten: 1.85% (very healthy)
* North Sumatra: 2.61% (healthy)
* Central Java: 2.00% (healthy)
* South Sulawesi: 2.43% (healthy)
* Riau: 3.87% (healthy)
* South Sumatra: 2.71% (healthy)
* South Kalimantan: 2.88% (healthy)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."