RESIDENTIAL PROPERTY PRICE SURVEY FOR PRIMARY HOUSE

RESIDENTIAL PROPERTY PRICE SURVEY FOR PRIMARY HOUSE Quarter IV - 2017 Residential Property Prices Accelerated in the Fourth Quarter of 2017 Respondents of the Bank Indonesia Residential Property Price Survey confirmed stronger quarterly growth of residential property prices in the fourth quarter of 2017, reflecting a 0.55% (qtq) gain in the Residential Property Price Index (RPPI), up slightly from 0.50% (qtq) in the prior period. Annually, the RPPI accelerated from 3.32% (yoy) to 3.50% (yoy). Once again, developers cited more expensive construction materials and higher wages as the main drivers of rising residential property prices. Developers reported that all property types enjoyed rising prices, especially medium houses (0,79%, qtq). Regionally, respondents in Bandar Lampung reported the strongest residential property price gains (1.80%, qtq). The Survey revealed that residential property sales accelerated from 2.58% (qtq) in the third quarter to 3.05% (yoy) in the fourth quarter of 2017. Congruent with rising residential property sales, the banking industry increased lending to the property sector in the fourth quarter of 2017. Consumers were inclined to borrow when purchasing property, with the lates survey indicating that most (75.93%) favoured housing loans, while the majority of developers (56.18%) confirmed depending on internal funds to finance residential property development. Survey respondents confirmed stronger quarterly and annual growth of residential property prices in the fourth quarter of 2017. Residential Property Prices The respondents of the Bank Indonesia Residential Property Price Survey confirmed stronger quarterly and annual growth of residential property prices in the fourth quarter of 2017, reflecting a 0.55% (qtq) gain in the Residential Property Price Index (RPPI) to a level of 201.36, accelerating from 0.50% (qtq) in the prior period. Furthermore, the respondents also reported an annual increase from 3.32% (yoy) to 3.50% (yoy). This period, developers again cited more expensive construction materials (34.67%) and higher wages (21.33%) as the main drivers of rising residential property prices. 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 conceded that all property types experienced rising prices, especially medium houses. On a quarterly basis, developers conceded that all property types enjoyed rising prices, especially medium houses, which increased by 0.79% (qtq). In contrast, small houses experienced slower rising prices, decelerating from 0.61% (qtq) the month earlier to 0.43% (qtq). By region, respondents in Bandar Lampung reported the strongest residential property price gains (1.80%, qtq), primarily affecting small houses (3.92%, qtq). Graph 1. Residential Property Price Index (RPPI) RPPI - LHS % Change (qtq) % Change (yoy) (Index) (%) 210,00 200,00 190,00 194,54 200,26 201,36 202,81 16,00 14,00 180,00 170,00 160,00 150,00 140,00 130,00 120,00 110,00 100,00 90,00 3,50 2,98 2,38 3,32 0,37 0,50 0,55 0,72 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* 2012 2013 2014 2015 2016 2017 2018 12,00 10,00 8,00 6,00 4,00 2,00 0,00 Graph 2. Residential Property Price Index (RPPI) of Small Houses RPPI - LHS % Change (qtq) % Change (yoy) (Index) (%) 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 90,00 219,80 4,42 3,28 0,57 0,61 232,08 231,09 234,91 5,73 5,59 4,94 0,43 1,22 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* 2012 2013 2014 2015 2016 2017 2018 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) (%) 200,00 190,00 192,68 197,38 198,94199,77 25,00 22,00 180,00 170,00 160,00 150,00 140,00 130,00 120,00 110,00 100,00 90,00 3,74 2,65 2,67 3,25 2,37 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* 2012 2013 2014 2015 2016 2017 2018 Graph 4. Residential Property Price Index (RPPI) of Large Houses 0,23 0,59 0,79 0,42 19,00 16,00 13,00 10,00 7,00 4,00 1,00-2,00-5,00 (Index) RPPI - LHS % Change (qtq) % Change (yoy) (%) 180,00 170,00 169,82 171,95 172,70 173,60 12,00 160,00 9,00 150,00 140,00 6,00 130,00 120,00 1,24 1,56 1,70 1,64 3,00 110,00 100,00 90,00 0,30 0,29 0,44 0,52 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* 2012 2013 2014 2015 2016 2017 2018 0,00-3,00 Annually, rising residential property prices accelerated on the previous period. Annually, rising residential property prices accelerated on the previous period from 3.32% (yoy) to 3.50% (yoy), with higher prices affected all property brackets, particularly medium houses (3.25%, yoy). Regionally, property developers in Surabaya (6.16%, yoy) reported the largest gains, primarily affecting small houses (8.57%, yoy). 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 the CPI ticked upwards in the fourth quarter of 2017. The Residential Property Price Index (RPPI) and housing expenses component of the CPI ticked upwards in the fourth quarter of 2017. RPPI increasing growth was in line with the housing expenses component of the CPI which increased by 0.33% (qtq), slower than the previous period. 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 0,70 0,72 0,50 0,55 0,00-1,00 0,37 0,35 0,33 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 IV I* 2010 2011 2012 2013 2014 2015 2016 2017 2018 Developers reported stronger residential property sales in the fourth quarter of 2017. Residential Property Sales Developers reported stronger residential property sales in the fourth quarter of 2017. The Survey showed that residential property sales accelerated from 2.58% (qtq) in the third quarter to 3.05% (qtq) in the fourth quarter of 2017. Graph 6. Property Sales Growth (%, qtq) % 50,00 40,00 Average growth of sales for all buliding types Average growth of sales for the last 3 years 30,00 20,00 10,00 0,00-10,00 9,22 5,06 4,16 3,61 2,58 3,05 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 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 the First Quarter of 2018 Respondents predicted that the rising trend of residential property price would persist into the first quarter of 2018. Respondents predicted that the rising trend of residential property prices would persist into the first quarter of 2018, with the Residential Property Price Index (RPPI) accelerating from 0.55% (qtq) in December 2017 to 0.72% (qtq) in January 2018. Developers expected the gains to affect all property types, especially small houses (1.22%, qtq) as well as residential property in Bandar Lampung (4.76%, qtq). Annually, however, property developers predicted rising prices to moderate compared to conditions in the previous period. In the first quarter of 2018, survey respondents expected residential property prices to increase by 2.98% (yoy), down from 3.50% (yoy) in the fourth quarter of 2017, with the slower gains affecting all property types. Regionally, respondents predicted residential property prices in Bandar Lampung to post the strongest increase at 9.60% (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 YOGYA JAKARTA SULSEL SUMUT ACEH MALUKU UTARA NTB JATENG NTT MALUKU BANTEN BALI JABAR KALSEL SULTENGGARA KALBAR SUMSEL JATIM KEP RIAU SULBAR PROVINSI RIAU KALTENG SULTENGAH KALTIM JAMBI BANGKA BELITUNG PAPUA SUMATERA BARAT SULAWESI UTARA BENGKULU IRIAN JAYA BARAT LAMPUNG GORONTALO 0,00 2,00 4,00 6,00 8,00 10,00 12,00 14,00 16,00 Source : Monthly Report of Commercial Banks Most respondents blamed high lending rates of housing loans (20.11%), large downpayments (18.72%), taxes (15.73%), protracted licensing procedures (13.92%) and rising prices of construction materials (12.39%) as 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 Yogyakarta (10.18%) (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 continued to rely on internal funds to finance residential property development, while most customers favoured housing loans when purchasing property. Residential Property Financing Developers continued to rely on internal funds to finance residential property development, while most customers favoured housing loans when purchasing property. In terms of financing, the majority of developers (56.18%) confirmed depending on internal funds to finance residential property development, consisting of retained earnings (23.04%), paid-up capital (27.22%), other financing (3.89%) and joint venture financing (2.03%). Graph 9. Structure of Residential Property Financing (Developer) Others 2,84% Bank Loans 26,97% Customers 12,28% Non-Bank Loans 1,72% Internal Fund 56.18% Retained earning 23,04% Others 3,89% Paid up capital 27,22% Joint Venture/ Consortium 2,03% On the other hand, consumers were inclined to borrow when purchasing property, with the latest survey indicating that most (75.93%) favoured housing loans, down from 76.42% in the previous survey. Meanwhile, the portion of consumers preferring cash instalments fell from 17.13% to 16.77% (Graph 10). The latest data pointed to lending rates offered by the banking industry on housing loans ranging from 9.64%-12.52% (Graph 11). Graph 10. Graph 11. Structure of Consumer Financing Weighted Mortgage Rates (by Group of Bank) Cash Instalment 16,77% Cash 7,30% 14,00 House Ownership Loan 75,93% 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 Congruent with rising residential property sales, the banking industry increased lending to the property sector in the fourth quarter of 2017. Total outstanding disbursed housing loans stood at Rp408 trillion, with growth accelerating from 2.54% (qtq) to 4.17% (qtq). In comparison, the national banking industry reported total credit growth at 4.13% (qtq), up from 1.34% (qtq). According to the latest survey, of the Rp3.10 trillion allocated for 2017, Housing Financing Liquidity Facility (FLPP) disbursements totalled Rp2.7 trillion for the year. 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) 29.723 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 IV 200 100-10.000 5.000-2.579 2.703 3.016 1.921 1.53 285 487 373 317 268 474 435 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 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) RPPI No. CITY TYPE 2016 2017 2018 Q I Q II Q III Q IV Q I QII QIII QIV QI* 1 BANDUNG SMALL 227,84 229,66 232,39 235,81 239,16 239,75 246,35 248,19 250,70 MEDIUM 274,33 277,73 280,70 281,82 289,88 290,87 297,09 300,51 301,71 LARGE 217,27 225,14 225,70 226,94 229,26 230,17 234,29 239,40 239,98 TOTAL 239,54 244,07 246,12 248,11 252,51 253,34 258,96 262,48 263,93 2 BANDAR LAMPUNG SMALL 212,16 214,98 214,98 214,98 215,00 212,46 212,46 220,79 228,70 MEDIUM 180,83 180,83 181,32 181,44 182,44 182,39 195,04 197,62 206,63 LARGE 185,47 185,47 185,47 185,47 187,44 187,76 192,36 192,70 204,56 TOTAL 193,33 194,18 194,35 194,39 195,44 194,76 200,85 204,47 214,20 3 BANJARMASIN SMALL 261,97 264,72 270,44 271,85 279,02 279,47 280,14 281,63 282,02 MEDIUM 211,71 213,42 217,93 219,58 219,63 219,69 219,93 219,93 219,93 LARGE 162,38 162,83 163,86 165,74 165,61 165,98 166,79 166,79 166,79 TOTAL 208,85 210,33 213,76 215,49 217,35 217,63 218,24 218,63 218,74 4 DENPASAR SMALL 193,46 193,75 193,52 194,18 193,98 194,00 191,94 191,52 192,42 MEDIUM 202,60 202,78 202,57 203,65 205,07 205,11 204,70 204,44 206,61 LARGE 157,07 157,42 157,17 157,69 160,26 160,35 159,55 159,39 160,56 TOTAL 184,49 184,76 184,52 185,26 186,63 186,69 185,59 185,31 186,70 5 PALEMBANG SMALL 276,90 278,07 278,07 278,07 281,13 282,62 284,48 284,48 299,22 MEDIUM 249,28 249,73 249,08 249,08 253,84 254,17 253,10 256,77 257,31 LARGE 218,56 218,56 215,47 215,82 216,75 216,75 217,79 218,16 219,23 TOTAL 248,22 248,72 247,32 247,45 250,29 250,84 251,44 252,80 257,76 6 SEMARANG SMALL 236,79 237,28 237,19 237,57 241,56 244,05 246,10 248,02 251,84 MEDIUM 188,61 189,63 189,88 190,20 191,34 191,78 193,20 193,60 194,13 LARGE 158,92 159,01 159,06 159,41 160,07 160,77 160,77 160,90 161,91 TOTAL 192,72 193,24 193,32 193,67 195,41 196,52 197,57 198,26 199,86 7 YOGYAKARTA SMALL 235,04 234,75 235,41 235,81 236,85 237,16 237,23 237,73 239,13 MEDIUM 179,49 179,87 180,01 180,97 181,56 182,20 182,56 182,97 183,73 LARGE 183,14 183,94 184,93 185,91 187,44 188,13 188,42 189,19 190,11 TOTAL 198,09 198,45 199,04 199,86 200,92 201,48 201,74 202,31 203,32 8 PADANG SMALL 235,73 236,87 237,15 237,89 237,89 241,10 241,17 241,12 241,72 MEDIUM 174,53 175,12 175,66 176,00 176,35 176,31 177,04 178,75 178,84 LARGE 153,87 153,87 153,87 154,10 154,10 154,24 154,38 155,35 155,22 TOTAL 186,39 186,89 187,15 187,56 187,69 188,58 188,92 189,92 190,05 9 MEDAN SMALL 260,84 265,14 265,14 265,14 267,77 267,77 267,77 267,77 267,77 MEDIUM 237,30 241,83 241,83 241,83 243,16 243,16 243,48 245,33 245,97 LARGE 191,67 191,81 191,81 191,81 191,81 191,81 193,17 194,87 196,97 TOTAL 229,32 232,09 232,09 232,09 233,30 233,30 233,95 235,24 236,30 10 MAKASSAR SMALL 424,82 423,04 424,26 423,67 425,53 425,53 434,77 439,51 447,28 MEDIUM 318,06 317,74 318,06 320,03 320,16 320,77 327,08 329,83 331,12 LARGE 215,05 215,05 215,05 215,05 215,39 215,39 215,39 219,55 219,55 TOTAL 309,01 308,49 308,89 309,38 310,03 310,22 314,50 318,53 320,82 11 MANADO SMALL 306,39 311,07 311,07 311,07 312,63 312,63 312,63 312,63 316,41 MEDIUM 328,65 377,95 377,95 380,06 387,47 387,74 390,92 391,71 393,82 LARGE 211,28 224,02 224,02 225,16 228,83 229,77 230,92 231,52 233,35 TOTAL 281,71 302,89 302,89 303,98 308,12 308,61 309,97 310,43 313,07 12 SURABAYA SMALL 289,54 292,87 303,00 311,09 324,50 327,58 334,65 337,73 340,27 MEDIUM 299,03 306,48 311,47 312,72 320,50 325,54 329,25 332,21 332,64 LARGE 276,13 276,52 278,68 283,86 290,50 291,08 291,17 294,43 296,70 TOTAL 289,31 292,95 298,70 303,60 312,82 315,67 319,18 322,30 324,08 13 PONTIANAK SMALL 152,83 152,83 151,54 151,89 151,81 153,45 153,93 155,28 156,46 MEDIUM 219,16 219,36 220,43 220,06 221,60 222,31 222,49 224,27 226,20 LARGE 139,24 139,24 139,24 139,24 139,24 139,24 139,24 139,24 139,33 TOTAL 167,94 167,99 167,79 167,83 168,20 168,99 169,21 170,15 171,11 14 BATAM SMALL 133,33 134,41 135,21 135,21 138,15 138,64 138,51 138,76 138,76 MEDIUM 135,02 136,13 136,86 136,86 139,23 139,34 139,19 139,17 139,45 LARGE 130,36 130,62 129,94 131,28 132,51 131,32 131,37 131,37 131,37 TOTAL 133,08 133,89 134,16 134,61 136,79 136,57 136,51 136,59 136,68 15 BALIKPAPAN SMALL 116,31 117,22 117,25 117,24 117,56 117,56 117,64 117,79 117,88 MEDIUM 119,47 119,36 119,59 119,72 119,85 119,83 119,83 119,77 119,82 LARGE 118,82 118,94 119,10 119,28 119,28 119,28 119,51 119,51 119,54 TOTAL 118,24 118,54 118,69 118,78 118,94 118,92 119,03 119,07 119,11 16 JABODEBEK-BANTEN SMALL 255,93 257,90 258,88 259,96 265,48 278,16 278,83 279,45 282,88 MEDIUM 199,89 200,35 200,85 201,25 203,71 205,17 205,44 207,19 207,87 LARGE 170,31 170,31 170,37 170,42 170,96 172,02 172,11 172,26 172,75 TOTAL 206,07 206,75 207,21 207,66 210,20 214,48 214,78 215,62 216,94 COMPOSITE OF 16 CITIES SMALL 215,53 217,18 218,55 219,80 223,84 229,69 231,09 232,08 234,91 (including Jabodebek MEDIUM 189,95 191,45 192,24 192,68 195,15 196,22 197,38 198,94 199,77 and Banten) LARGE 168,60 169,22 169,31 169,82 170,80 171,45 171,95 172,70 173,60 TOTAL 191,90 193,13 193,83 194,54 196,94 199,26 200,26 201,36 202,81 COMPOSITE OF 15 CITIES SMALL 150,32 150,89 151,54 152,09 153,26 153,55 154,30 154,79 155,72 (excluding Jabodebek MEDIUM 175,20 176,39 176,90 177,13 178,30 178,64 179,57 180,21 180,66 and Banten) LARGE 143,38 143,92 143,96 144,38 144,98 145,07 145,45 146,03 146,57 TOTAL 155,34 156,09 156,48 156,89 157,86 158,10 158,78 159,35 160,00 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 2018 2016 2017 2018 Q III Q IV Q I Q II Q III QIV QI* Q III Q IV Q I Q II QIII QIV QI* 1 BANDUNG SMALL 1,19 1,47 1,42 0,25 2,75 0,75 1,01 6,55 7,58 4,97 4,40 6,01 5,25 4,83 MEDIUM 1,07 0,40 2,86 0,34 2,14 1,15 0,4 5,42 5,40 5,67 4,73 5,84 6,63 4,08 LARGE 0,25 0,55 1,02 0,40 1,79 2,18 0,24 7,42 7,32 5,52 2,24 3,81 5,49 4,68 TOTAL 0,84 0,81 1,77 0,33 2,22 1,36 0,55 6,48 6,79 5,41 3,80 5,22 5,79 4,52 2 BANDAR LAMPUNG SMALL 0,00 0,00 0,01-1,18 0,00 3,92 3,58 7,97 1,33 1,34-1,17-1,17 2,70 6,37 MEDIUM 0,27 0,07 0,55-0,03 6,94 1,32 4,56 0,85 0,34 0,89 0,86 7,57 8,91 13,26 LARGE 0,00 0,00 1,06 0,17 2,45 0,18 6,15 1,93 1,93 1,06 1,23 3,71 3,90 9,13 TOTAL 0,09 0,02 0,54-0,35 3,13 1,80 4,76 3,58 1,19 1,09 0,30 3,34 5,18 9,60 3 BANJARMASIN SMALL 2,16 0,52 2,64 0,16 0,24 0,53 0,14 5,76 6,07 6,51 5,57 3,59 3,60 1,07 MEDIUM 2,11 0,76 0,02 0,03 0,11 0,00 0,00 9,58 7,51 3,74 2,94 0,92 0,16 0,14 LARGE 0,63 1,15-0,08 0,22 0,49 0,00 0,00 0,91 2,07 1,99 1,93 1,79 0,63 0,71 TOTAL 1,63 0,81 0,86 0,13 0,28 0,18 0,05 5,37 5,19 4,07 3,47 2,09 1,46 0,64 4 DENPASAR SMALL -0,12 0,34-0,10 0,01-1,06-0,22 0,47 0,60 0,94 0,27 0,13-0,81-1,37-0,80 MEDIUM -0,10 0,53 0,70 0,02-0,20-0,13 1,06 1,24 0,88 1,22 1,15 1,05 0,39 0,75 LARGE -0,16 0,33 1,63 0,06-0,50-0,10 0,73 0,35 0,55 2,03 1,86 1,52 1,08 0,19 TOTAL -0,13 0,40 0,74 0,03-0,59-0,15 0,75 0,72 0,78 1,16 1,04 0,58 0,03 0,04 5 PALEMBANG SMALL 0,00 0,00 1,10 0,53 0,66 0,00 5,18 5,24 3,80 1,52 1,64 2,31 2,31 6,44 MEDIUM -0,26 0,00 1,91 0,13-0,42 1,45 0,21 3,34 3,74 1,83 1,78 1,61 3,09 1,37 LARGE -1,41 0,16 0,43 0,00 0,48 0,17 0,49 0,18-0,71-0,83-0,83 1,07 1,08 1,14 TOTAL -0,56 0,05 1,15 0,22 0,24 0,54 1,96 2,91 2,26 0,84 0,86 1,67 2,16 2,98 6 SEMARANG SMALL -0,04 0,16 1,68 1,03 0,84 0,78 1,54 0,77 0,52 2,02 2,85 3,76 4,40 4,25 MEDIUM 0,13 0,17 0,60 0,23 0,74 0,21 0,27 1,57 1,44 1,45 1,13 1,75 1,79 1,46 LARGE 0,03 0,22 0,41 0,44 0,00 0,08 0,63 1,53 1,54 0,72 1,10 1,07 0,93 1,15 TOTAL 0,04 0,18 0,90 0,57 0,53 0,35 0,81 1,30 1,16 1,40 1,70 2,20 2,37 2,28 7 YOGYAKARTA SMALL 0,28 0,17 0,44 0,13 0,03 0,21 0,59 1,01 0,34 0,77 1,02 0,77 0,81 0,96 MEDIUM 0,08 0,53 0,33 0,35 0,20 0,22 0,42 1,43 1,32 1,15 1,30 1,42 1,10 1,20 LARGE 0,54 0,53 0,82 0,37 0,15 0,41 0,49 1,70 1,85 2,35 2,28 1,88 1,76 1,43 TOTAL 0,30 0,41 0,53 0,28 0,13 0,28 0,50 1,39 1,18 1,43 1,53 1,36 1,23 1,19 8 PADANG SMALL 0,12 0,31 0,00 1,35 0,03-0,02 0,25 2,26 1,48 0,91 1,79 1,69 1,36 1,61 MEDIUM 0,31 0,19 0,20-0,02 0,41 0,97 0,05 1,52 1,30 1,04 0,68 0,78 1,57 1,41 LARGE 0,00 0,15 0,00 0,09 0,09 0,63-0,09 0,30 0,15 0,15 0,24 0,33 0,81 0,72 TOTAL 0,14 0,22 0,07 0,47 0,18 0,53 0,07 1,36 0,97 0,70 0,90 0,94 1,26 1,26 9 MEDAN SMALL 0,00 0,00 0,99 0,00 0,00 0,00 0,00 7,94 3,56 2,66 0,99 0,99 0,99 0,00 MEDIUM 0,00 0,00 0,55 0,00 0,13 0,76 0,26 10,85 7,01 2,47 0,55 0,68 1,45 1,15 LARGE 0,00 0,00 0,00 0,00 0,71 0,88 1,08 1,88 0,07 0,07 0,00 0,71 1,60 2,69 TOTAL 0,00 0,00 0,52 0,00 0,28 0,55 0,45 6,85 3,53 1,74 0,52 0,80 1,36 1,29 10 MAKASSAR SMALL 0,29-0,14 0,44 0,00 2,17 1,09 1,77 5,55 2,78 0,17 0,59 2,48 3,74 5,11 MEDIUM 0,10 0,62 0,04 0,19 1,97 0,84 0,39 1,60 2,01 0,66 0,95 2,84 3,06 3,42 LARGE 0,00 0,00 0,16 0,00 0,00 1,93 0,00 0,29 0,26 0,16 0,16 0,16 2,09 1,93 TOTAL 0,13 0,16 0,21 0,06 1,38 1,28 0,72 2,47 1,69 0,33 0,56 1,82 2,96 3,48 11 MANADO SMALL 0,00 0,00 0,50 0,00 0,00 0,00 1,21 1,81 1,81 2,04 0,50 0,50 0,50 1,21 MEDIUM 0,00 0,56 1,95 0,07 0,82 0,20 0,54 16,63 15,64 17,90 2,59 3,43 3,06 1,64 LARGE 0,00 0,51 1,63 0,41 0,50 0,26 0,79 7,91 6,58 8,31 2,57 3,08 2,82 1,97 TOTAL 0,00 0,36 1,36 0,16 0,44 0,15 0,85 8,77 8,01 9,37 1,89 2,34 2,12 1,61 12 SURABAYA SMALL 3,46 2,67 4,31 0,95 2,16 0,92 0,75 7,32 9,25 12,07 11,85 10,45 8,57 4,86 MEDIUM 1,63 0,40 2,49 1,57 1,14 0,90 0,13 7,84 7,12 7,18 6,22 5,71 6,23 3,79 LARGE 0,78 1,86 2,34 0,20 0,03 1,12 0,77 2,14 3,48 5,20 5,27 4,48 3,72 2,13 TOTAL 1,96 1,64 3,04 0,91 1,11 0,98 0,55 5,76 6,61 8,13 7,75 6,86 6,16 3,60 13 PONTIANAK SMALL -0,84 0,23-0,05 1,08 0,31 0,88 0,76-0,36-0,78-0,66 0,41 1,58 2,23 3,06 MEDIUM 0,49-0,17 0,70 0,32 0,08 0,80 0,86 0,74 0,59 1,11 1,34 0,93 1,91 2,07 LARGE 0,00 0,00 0,00 0,00 0,00 0,00 0,06 2,95 2,95 0,00 0,00 0,00 0,00 0,06 TOTAL -0,12 0,02 0,22 0,47 0,13 0,56 0,56 1,11 0,92 0,15 0,59 0,84 1,39 1,73 14 BATAM SMALL 0,59 0,00 2,18 0,35-0,09 0,18 0,00 5,82 5,21 3,62 3,14 2,45 2,63 0,44 MEDIUM 0,54 0,00 1,73 0,08-0,11-0,01 0,20 8,15 6,37 3,12 2,36 1,70 1,69 0,16 LARGE -0,52 1,03 0,94-0,90 0,04 0,00 0,00 1,79 2,71 1,65 0,54 1,10 0,07-0,86 TOTAL 0,20 0,34 1,62-0,16-0,05 0,06 0,07 5,22 4,76 2,79 2,01 1,75 1,47-0,08 15 BALIKPAPAN SMALL 0,03-0,01 0,27 0,00 0,07 0,13 0,07 2,66 1,72 1,07 0,29 0,33 0,47 0,27 MEDIUM 0,19 0,11 0,11-0,02 0,00-0,05 0,04 1,34 0,37 0,32 0,39 0,20 0,04-0,03 LARGE 0,13 0,15 0,00 0,00 0,20 0,00 0,02 1,05 0,58 0,38 0,28 0,35 0,20 0,22 TOTAL 0,12 0,08 0,13-0,01 0,09 0,03 0,04 1,68 0,88 0,59 0,32 0,29 0,24 0,15 16 JABODEBEK-BANTEN SMALL 0,38 0,42 2,12 4,78 0,24 0,22 1,23 2,37 2,23 3,73 7,86 7,71 7,49 6,56 MEDIUM 0,25 0,20 1,22 0,72 0,13 0,85 0,33 1,07 0,81 1,91 2,41 2,29 2,95 2,04 LARGE 0,03 0,03 0,32 0,62 0,05 0,09 0,28 0,25 0,11 0,38 1,00 1,02 1,08 1,04 TOTAL 0,22 0,22 1,22 2,04 0,14 0,39 0,61 1,23 1,04 2,00 3,74 3,66 3,83 3,21 COMPOSITE OF 16 CITIES SMALL 0,63 0,57 1,84 2,61 0,61 0,43 1,22 3,76 3,28 3,86 5,76 5,73 5,59 4,94 (including Jabodebek MEDIUM 0,41 0,23 1,28 0,55 0,59 0,79 0,42 3,20 2,65 2,73 2,49 2,67 3,25 2,37 and Banten) LARGE 0,05 0,30 0,58 0,38 0,29 0,44 0,52 1,32 1,24 1,31 1,32 1,56 1,70 1,64 TOTAL 0,36 0,37 1,23 1,18 0,50 0,55 0,72 2,75 2,38 2,62 3,17 3,32 3,50 2,98 COMPOSITE OF 15 CITIES SMALL 0,43 0,36 0,77 0,19 0,49 0,32 0,60 2,53 2,14 1,95 1,76 1,82 1,78 1,61 (excluding Jabodebek MEDIUM 0,29 0,13 0,66 0,19 0,52 0,36 0,25 2,64 2,25 1,77 1,28 1,51 1,74 1,33 and Banten) LARGE 0,03 0,29 0,42 0,06 0,26 0,40 0,37 1,18 1,17 1,11 0,80 1,03 1,14 1,09 TOTAL 0,25 0,26 0,62 0,15 0,43 0,36 0,41 2,13 1,85 1,62 1,29 1,47 1,57 1,36 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 December 2017) PROVINCE UNITS FLPP (RP) ACEH 23 2.243.700.000 BALI 63 7.198.717.500 BANTEN 1.595 169.965.112.500 BENGKULU 121 12.370.504.500 DAERAH ISTIMEWA YOGYAKARTA 13 1.318.545.000 DKI JAKARTA 62 12.823.704.000 GORONTALO 18 1.828.170.000 JAMBI 1.210 121.249.908.786 JAWA BARAT 3.381 373.453.702.398 JAWA TENGAH 364 36.661.504.500 JAWA TIMUR 646 63.779.499.000 KALIMANTAN BARAT 1.620 175.847.490.000 KALIMANTAN SELATAN 680 74.478.594.420 KALIMANTAN TENGAH 633 70.057.165.500 KALIMANTAN TIMUR 197 22.997.925.000 KEPULAUAN BANGKA BELITUNG 596 64.546.335.000 KEPULAUAN RIAU 302 30.743.973.900 LAMPUNG 286 28.904.288.940 MALUKU UTARA - - NUSA TENGGARA BARAT 100 11.667.447.450 NUSA TENGGARA TIMUR 368 43.468.434.000 PAPUA 933 148.260.091.432 PAPUA BARAT 2.456 400.251.133.450 RIAU 1.367 139.304.659.500 SULAWESI BARAT 101 10.909.755.000 SULAWESI SELATAN 874 95.056.762.500 SULAWESI TENGAH 240 25.224.142.500 SULAWESI TENGGARA 882 94.359.258.000 SULAWESI UTARA 825 89.493.862.500 SUMATERA BARAT 241 23.003.451.000 SUMATERA SELATAN 932 93.960.450.000 SUMATERA UTARA 2.630 260.791.371.000 KALIMANTAN UTARA 10 1.166.850.000 GRAND TOTAL 23.769 2.707.386.509.276 Source : Ministry of Public Housing DSta- Divisi Statistik Sektor Riil. E-mail: Dsta-DSSR@bi.go.id. Telp: 021-2981 8185 10