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).