The central bank (Bank Indonesia/BI) reported that housing loan and mortgage distribution in August 2017 reached Rp389.2 trillion, or 10.4% year on year (y/y), higher than 9.1% in previous month. Mortgage growth was also higher than overall credit growth for the same period (8.4% y/y). Based on data from BI money supply, overall credit distribution in August was 7.4% y/y higher than the number set last July, in terms of total disbursements reached Rp4,514.5 trillion. Meanwhile, property loans in August grew 13.5% y/y, or slowed compared to July at 13.9% y/y. The stalling of property loans amid growth in mortgages was caused by sluggish action in construction and real estate loans. In August, construction credits grew slower, from 23.4% to 22.1%, while real estate loans went down from 12.4% to 8.5%.