Inventory growth was driven by a shift in focus to small-sized houses due to rising material costs, while area performance depended on local policies and infrastructure.

Market demand continued to grow but shifted toward move-in ready secondary houses, affordable segments/cheap apartments, as well as new satellite areas connected to the Jogja-Solo Toll Road and the Jabodebek LRT.

The BI-Rate increase to 5.75% changed the financing landscape, triggering the dominance of KPR Take Over activities by up to 60% as a strategy to maintain cash flow in the middle and subsidized (FLPP) segments.

The function of the house has transformed into a wellness center and prompted a shift to on-demand home service services (due to the PPRT Law/minimum wage increases), which the market then responded to through expansion into the renovation and interior sectors.