Flooring Guide by Cinvex – , JAKARTA – In a significant move to invigorate the national property market, the Directorate General of State Assets (DJKN) under the Ministry of Finance and PT Bank Tabungan Negara (Persero) Tbk. (BTN) have jointly launched the “BTN Grand Auction 2026.” This ambitious initiative aims to make a staggering 10,000 homes available for auction throughout the current year, marking a major collaboration between the government and a state-owned bank to democratize property ownership and investment.
This comprehensive property investment auction program is specifically designed to broaden access to property ownership for a wider segment of society. Syukriah, Director of Auction at DJKN Ministry of Finance, expressed strong optimism that the “BTN Grand Auction 2026” will foster more inclusive and affordable property investment opportunities. She also highlighted its crucial role in helping to reduce BTN’s non-performing loan (NPL) levels, underscoring the vital synergy and commitment demonstrated by both entities. The launch event took place at Menara BTN, Jakarta, on Monday, May 25, 2026.
“We wish to convey our appreciation to the entire BTN team for their synergy, collaboration, and commitment in working with DJKN, enabling us to contribute to reducing the NPLs of our partners at PT BTN,” Syukriah stated.
A cornerstone of this program is its full embrace of digital transformation, ensuring transparency, competitiveness, and accountability in the acquisition of property assets. Syukriah emphasized the streamlined nature of the digital auction process, inviting prospective buyers to register an account on the official government auction site, lelang.go.id. She clarified that these auctions are conducted by the Ministry of Finance through DJKN, which is an Echelon I unit of the Ministry. The auctions will be facilitated across 72 State Assets and Auction Service Offices (KPKNLs) nationwide, with this digital approach expected to significantly stimulate the property industry this year.
: Weakening SUN Market, Sukuk Auction Records Lowest Bid Throughout 2026
Addressing potential concerns regarding legal certainty, Syukriah assured that all “second-hand” homes, previously under home ownership credit (KPR), meet the necessary legal prerequisites for auction. She clarified that properties are only put up for auction after extensive due diligence and when debtors have genuinely defaulted, not for those with smooth payment histories. While acknowledging that the process has involved challenges, including summonses and court lawsuits contesting government decisions to auction NPL-categorized homes, Syukriah firmly stated, “Alhamdulillah, we haven’t lost any of the many lawsuits,” guaranteeing the integrity and enforceability of the auction process.
: : Prime Group to Dongfang Win Oil and Gas Block Auction in Natuna-Papua
Complementing the accessibility of these properties, Benjamen Sihombing, SEVP Assets Management at BTN, unveiled attractive financing facilities for interested buyers. The “KPR BTN Maju” program offers highly competitive housing loans specifically designed for purchasing ready-stock detached houses and apartments derived from former mortgage products. This facility boasts a highly competitive interest rate of 5%, fixed for the first five years, with a flexible tenor of up to 30 years. “The interest rates are very competitive with a tenor that can go up to 30 years. An interest rate of 5%, fixed for 5 years,” he explained at the same event.
Benjamen views this housing finance program as an exceptional opportunity, not only for its competitive rates but also for the significant value it offers. He revealed that properties available through this auction program could be priced substantially below market value, often ranging from 20% to 40% less. This makes the “BTN Grand Auction 2026” a compelling proposition for both seasoned investors and first-time homebuyers looking for affordable yet legally sound property acquisitions, promising to inject new vitality into Indonesia’s real estate sector.
Summary
The Indonesian Ministry of Finance’s Directorate General of State Assets (DJKN) and Bank Tabungan Negara (BTN) have launched the “BTN Grand Auction 2026,” offering 10,000 foreclosed properties nationwide. This initiative aims to reduce BTN’s non-performing loans while increasing affordable property ownership through a transparent digital platform at lelang.go.id. The auctions are facilitated by 72 regional offices to ensure national accessibility and regulatory compliance.
To support buyers, BTN introduced the “KPR BTN Maju” program, which provides financing with a 5% fixed interest rate for five years and tenors up to 30 years. These auctioned properties are often priced 20% to 40% below market value, making them attractive for investors and first-time homeowners. Officials have confirmed that all assets have undergone strict due diligence and legal verification to ensure ownership security for participants.