Property Credit Growth Slows to 16.4% in September 2026

Bank Indonesia recorded property credit in September 2026 growing 16.4% year-on-year to Rp1,703.7 trillion, slowing from 18.3% in August, mainly due to slower construction and real estate lending. Construction credit grew 42.3% to Rp557.2 trillion (August: 49.5%), while real estate credit rose 15.5% to Rp283.4 trillion (August: 16%). In contrast, mortgage (KPR) and apartment (KPA) credit grew 4.3% to Rp863.1 trillion, up slightly from 4.2%, making it the only property segment to strengthen. Overall bank credit grew 12.7% to Rp9,078.2 trillion (August: 13.3%), while consumer credit rose 4.7% to Rp2,415.9 trillion, with motor vehicle credit still contracting 9.7%.