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2 clusters · 3 sources · 3 days · First seen · Last updated

Affordable housing initiatives in Riau and Dumai

Overview

The Dumai City Government has entered into a partnership with PT Bank Riau Kepri (BRK) Syariah and various property developers to expand affordable housing access for government employees, specifically targeting Civil Servants (ASN) and Government Employees with Work Agreements (PPPK).

Mayor Paisal noted that the program utilizes long-term financing with tenures of up to 40 years to maintain low monthly installments. The city also intends to develop a new residential area in Bagan Besar to align with the relocation of government offices.

In a broader regional context, BRK Syariah has distributed approximately 11,000 subsidized housing units across Riau and the Riau Islands. As a bank trusted by the government through BP Tapera, the institution is working to facilitate faster mortgage processes and supports national housing targets through the Housing Financing Liquidity Facility (FLPP) for both formal and informal sectors.

Entities

Indonesia · Dumai · Amani Bank · BP Tapera · PT Bank Riau Kepri Syariah

Timeline

  1. about 6 hours ago

    [BUSINESS] 2 sources
    BRK Syariah distributes 11,000 subsidized homes in Riau and Riau Islands

    BRK Syariah has distributed 11,000 subsidized housing units in Riau and the Riau Islands to support low-income residents and civil servants.

  2. 3 days ago

    [BUSINESS] 2 sources
    Dumai City Government partners with BRK Syariah for affordable housing

    Dumai City Government and BRK Syariah have partnered to provide affordable housing for civil servants through 40-year financing schemes and new residential developments in Bagan Besar.

Sources

antaranews.com · beritariau.com · riaukepri.com