Bank Indonesia forecasts that Indonesia's economy will grow by 4.7-5.5% in 2024. This strong economic growth is supported by the continuation of various National Strategic Projects across different regions and the development of private properties due to various government incentives.
Domestic demand and purchasing power also remain strong. This is evidenced by various indicators such as the consumer confidence index, retail sales index, and manufacturing index, all of which are in the optimistic zone.
On the other hand, the outlook for the property industry in Indonesia, based on Bank Indonesia's Residential Property Price Survey, shows that in the fourth quarter of 2023, sales of residential properties in the primary market grew by 3.27% year-on-year, supported by increased sales across all types of houses.
Additionally, the Government-Borne Value Added Tax (PPN DTP) incentive of 11% is projected to stimulate the landed house and apartment market in 2024. This ease of access is expected to brighten the housing prospects, aligning with Agung Podomoro's commitment to meeting national housing needs.
“We are optimistic that the government's support and various partners' purchasing ease will enhance the public's purchasing power in property. Agung Podomoro will continue to optimize every opportunity, including addressing the economic challenges that will be faced in 2024 through the development of property products that meet the needs of today's dynamic market segments,” said Yenti Lokat, Assistant Vice President and Head of Regional Marketing Residential at Agung Podomoro, based on information received on Friday (April 19, 2024).
As a smart developer that is adaptive and agile, Agung Podomoro is addressing the high demand for housing properties through the Podomoro Vaganza Exhibition at Galaxy Mall 1, Surabaya, from April 15 to 21, 2024. Podomoro Vaganza showcases Agung Podomoro's projects such as Podomoro City Deli Medan, Borneo Bay Balikpapan, The Premiere Hills Samarinda, and The Sky Apartment Jakarta with various attractive promotions.
Yenti explained that this exhibition aims to optimize the high demand for landed houses and apartments, not only in Jakarta but also outside Java. This initiative is supported through collaboration with various banking partners such as Bank BNI, BRI, BSI Syariah, BTN, Bank CIMB Niaga, Bank Danamon, Bank Mandiri, May Bank, Panin Bank, Permata Bank, and Bank UOB. These partners support the 10% down payment promotion for ready-to-occupy homes, as well as local property agents.
“Entering the second quarter, the company continues to boost sales through mortgages (KPR) and apartment loans (KPA). Additionally, we offer special promotions for the residents of Surabaya during Podomoro Vaganza,” Yenti explained.
Yenti stated that through collaboration and support from strategic banking partners, Agung Podomoro continues to optimize the availability of housing to meet consumer needs. This aligns with the Livin in Style concept implemented by Agung Podomoro, which emphasizes modern, elegant, and sophisticated living.
