Property Marketing and Sales Review

Regulations becoming more conducive to growth SOLIPPO PT LIPPO KARAWACI TOK LTV relaxation in Feb21*: * Assuming all banks are NPL compliant with NPL ratio below 5% New Property Type First Second and subsequent First Residential (landed > 70sqm 100% 100% and high rise) 21-70sqm <21sqm Shophouse All sizes 100% 100% Old Second and subsequent 85% 90% 90% Up to 100% Mortgage Disbursement for properties under construction: New regulation Disbursement Old regulation Terms Mortgage disbursement can be up to Both for Landed properties and Apartments 100% before construction reach completion. Banks must continue implementing risk-based assessment for mortgage disbursement to property developers. Up to 30% of total credit Up to 50% of total credit Up to 90% of total credit Up to 100% of total credit Following signing of credit agreement Complete foundation |Complete topping off Handover accompanied with letter of acceptance and deeds of purchase and mortgage deeds/ authorization for mortgage assignment Acquisition of land/building: Buyer's tax Items New Old % of selling price Land and acq. Rights 5% 5% VAT 0-10% 10% Luxury Tax 20% 20% Super Luxury Tax 1% 1% 71

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