Bank Indonesia Records Higher Price Growth of Residential in 3Q-2023 | KF Map – Digital Map for Property and Infrastructure in Indonesia
Bank Indonesia Records Higher Price Growth of Residential in 3Q-2023
Monday, 20 November 2023

The Residential Property Price Survey (SHPR) result from the Bank of Indonesia indicates that the annual price of residential property in the primary market increased in the third quarter of 2023 at 1.96% (yoy) annually, higher than the growth recorded in the previous quarter of 1.92% (yoy). The survey  result also indicates that the sales of residential property in the primary market has not fully recovered, with 6.59% contraction, although better than the contraction in the previous quarter of 12.3% (yoy). 

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