REALTY-MARKETS | Property incentives seen to drive demand, but maybe less for apartments
Touch up: A builder works at the construction site of a low-cost apartment project in Kendari, Southeast Sulawesi, in April 2017.(Antara/Jojon)
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Property players have welcomed a new set of government-funded incentives meant to reinvigorate an industry hit first by the pandemic and then by rising interest rates, but whether the sweeteners will help the apartment segment out of the doldrums remains to be seen.
Real Estate Indonesia (REI) chairman Joko Suranto told The Jakarta Post on Monday that players in the sector were thankful for the incentives and had begun to coordinate with the government to ensure smooth execution.
“We view [this regulation] as the government thinking ahead to lift up the property industry so that it can rebound like others, since property has not gotten back on its feet,” said Joko.
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Deni Ghifari
The Jakarta Post
PREMIUM Jakarta
● Tue, October 31, 2023
