The Residential Property Price Survey (SHPR) from Bank Indonesia (BI) indicates that residential property prices in the primary market grew in the fourth quarter of 2023 by 1.74% yoy, lower than 1.96% yoy recorded in the third quarter of 2023. The growth was reflected by growth of sales by 3.27% yoy, increasing from the previous quarter when the it was recorded with 6.59% contraction.