Rabu 12 Jul 2017 01:00 WIB

More property buyers prefer using bank credit for payment

Red: Reiny Dwinanda
One of property that is available for middle-class workers. (Illustration)
Foto: antara
One of property that is available for middle-class workers. (Illustration)

REPUBLIKA.CO.ID, JAKARTA -- Property Consultant Colliers International said currently more property buyers prefer to use bank credit than in earlier years.

"In 2013, only 16 percent of property buyers used Bank Housing Credits (KPR) to buy apartment units to be repaid by installments. Now the percentage doubled," Senior Associate Director Research Colliers International Indonesia, Ferry Salanto, said here on Tuesday.

Ferry said the data was based on a survey by Colliers in Jakarta.

Based on the survey in the fourth quarter of 2013, around 16 percent of buyers of apartment suits used KPR from banks, 21 percent in hard cash and 63 percent bough houses from developers with cash installments.