@inproceedings{9a0f8198e977439c959c1e56de079a6a,
title = "Loan to value (LTV) ratio policy and its impact to property development",
abstract = "One of the changes in Bank Indonesia (BI) policy Number 20/8/PBI/2018 (PBI, 2018) regulates the Loan to Value (LTV) ratio for a residential property loan. This research examines changes in housing developer behavior in providing the housing products before and after the loan to value ratio (LTV) easing policy. The changes in the Bank Indonesia policy to release the loan to value ratio for the purchase of the first house with an area of more than seventy square meters is one of the government's solution to encourage the growth of housing property. This issue is due to the difficulty of the first-time home buyer in paying the down payment. The design of this research uses a case study of multiple case holistic designs and uses a qualitative analysis method. Qualitative data were obtained from in-depth interviews with nine housing developers. We found that most developers are willing to change their market segmentation to a lower segment (36 household type) than the previous ones that they have set. We concluded that the LTV ratio easing policy cannot help many developers if the macroeconomic conditions are still weak.",
author = "Dyar Paramitha and Ahmad Gamal and Azrar Hadi",
note = "Funding Information: This article's publication is supported by Universitas Indonesia's Grant for International Publication of Student Thesis (Hibah PITTA), Grant # NKB-0697/UN2.R3.1/HKP.05.00/2019. Publisher Copyright: {\textcopyright} 2020 Author(s). Copyright: Copyright 2020 Elsevier B.V., All rights reserved.; 16th International Conference on Quality in Research, QiR 2019 - 2019 International Symposium on Sustainable and Clean Energy, ISSCE 2019 ; Conference date: 22-07-2019 Through 24-07-2019",
year = "2020",
month = may,
day = "4",
doi = "10.1063/5.0002625",
language = "English",
series = "AIP Conference Proceedings",
publisher = "American Institute of Physics Inc.",
editor = "Yuliusman Yuliusman and Cindy Dianita",
booktitle = "Recent Progress on",
address = "United States",
}