Oversupply causes property bad credit
Property credit growth in 2008 will certainly hike along with credit growth in the banking sector that is estimated at Rp210 trillion. Regardless of whether bank credit growth can be boosted up to 33% –so far it has recorded 24 percent only – financing in the property sector, mainly in landed houses and low-middle class apartments, will certainly remain active. The one thing that requires serious attention is property oversupply that will no doubt cause bad credits. Read more
