JAKARTA - PT Bank Tabungan Negara (Persero) Tbk. optimistic that it will record sales of more than 1,500 auction house units by the end of 2021 to investors, considering that the property sector is still an attractive investment instrument.
To achieve this target, the company held a mass auction event titled BTN Auction Properti Expo 2021 involving 25 company branch offices to market nearly 250 residential units using an auction scheme at attractive prices to investors.
Bank BTN President Director Haru Koesmahargyo said that the property sector is projected to revive next year in line with positive movements in the national economy. Haru is optimistic that if the auction house units are completely absorbed by the end of this year, the company will raise funds for selling houses by auction in the 2021 period from more than 1,500 housing units, totaling around Rp1.73 trillion.
"The enthusiasm of investors this year also shows that the property sector is still an attractive option for investment. So, we believe that the housing or residential units auctioned during 2021 will be completely absorbed," Haru explained on the sidelines of the 2021 BTN Property Auction Expo in Jakarta, Tuesday (7/12).
Meanwhile, this mass auction is part of an activity to celebrate the 45th Anniversary of Home Ownership Credit (KPR). In total, throughout December 2021, Bank BTN will offer more than 350 residential units worth a total of IDR 440.15 billion to investors. To make it easier for investors, the issuer codenamed BBTN also offers KPR BTN Auction products for both landed houses and apartments with interest starting at 6.75% fixed rate for 2 years.
Meanwhile, throughout 2021 until November, Bank BTN has marketed around 1,200 auction housing units spread throughout Indonesia. The company has succeeded in obtaining funds worth Rp. 1.29 trillion from the total sales. (LM)