PT Bank Tabungan Negara (Persero) Tbk, or BTN, said on Monday, May 25, it is preparing to push 10,000 second homes into Indonesia’s property market through its BTN 2026 Akbar Auction program, with properties offered at prices up to 40 percent below market rates. The lender said buyers can also access second home financing with interest starting at 5 percent.

Benjamen Sihombing said the auction is meant to open wider access for the public to own houses at competitive prices while also building a healthier, more transparent and easier second-property transaction ecosystem in Indonesia. BTN is offering the assets through the.id platform and the Bale by BTN mobile app, which include asset catalogs, transaction processes and KPR financing support.

The auction list covers land houses, apartments, shops and other commercial assets in Jabodetabek, across Java and outside Java. BTN said most of the properties are in areas that already have infrastructure, public facilities and established residential environments, a detail that gives the program a practical edge as buyers look beyond newly built housing.

The timing matters because BTN is trying to build on momentum from last year, when it recorded the highest auction performance among Himbara banks with a realization rate of 34.4 percent. For 2026, the bank is targeting a 35 percent success rate across its auctions, a modest but meaningful step in a market where demand for affordable homes remains tight.

That pressure is also why BTN is tying the auction drive to its BTN Maju KPR product, which offers fixed interest starting at 5 percent for five years, a down payment starting at 1 percent and a tenor of up to 30 years. The bank is effectively pairing discounted secondary properties with long-term financing to widen the buyer pool.

Property expert Panangian Simanungkalit said the BTN 2026 Auction could become one of the drivers of the property boom in the next few years. He also said the secondary market could help expand home ownership as new house supply remains limited and the national housing backlog stays high.

He urged buyers not to miss the opportunity, noting that the auction process is now easier. BTN has framed the program as part of support for the 3 Million House Program, and as a way to help make second homes a more realistic option for households squeezed by rising new-house prices. If BTN can keep the process transparent and keep prices competitive, the secondary market may become more than a side channel; it could turn into one of the main routes into home ownership.