RESIDENTIAL PROPERTY PRICE SURVEY FOR PRIMARY HOUSE

RESIDENTIAL PROPERTY PRICE SURVEY FOR PRIMARY HOUSE Quarter III - 2017 Residential Property Prices Increased in the Third Quarter of 2017 Respondents of the Bank Indonesia Residential Property Price Survey confirmed positive growth of residential property prices in the third quarter of 2017, decelerating from 1.18% (qtq) to 0.50% (qtq). Annually, however, the respondents reported faster rising prices, as growth accelerated from 3.17% (yoy) to 3.32% (yoy). Developers cited more expensive construction materials and higher wages as the main drivers of rising residential property prices in the reporting period. On a quarterly basis, developers reported that all property types enjoyed rising prices, especially medium houses (0.59%, qtq). Regionally, developers in Bandar Lampung reported the largest price gains (3.13%, qtq). Developers confirmed 2.58% (qtq) growth of residential property sales in the third quarter of 2017, down from 3.61% (qtq) previously in line with limited demand for houses. The latest survey indicated that most consumers (76.42%) were inclined to borrow when purchasing property, while the majority of developers (56.75%) relied on internal funds to finance residential property development. Congruent with residential property sales growth, the banks were more inclined to extend housing loans during the third quarter of 2017. Survey respondents confirmed slower quarterly growth of residential property prices in the third quarter of 2017, contrasting the annual gains. Residential Property Prices Respondents of the Bank Indonesia Residential Property Price Survey confirmed slower growth of residential property prices in the third quarter of 2017 compared to conditions in the previous period. Accordingly, the Residential Property Price Index (RPPI) stood at 200.26, with growth decelerating from 1.18% (qtq) to 0.50% (qtq). Annually, however, the respondents reported faster rising prices, as growth accelerated from 3.17% (yoy) to 3.32% (yoy). Developers cited more expensive construction materials (32.95%) and higher wages (17.96%) as the main drivers of rising residential property prices in the reporting period. Methodology The Residential Property Price Survey for a Primary House is conducted on a quarterly basis with a sample of major developers in 14 cities, namely Jabodebek and Banten, Bandung, Surabaya, Semarang, Yogyakarta, Manado, Makassar, Denpasar, Pontianak, Banjarmasin, Bandar Lampung, Palembang, Padang and Medan. The Survey was expanded to include two additional cities in the first quarter of 2014, namely Batam and Balikpapan. Respondents consist of developers in the Jabodebek-Banten region as well as developers registered at 15 Bank Indonesia Domestic Representative Offices. The data is collected directly through face-to-face interviews, covering information on house prices as well as the number of units built and sold in the respective quarter as well as predicted house prices for the upcoming period. DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 1

Residential Property Survey for Primary House Quarterly, developers confirmed that rising prices affected all property types, especially medium houses. On a quarterly basis, developers reported that all property types enjoyed rising prices, especially medium houses, for which the prices accelerated from 0.55% (qtq) to 0.59% (qtq). Conversely, the prices of small and large houses enjoyed more moderate gains, with growth slowing from 2.61% (qtq) and 0.38% (qtq) to 0.61% (qtq) and 0.29% (qtq) respectively. Regionally, developers in Bandar Lampung reported the largest price hikes (3.13%, qtq), particularly for medium houses (6.94%, qtq). Bandar Lampung s strategic location as the gateway to Sumatra and relatively close proximity to the capital city of Jakarta, as the centre of business, government, finance and trade, boosted residential property prices. Graph 1. Residential Property Price Index (RPPI) RPPI-LHS % Change (qtq) % Change (yoy) (Index) (%) 210,00 200,00 190,00 180,00 170,00 160,00 150,00 140,00 130,00 120,00 110,00 100,00 90,00 193,83 3,59 2,75 0,82 0,36 200,26 201,18 199,26 3,17 3,32 3,41 1,18 0,50 0,46 I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV* 2012 2013 2014 2015 2016 2017 Graph 2. Residential Property Price Index (RPPI) of Small Houses 16,00 14,00 12,00 10,00 8,00 6,00 4,00 2,00 0,00 (Index) RPPI-LHS % Change (qtq) % Change (yoy) (%) 240,00 230,00 220,00 210,00 200,00 190,00 180,00 170,00 160,00 150,00 140,00 130,00 120,00 110,00 100,00 90,00 218,55 3,76 0,63 229,69 231,09232,50 5,76 5,73 5,78 2,61 0,61 I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV* 2012 2013 2014 2015 2016 2017 0,61 25,00 22,00 19,00 16,00 13,00 10,00 7,00 4,00 1,00-2,00-5,00 DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 2

Residential Property Survey for Primary House Graph 3. Residential Property Price Index (RPPI) of Medium Houses (Index) RPPI-LHS % Change (qtq) % Change (yoy) (%) 200,00 190,00 180,00 170,00 160,00 150,00 140,00 130,00 120,00 110,00 100,00 3,74 192,24 3,20 0,41 0,55 196,22197,38 198,40 25,00 2,49 2,67 2,97 0,59 0,52 22,00 19,00 16,00 13,00 10,00 7,00 4,00 1,00-2,00 90,00 I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV* 2012 2013 2014 2015 2016 2017 Graph 4. Residential Property Price Index (RPPI) of Large Houses -5,00 (Index) RPPI-LHS % Change (qtq) % Change (yoy) (%) 180,00 170,00 160,00 150,00 140,00 130,00 120,00 171,95 169,31 171,45 172,38 1,32 1,32 1,56 1,51 12,00 9,00 6,00 3,00 110,00 100,00 0,05 0,38 0,29 0,25 0,00 90,00 I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV* 2012 2013 2014 2015 2016 2017-3,00 Annually, residential property prices growth accelerated on the previous period. Annually, residential property prices growth accelerated from 3.17% (yoy) in the previous period to 3.32% (yoy) in the third quarter of 2017, affecting all house types, especially small houses (5.73%, yoy). Regionally, developers in Surabaya reported the strongest gains in terms of residential property prices (6.86%, yoy) in line with development of the Outer West Ring Road (OWRR) that stretches from north to south and connects various strategic facilities in Surabaya. DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 3

Residential Property Survey for Primary House The Residential Property Price Index (RPPI) and housing expenses component of CPI trended upwards in the third quarter of 2017. The Residential Property Price Index (RPPI) trended upwards, mirroring the housing expenses component of the Consumer Price Index (CPI) in the third quarter of 2017. The latest data pointed to positive RPPI growth, consistent with the housing expenses component of CPI that accelerated from 0.27% (qtq) to 0.35% (qtq). Graph 5. RPPI and the Housing Expenses Component of CPI (qtq) (%) 6,00 Change in RPPI (qtq) Change in CPI (qtq) 5,00 4,00 3,00 2,00 1,00 - (1,00) 0,70 0,37 1,23 0,70 0,93 I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III 2010 2011 2012 2013 2014 2015 2016 2017 1,18 0,27 0,50 0,35 Developers conceded slower growth of residential property sales in the third quarter of 2017. Residential Property Sales Developers conceded slower growth of residential property sales in the third quarter of 2017. The survey results indicated that residential property sales grow slower than the previous period, declining from 3.61% (qtq) to 2.58% (qtq) in line with limited demand for houses. Graph 6. Property Sales Growth (%, qtq) % 50,00 40,00 Average growth of sales for all building types Average growth of sales for the last 3 years 30,00 20,00 10,00 11,58 - (10,00) 4,65 4,16 3,61 2,58 I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III 2011 2012 2013 2014 2015 2016 2017 (20,00) (30,00) DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 4

Residential Property Survey for Primary House Predicted Residential Property Growth in Quarter IV 2017 Respondents predicted the slowing residential property price tend to persist into the fourth quarter of 2017. Developers predicted the slower trend of rising residential property prices to persist into the fourth quarter of 2017. Survey respondents predicted the Residential Property Price Index (RPPI) to expand at 0.46% (qtq) in the fourth quarter, down from 0.50% (qtq) in the previous period. Developers expected the prices of all house types to post gains, especially small houses (0.61%, qtq). Regionally, developers in Bandar Lampung predicted the largest increase (2.91%, qtq). Annually, developers predicted rising residential property prices to accelerate in the fourth quarter of 2017. Survey respondents expected the RPPI to increase from 3.32% (yoy) to 3.41% (yoy) in the reporting period, with small houses predicted to record to strongest gains (5.78%, yoy). Regionally, however, developers in Bandar Lampung again expected the largest increase (6.33%, yoy). Graph 7. Graph 8. Projected Residential property Prices Mortgage Rates by Project Location (Index) Index % Changes (qtq) % Changes (yoy) (%) 340 25 290 20 15 240 10 190 5 140 0 90-5 Bandung Bandar Lampung Banjarmasin Denpasar Palembang Semarang Yogyakarta Padang Medan Makasar Manado Surabaya Pontianak Batam Balikpapan Jabodebek-Banten Maluku Sul.Tengah DKI Jakarta DIY Sul.Sel Sumut Maluku Utara NTT NAD Jateng Bali Kalsel Sul.Tenggara Banten Kalbar Jabar Sul. Bar Sumsel Kaltim Jatim Kalteng Riau Kepri Kep. Babel Sumbar Bengkulu NTB Sul.Utara Papua Irian Jaya Barat Lampung Jambi Gorontalo 1,00 2,00 3,00 4,00 5,00 6,00 7,00 8,00 9,00 10,00 11,00 12,00 13,00 14,00 Source : Monthly Report of Commercial Banks Most respondents suggested high lending rates on housing loans (20.36%), large downpayments (16.57%), taxes (16.13%), protracted licensing procedures (14.45%) and rising prices of construction materials (11.68%) were the most binding constraints to property business expansion. Based on project location, the highest lending rates on housing loans were offered in Gorontalo (13.95%), while the lowest rates were available in Maluku (10.10%) (Graph 8). DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 5

Residential Property Survey for Primary House Developers relied on internal funds to finance residential property development, while most consumers favoured housing loans to purchase property. Residential Property Financing Developers continued to rely on internal funds to finance residential property development, while most consumers favoured housing loans to purchase property. In terms of financing, most developers (56.75%) acknowledged depending on internal funds to finance residential property development, consisting of retained earnings (27.73%), paid-up capital (23.31%), other sources (3.38%) and joint venture (2.33%). Graph 9. Structure of Residential Property Financing (Developer) Bank Loans 31,18% Internal Fund 56.75% Retained earning 27,73% Paid up capital 23,31% Customers 8,95% Others 2,14% Non-Bank Loans 0,99% Others 3,38% Joint Venture/ Consortium 2,33% On the other hand, consumers were inclined to borrow when purchasing property, with the latest survey indicating that most (76.42%) opted for housing loans, up from 75.54% last period. Meanwhile, the portion of consumers preferring cash instalments increased from 17.07% to 17.13% (Graph 10). The lending rates offered by the banking industry on housing loans ranged from 9.69% - 13.02% (Graph 11). Graph 10. Graph 11. Structure of Consumer Financing Weighted Mortgage Rates (by Group of Bank) Cash Instalment 17,13% Cash 6,45% House Ownership Loan (KPR) 76,42% 14,00 12,00 10,00 8,00 6,00 4,00 2,00 0,00 State-owned Banks Private National Banks Foreign Banks and Joint Banks Regional Government Bank Source : Monthly Report of Commercial Banks DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 6

Residential Property Survey for primary House Consistent with rising residential property prices, the banking industry increased lending to the property sector in the third quarter of 2017. Total disbursed housing loans stood at Rp392 trillion, with growth accelerating from 1.88% (qtq) to 2.54% (qtq) in the reporting period. In contrast, the banking sector confirmed that total credit growth slowed from 2.70% (qtq) to 1.34% (qtq). Of the Rp3.10 trillion allocated for 2017, Housing Financing Liquidity Facility (FLPP) disbursements totalled Rp1.177 billion as of the third quarter of 2017. Graph 12. Housing and Total Loans Graph 13. FLPP Share of House Ownership Loan 4.700 4.200 3.700 3.200 2.700 Total Credit (in trillions of Rp) - left axis Property Loans (in trillions of Rp) - right axis 500 400 300 (IDR Billion) House Ownership Loan Housing Financing Liquidity Facility (FLPP) 30.000 27.734 25.000 23.674 22.082 22.387 21.140 19.349 19.797 20.132 20.000 17.982 18.449 15.620 15.000 2.200 1.700 1.200 700 200 I II III 200 100-10.000 5.000-2.579 2.703 3.016 1.921 285 487 373 317 268 474 435 TW I TW II TW III TW IV TW I TW II TW III TW IV TW I TW II TW III 2015 2016 2017 2010 2011 2012 2013 2014 2015 2016 2017 Source: Monthly Report of Commercial Banks and the Ministry of Public Housing DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 7

Table 1. Residential Property Price Index by Region (Base year 2002 = 100) No. CITY TYPE RPPI 2015 2016 2017 Q III Q IV Q I Q II Q III Q IV Q I QII QIII* QIV 1 BANDUNG SMALL 218,11 219,20 227,84 229,66 232,39 235,81 239,16 239,75 246,35 248,29 MEDIUM 266,26 267,38 274,33 277,73 280,70 281,82 289,88 290,87 297,09 298,64 LARGE 210,11 211,46 217,27 225,14 225,70 226,94 229,26 230,17 234,29 232,40 TOTAL 231,14 232,34 239,54 244,07 246,12 248,11 252,51 253,34 258,96 259,40 2 BANDAR LAMPUNG SMALL 199,11 212,16 212,16 214,98 214,98 214,98 215,00 212,46 212,46 217,73 MEDIUM 179,78 180,83 180,83 180,83 181,32 181,44 182,44 182,39 195,04 199,41 LARGE 181,96 181,96 185,47 185,47 185,47 185,47 187,44 187,76 192,36 200,11 TOTAL 187,63 192,10 193,33 194,18 194,35 194,39 195,44 194,76 200,85 206,70 3 BANJARMASIN SMALL 255,72 256,28 261,97 264,72 270,44 271,85 279,02 279,47 280,14 279,94 MEDIUM 198,88 204,25 211,71 213,42 217,93 219,58 219,63 219,69 219,93 219,93 LARGE 162,38 162,38 162,38 162,83 163,86 165,74 165,61 165,98 166,79 166,79 TOTAL 202,87 204,86 208,85 210,33 213,76 215,49 217,35 217,63 218,24 218,20 4 DENPASAR SMALL 192,36 192,36 193,46 193,75 193,52 194,18 193,98 194,00 191,94 191,54 MEDIUM 200,09 201,87 202,60 202,78 202,57 203,65 205,07 205,11 204,70 206,98 LARGE 156,62 156,82 157,07 157,42 157,17 157,69 160,26 160,35 159,55 160,62 TOTAL 183,20 183,83 184,49 184,76 184,52 185,26 186,63 186,69 185,59 186,57 5 PALEMBANG SMALL 264,23 267,88 276,90 278,07 278,07 278,07 281,13 282,62 284,48 291,28 MEDIUM 241,03 240,11 249,28 249,73 249,08 249,08 253,84 254,17 253,10 253,66 LARGE 215,08 217,36 218,56 218,56 215,47 215,82 216,75 216,75 217,79 217,79 TOTAL 240,32 241,98 248,22 248,72 247,32 247,45 250,29 250,84 251,44 253,63 6 SEMARANG SMALL 235,37 236,34 236,79 237,28 237,19 237,57 241,56 244,05 246,10 249,94 MEDIUM 186,94 187,50 188,61 189,63 189,88 190,20 191,34 191,78 193,20 193,37 LARGE 156,66 156,99 158,92 159,01 159,06 159,41 160,07 160,77 160,77 161,83 TOTAL 190,85 191,44 192,72 193,24 193,32 193,67 195,41 196,52 197,57 199,09 7 YOGYAKARTA SMALL 233,05 235,01 235,04 234,75 235,41 235,81 236,85 237,16 237,23 238,67 MEDIUM 177,48 178,62 179,49 179,87 180,01 180,97 181,56 182,20 182,56 183,37 LARGE 181,84 182,53 183,14 183,94 184,93 185,91 187,44 188,13 188,42 189,21 TOTAL 196,32 197,54 198,09 198,45 199,04 199,86 200,92 201,48 201,74 202,73 8 PADANG SMALL 231,92 234,42 235,73 236,87 237,15 237,89 237,89 241,10 241,17 241,48 MEDIUM 173,04 173,75 174,53 175,12 175,66 176,00 176,35 176,31 177,04 177,13 LARGE 153,41 153,87 153,87 153,87 153,87 154,10 154,10 154,24 154,38 154,24 TOTAL 184,65 185,75 186,39 186,89 187,15 187,56 187,69 188,58 188,92 188,97 9 MEDAN SMALL 245,64 256,03 260,84 265,14 265,14 265,14 267,77 267,77 267,77 267,77 MEDIUM 218,17 226,00 237,30 241,83 241,83 241,83 243,16 243,16 243,48 244,60 LARGE 188,27 191,67 191,67 191,81 191,81 191,81 191,81 191,81 193,17 189,50 TOTAL 217,21 224,18 229,32 232,09 232,09 232,09 233,30 233,30 233,95 232,83 10 MAKASSAR SMALL 401,96 412,21 424,82 423,04 424,26 423,67 425,53 425,53 434,77 434,98 MEDIUM 313,04 313,73 318,06 317,74 318,06 320,03 320,16 320,77 327,08 327,38 LARGE 214,42 214,49 215,05 215,05 215,05 215,05 215,39 215,39 215,39 215,39 TOTAL 301,43 304,24 309,01 308,49 308,89 309,38 310,03 310,22 314,50 314,66 11 MANADO SMALL 305,53 305,53 306,39 311,07 311,07 311,07 312,63 312,63 312,63 311,35 MEDIUM 324,05 328,65 328,65 377,95 377,95 380,06 387,47 387,74 390,92 393,78 LARGE 207,60 211,26 211,28 224,02 224,02 225,16 228,83 229,77 230,92 233,32 TOTAL 278,48 281,43 281,71 302,89 302,89 303,98 308,12 308,61 309,97 311,36 12 SURABAYA SMALL 282,32 284,75 289,54 292,87 303,00 311,09 324,50 327,58 334,65 339,07 MEDIUM 288,82 291,94 299,03 306,48 311,47 312,72 320,50 325,54 329,25 330,30 LARGE 272,85 274,32 276,13 276,52 278,68 283,86 290,50 291,08 291,17 296,09 TOTAL 282,44 284,78 289,31 292,95 298,70 303,60 312,82 315,67 319,18 322,72 13 PONTIANAK SMALL 152,08 153,09 152,83 152,83 151,54 151,89 151,81 153,45 153,93 154,61 MEDIUM 218,81 218,77 219,16 219,36 220,43 220,06 221,60 222,31 222,49 224,27 LARGE 135,25 135,25 139,24 139,24 139,24 139,24 139,24 139,24 139,24 139,33 TOTAL 165,95 166,30 167,94 167,99 167,79 167,83 168,20 168,99 169,21 169,93 14 BATAM SMALL 127,77 128,51 133,33 134,41 135,21 135,21 138,15 138,64 138,51 138,51 MEDIUM 126,55 128,66 135,02 136,13 136,86 136,86 139,23 139,34 139,19 139,19 LARGE 127,65 127,81 130,36 130,62 129,94 131,28 132,51 131,32 131,37 131,37 TOTAL 127,49 128,50 133,08 133,89 134,16 134,61 136,79 136,57 136,51 136,51 15 BALIKPAPAN SMALL 114,21 115,26 116,31 117,22 117,25 117,24 117,56 117,56 117,64 117,64 MEDIUM 118,01 119,28 119,47 119,36 119,59 119,72 119,85 119,83 119,83 119,83 LARGE 117,86 118,59 118,82 118,94 119,10 119,28 119,28 119,28 119,51 119,51 TOTAL 116,73 117,74 118,24 118,54 118,69 118,78 118,94 118,92 119,03 119,03 16 JABODEBEK-BANTEN SMALL 252,88 254,30 255,93 257,90 258,88 259,96 265,48 278,16 278,83 280,00 MEDIUM 198,72 199,63 199,89 200,35 200,85 201,25 203,71 205,17 205,44 206,69 LARGE 169,94 170,23 170,31 170,31 170,37 170,42 170,96 172,02 172,11 172,52 TOTAL 204,70 205,52 206,07 206,75 207,21 207,66 210,20 214,48 214,78 215,69 COMPISITE OF 16 CITIES SMALL 210,63 212,82 215,53 217,18 218,55 219,80 223,84 229,69 231,09 232,50 (Including Jabodebek MEDIUM 186,28 187,70 189,95 191,45 192,24 192,68 195,15 196,22 197,38 198,40 and Banten) LARGE 167,11 167,74 168,60 169,22 169,31 169,82 170,80 171,45 171,95 172,38 TOTAL 188,65 190,02 191,90 193,13 193,83 194,54 196,94 199,26 200,26 201,18 COMPISITE OF 15 CITIES SMALL 147,80 148,91 150,32 150,89 151,54 152,09 153,26 153,55 154,30 154,92 (excluding Jabodebek MEDIUM 172,34 173,24 175,20 176,39 176,90 177,13 178,30 178,64 179,57 179,94 and Banten) LARGE 142,27 142,70 143,38 143,92 143,96 144,38 144,98 145,07 145,45 145,64 TOTAL 153,22 154,03 155,34 156,09 156,48 156,89 157,86 158,10 158,78 159,17 DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 8

Table 2. Residential Property Price Index Growth by Region (Base year 2002 = 100) % QUARTERLY CHANGE (q-t-q) % YEARLY CHANGE (y-o-y) No. CITY TYPE 2016 2017 2016 2017 Q III Q IV Q I Q II Q III QIV* Q III Q IV Q I Q II Q III QIV* 1 BANDUNG SMALL 1,19 1,47 1,42 0,25 2,75 0,79 6,55 7,58 4,97 4,40 6,01 5,29 MEDIUM 1,07 0,40 2,86 0,34 2,14 0,52 5,42 5,40 5,67 4,73 5,84 5,97 LARGE 0,25 0,55 1,02 0,40 1,79-0,81 7,42 7,32 5,52 2,24 3,81 2,40 TOTAL 0,84 0,81 1,77 0,33 2,22 0,17 6,48 6,79 5,41 3,80 5,22 4,55 2 BANDAR LAMPUNG SMALL 0,00 0,00 0,01-1,18 0,00 2,48 7,97 1,33 1,34-1,17-1,17 1,28 MEDIUM 0,27 0,07 0,55-0,03 6,94 2,24 0,85 0,34 0,89 0,86 7,57 9,90 LARGE 0,00 0,00 1,06 0,17 2,45 4,03 1,93 1,93 1,06 1,23 3,71 7,89 TOTAL 0,09 0,02 0,54-0,35 3,13 2,91 3,58 1,19 1,09 0,30 3,34 6,33 3 BANJARMASIN SMALL 2,16 0,52 2,64 0,16 0,24-0,07 5,76 6,07 6,51 5,57 3,59 2,98 MEDIUM 2,11 0,76 0,02 0,03 0,11 0,00 9,58 7,51 3,74 2,94 0,92 0,16 LARGE 0,63 1,15-0,08 0,22 0,49 0,00 0,91 2,07 1,99 1,93 1,79 0,63 TOTAL 1,63 0,81 0,86 0,13 0,28-0,02 5,37 5,19 4,07 3,47 2,09 1,25 4 DENPASAR SMALL -0,12 0,34-0,10 0,01-1,06-0,21 0,60 0,94 0,27 0,13-0,81-1,36 MEDIUM -0,10 0,53 0,70 0,02-0,20 1,11 1,24 0,88 1,22 1,15 1,05 1,63 LARGE -0,16 0,33 1,63 0,06-0,50 0,67 0,35 0,55 2,03 1,86 1,52 1,86 TOTAL -0,13 0,40 0,74 0,03-0,59 0,53 0,72 0,78 1,16 1,04 0,58 0,71 5 PALEMBANG SMALL 0,00 0,00 1,10 0,53 0,66 2,39 5,24 3,80 1,52 1,64 2,31 4,75 MEDIUM -0,26 0,00 1,91 0,13-0,42 0,22 3,34 3,74 1,83 1,78 1,61 1,84 LARGE -1,41 0,16 0,43 0,00 0,48 0,00 0,18-0,71-0,83-0,83 1,07 0,91 TOTAL -0,56 0,05 1,15 0,22 0,24 0,87 2,91 2,26 0,84 0,86 1,67 2,50 6 SEMARANG SMALL -0,04 0,16 1,68 1,03 0,84 1,56 0,77 0,52 2,02 2,85 3,76 5,21 MEDIUM 0,13 0,17 0,60 0,23 0,74 0,09 1,57 1,44 1,45 1,13 1,75 1,67 LARGE 0,03 0,22 0,41 0,44 0,00 0,66 1,53 1,54 0,72 1,10 1,07 1,52 TOTAL 0,04 0,18 0,90 0,57 0,53 0,77 1,30 1,16 1,40 1,70 2,20 2,80 7 YOGYAKARTA SMALL 0,28 0,17 0,44 0,13 0,03 0,61 1,01 0,34 0,77 1,02 0,77 1,21 MEDIUM 0,08 0,53 0,33 0,35 0,20 0,44 1,43 1,32 1,15 1,30 1,42 1,33 LARGE 0,54 0,53 0,82 0,37 0,15 0,42 1,70 1,85 2,35 2,28 1,88 1,77 TOTAL 0,30 0,41 0,53 0,28 0,13 0,49 1,39 1,18 1,43 1,53 1,36 1,44 8 PADANG SMALL 0,12 0,31 0,00 1,35 0,03 0,13 2,26 1,48 0,91 1,79 1,69 1,51 MEDIUM 0,31 0,19 0,20-0,02 0,41 0,05 1,52 1,30 1,04 0,68 0,78 0,64 LARGE 0,00 0,15 0,00 0,09 0,09-0,09 0,30 0,15 0,15 0,24 0,33 0,09 TOTAL 0,14 0,22 0,07 0,47 0,18 0,03 1,36 0,97 0,70 0,90 0,94 0,75 9 MEDAN SMALL 0,00 0,00 0,99 0,00 0,00 0,00 7,94 3,56 2,66 0,99 0,99 0,99 MEDIUM 0,00 0,00 0,55 0,00 0,13 0,46 10,85 7,01 2,47 0,55 0,68 1,14 LARGE 0,00 0,00 0,00 0,00 0,71-1,90 1,88 0,07 0,07 0,00 0,71-1,20 TOTAL 0,00 0,00 0,52 0,00 0,28-0,48 6,85 3,53 1,74 0,52 0,80 0,32 10 MAKASSAR SMALL 0,29-0,14 0,44 0,00 2,17 0,05 5,55 2,78 0,17 0,59 2,48 2,67 MEDIUM 0,10 0,62 0,04 0,19 1,97 0,09 1,60 2,01 0,66 0,95 2,84 2,30 LARGE 0,00 0,00 0,16 0,00 0,00 0,00 0,29 0,26 0,16 0,16 0,16 0,16 TOTAL 0,13 0,16 0,21 0,06 1,38 0,05 2,47 1,69 0,33 0,56 1,82 1,70 11 MANADO SMALL 0,00 0,00 0,50 0,00 0,00-0,41 1,81 1,81 2,04 0,50 0,50 0,09 MEDIUM 0,00 0,56 1,95 0,07 0,82 0,73 16,63 15,64 17,90 2,59 3,43 3,61 LARGE 0,00 0,51 1,63 0,41 0,50 1,04 7,91 6,58 8,31 2,57 3,08 3,62 TOTAL 0,00 0,36 1,36 0,16 0,44 0,45 8,77 8,01 9,37 1,89 2,34 2,43 12 SURABAYA SMALL 3,46 2,67 4,31 0,95 2,16 1,32 7,32 9,25 12,07 11,85 10,45 9,00 MEDIUM 1,63 0,40 2,49 1,57 1,14 0,32 7,84 7,12 7,18 6,22 5,71 5,62 LARGE 0,78 1,86 2,34 0,20 0,03 1,69 2,14 3,48 5,20 5,27 4,48 4,31 TOTAL 1,96 1,64 3,04 0,91 1,11 1,11 5,76 6,61 8,13 7,75 6,86 6,30 13 PONTIANAK SMALL -0,84 0,23-0,05 1,08 0,31 0,44-0,36-0,78-0,66 0,41 1,58 1,79 MEDIUM 0,49-0,17 0,70 0,32 0,08 0,80 0,74 0,59 1,11 1,34 0,93 1,91 LARGE 0,00 0,00 0,00 0,00 0,00 0,06 2,95 2,95 0,00 0,00 0,00 0,06 TOTAL -0,12 0,02 0,22 0,47 0,13 0,43 1,11 0,92 0,15 0,59 0,84 1,26 14 BATAM SMALL 0,59 0,00 2,18 0,35-0,09 0,00 5,82 5,21 3,62 3,14 2,45 2,45 MEDIUM 0,54 0,00 1,73 0,08-0,11 0,00 8,15 6,37 3,12 2,36 1,70 1,70 LARGE -0,52 1,03 0,94-0,90 0,04 0,00 1,79 2,71 1,65 0,54 1,10 0,07 TOTAL 0,20 0,34 1,62-0,16-0,05 0,00 5,22 4,76 2,79 2,01 1,75 1,41 15 BALIKPAPAN SMALL 0,03-0,01 0,27 0,00 0,07 0,00 2,66 1,72 1,07 0,29 0,33 0,34 MEDIUM 0,19 0,11 0,11-0,02 0,00 0,00 1,34 0,37 0,32 0,39 0,20 0,09 LARGE 0,13 0,15 0,00 0,00 0,20 0,00 1,05 0,58 0,38 0,28 0,35 0,20 TOTAL 0,12 0,08 0,13-0,01 0,09 0,00 1,68 0,88 0,59 0,32 0,29 0,21 16 JABODEBEK-BANTEN SMALL 0,38 0,42 2,12 4,78 0,24 0,42 2,37 2,23 3,73 7,86 7,71 7,71 MEDIUM 0,25 0,20 1,22 0,72 0,13 0,61 1,07 0,81 1,91 2,41 2,29 2,70 LARGE 0,03 0,03 0,32 0,62 0,05 0,24 0,25 0,11 0,38 1,00 1,02 1,23 TOTAL 0,22 0,22 1,22 2,04 0,14 0,42 1,23 1,04 2,00 3,74 3,66 3,86 COMPISITE OF 16 CITIES SMALL 0,63 0,57 1,84 2,61 0,61 0,61 3,76 3,28 3,86 5,76 5,73 5,78 (Including Jabodebek MEDIUM 0,41 0,23 1,28 0,55 0,59 0,52 3,20 2,65 2,73 2,49 2,67 2,97 and Banten) LARGE 0,05 0,30 0,58 0,38 0,29 0,25 1,32 1,24 1,31 1,32 1,56 1,51 TOTAL 0,36 0,37 1,23 1,18 0,50 0,46 2,75 2,38 2,62 3,17 3,32 3,41 COMPISITE OF 15 CITIES SMALL 0,43 0,36 0,77 0,19 0,49 0,40 2,53 2,14 1,95 1,76 1,82 1,86 (excluding Jabodebek MEDIUM 0,29 0,13 0,66 0,19 0,52 0,21 2,64 2,25 1,77 1,28 1,51 1,59 and Banten) LARGE 0,03 0,29 0,42 0,06 0,26 0,13 1,18 1,17 1,11 0,80 1,03 0,87 TOTAL 0,25 0,26 0,62 0,15 0,43 0,25 2,13 1,85 1,62 1,29 1,47 1,46 DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 9

Table 3. Mortgage Liquidity Facility (FLPP) Realization in 2017 January until September 2017 PROVINCE UNITS FLPP (RP) ACEH 17 1.657.800.000 BALI 28 3.171.172.500 BANTEN 809 84.785.886.000 BENGKULU 65 6.571.687.500 DAERAH ISTIMEWA YOGYAKARTA 1 99.450.000 DKI JAKARTA 43 8.895.132.000 GORONTALO 9 895.500.000 JAMBI 564 55.349.992.422 JAWA BARAT 1.215 132.022.739.790 JAWA TENGAH 182 18.204.309.000 JAWA TIMUR 324 31.399.848.000 KALIMANTAN BARAT 747 79.291.170.000 KALIMANTAN SELATAN 184 20.006.620.200 KALIMANTAN TENGAH 284 31.099.585.500 KALIMANTAN TIMUR 29 3.195.900.000 KEPULAUAN BANGKA BELITUNG 231 24.575.400.000 KEPULAUAN RIAU 153 15.344.820.000 LAMPUNG 146 14.635.801.440 MALUKU UTARA - - NUSA TENGGARA BARAT 23 2.679.201.000 NUSA TENGGARA TIMUR 99 11.607.057.000 PAPUA 452 70.436.318.321 PAPUA BARAT 1.396 226.028.411.414 RIAU 465 46.382.067.000 SULAWESI BARAT 3 330.750.000 SULAWESI SELATAN 255 27.463.972.500 SULAWESI TENGAH 84 8.686.800.000 SULAWESI TENGGARA 392 41.551.443.000 SULAWESI UTARA 249 26.849.047.500 SUMATERA BARAT 149 14.199.255.000 SUMATERA SELATAN 436 43.451.275.500 SUMATERA UTARA 1.298 126.223.132.500 GRAND TOTAL 10.332 1.177.091.545.087 Source : Ministry of Public Housing DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 10