Tuesday, 17 October 2017 | 11:03 WIB

Here is How to Find Affordable Houses around Jakarta with 1 Percent Down Payment

The 2017 Indonesia Property Expo (IPEX)

JAKARTA, NETRALNEWS.COM - Newly married young couples or those looking for property investments with installments can visit the 2017 Indonesian Property Expo (IPEX) housing exhibition at the Jakarta Convention Center (JCC) from August 11-20, 2017.

The exhibition will showcase at least 201 property developers’ booths, including 84 booths for low-income consumers.

Property developers at the IPEX will offer a variety of housing products, starting from the lowest price of IDR 110 million to IDR140 million with 1 percent down payment and interest subsidies.

"Just come to the booth and book a property product for about IDR1 million. After booking, we make a reservation and the details of the price, after that enter the advance payment, and the down payment is paid in installments," said Dandy from one of the booth stands on site in Jakarta on Saturday (8/12/2017).

Moreover, many of the developers promoted their products by saying that their projects will be located close to mass transportation in Jakarta.

"After finishing down payment installments, new buyers come to pay the installments with nominal around IDR800,000 to IDR1.2 million, depending on the tenor," said Dandy.

Most of the affordable houses showcased in this exhibition are located in Tangerang, Serang, Bekasi, Cikarang, and Karawang, among others. On average, the locations of these affordable houses are also close to public facilities, ranging from electric train (KRL Jabodetabek), or toll roads.

For low-income visitors looking for affordable housing, IPEX also showcases houses with prices ranging from IDR110 million-IDR140 million with 1 percent DP and interest subsidies.

Regarding the average land area of approximately 60 square meters, while usually this house subsidize one has one bedroom, there is equipped with two bedrooms, one bathroom, living room, kitchen, and front yard.