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The Three Million Houses Program

Monday, January 20, 2025

The property industry is thriving, driven by the three-million-homes program. However, challenges remain in disbursing incentives and funding.

arsip tempo : 174314487787.

Construction of new housing in the Muarabakti area, Bekasi, West Java, Thursday, December 26, 2024. The Coordinating Ministry for Economic Affairs has officially announced that the government will continue to bear the VAT for property purchases next year. Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the tax incentive was included in the economic policy stimulus package provided by the government, along with the increase in the VAT rate to 12% in 2025. TEMPO/Tony Hartawan. tempo : 174314487787.

THE property industry’s vibrancy was evident at the start of this Year of the Wood Snake. Flyers and information about property exhibitions flooded social media. For instance, the West Java branch of the Real Estate Indonesia Regional Board (DPP REI) held the REI Property Expo at Graha Manggala Siliwangi, Bandung, from January 29 to February 21, 2025. Other exhibitions included the New Houses Exhibition at Mall Olympic Garden, Malang,

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