Property Jargon

AJB (Akta Jual Beli)
Deed of Sale

Collateral: Something pledged as security for repayment of a loan

Amortization: Process of decreasing a loan by paying a certain amount of principal and interest rate regularly over a period of time.

Annuity: Periodic pay out of funds or obligation for a period of time

Angsuran Tetap
Fixed Installment: A fixed payment amount at a specified date

Arus Kas
Cash Flow: The movement of money into and out, showing funding sources and uses of funds

A period of high increase in investment activity

BBN (Bea Balik Nama)
Cost of name changing

BPHTB (Bea Perolehan Hak Tanah dan Bangunan)
Cost of land and building acquisition rights

BPN (Badan Pertanahan Nasional)
The National Land Agency

Floating rate
The interest rate changes periodically with the market

Profit from sales

IMB (Izin Mendirikan Bangunan)
Building Permit

Purchase by booking in advance

KPR (Kredit Kepemilikan Rumah)
Housing loan

KPA (Kredit Pemilikan Apartemen)
Apartment Ownership Loan

KDB (Koefisien Dasar Bangunan)
Building Coverage Ratio: Ratio between ground floor area of the building and the lot area in accordance with the city plan

KLB (Koefisien Lantai Bangunan)
Ratio between building floor areas and the lot area in accordance with the city plan

NJOP (Nilai Jual Objek Pajak)
Sales Value of the Tax Object

NPWP (Nomor Pokok Wajib Pajak)
Taxpayer Identification Number

PPh (Pajak Perolehan penghasilan)
Income tax

PBB (Pajak Bumi dan Bangunan)
Property tax

PPJB (Pengikatan Perjanjian Jual Beli)
Sale and purchase agreement

PPN (Pajak Pertambahan Nilai)
Value Added Tax

Paying off an exising loan with the proceeds from a new loan

Rusunami (Rumah Susun Sederhana Milik)
Subsidized flats

Rusunawa (Rumah Susun Sederhana Sewa)
Rental flats

SBDK (Suku Bunga Dasar Kredit)
Prime loan interest rate

SPPT (Surat Pemberitahuan Pajak)
Notice of tax

SIUP (Surat Izin Usaha Perdagangan)
A license to undertake business activities

SHGB (Sertifikat Hak Guna Bangunan)
Building utilization right

SHM (Sertifikat Hak Milik)
Certificate of ownership

SPOP (Surat Pemberitahuan Objek Pajak)
Notice letter of tax object

Updated: 2012-01-01 Viewed: 2264