Saturday, January 22, 2011

150 low-cost apartment tenants default on loans: Govt

The Jakarta Post, Jakarta | Fri, 01/21/2011 3:41 PM | Jakarta

About 150 tenants of a low-cost apartment building complex in West Cakung, East Jakarta, have failed to pay their installments for several months, Jakarta Housing Agency says.

Some of the residents had not paid their monthly installments, of between Rp 300,000 (US$ 32) and Rp 500,000, for 15 months, Agency chief Agus Subandono said Friday as quoted by beritajakarta.com.

The agency sent warning letters to the residents on Friday, but had not received a positive response, Agus said.

Having received threats from the agency that they may face eviction, a meeting was organized involving local district and subdistrict chiefs and the tenants finally agreed to pay their arrears in installments.

Agus said that many of the residents had started to make the payments.

“Hopefully they will continue to fulfill their obligations so we can cover our losses,” he said.

The apartment building complex comprises 40 blocks with 100 units each.

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