Collaboration between Agung Podomoro and Banking Encourages National Property Growth

SURABAYA – Developer property Agung Podomoro, held the Podomoro Vaganza Exhibition at the South Atrium, Galaxy Mal 1, Surabaya, on 15 – 21 April 2024. This exhibition is a commitment to supporting the growth of the national property sector, especially in the landed house and apartment segments.

According to Assistant Vice President Head of Regional Marketing Residential Agung Podomoro Yenti Lokat, this exhibition is clear evidence of Agung Podomoro’s commitment to optimizing the demand for landed houses and apartments which is still high, not only in Jakarta but also outside Java.

This commitment is supported through collaboration with various banking partners such as Bank BNI, BRI, BSI Syariah, BTN, Bank CIMB Niaga, Bank Danamon, Bank Mandiri, May Bank, Panin Bank, Permata Bank and Bank UOB, by supporting the 10% DP promo ready residents, as well as local property agents.

“Entering the second quarter, the Company continues to encourage sales through KPR and KPA. “Apart from that, we provide various special offers to Surabaya residents during the Podomoro Vaganza event, such as 100% VAT subsidy, low down payment that can be paid twice, 2 year rental guarantee worth IDR 121 million, door prizes up to the Grand Prize for precious metals,” explained Yenti.

He said, through cooperation and support from strategic banking partners, Agung Podomoro is committed to continuing to optimize the availability of quality housing, according to consumer needs. This is in line with the Livin in Style concept implemented by Agung Podomoro, namely modern, elegant and sophisticated living.

“As an adaptive and agile smart developer, this condition will create high consumer interest in investing in property and is expected to continue to encourage growth in the national property sector,” said Yenti.

Bank Indonesia estimates that the Indonesian economy in 2024 will grow 4.7%-5.5%. This strong economic growth is supported by the sustainability of various National Strategic Projects in various regions and the development of private property as a result of various incentives provided by the government. Domestic demand and people’s purchasing power also remain good, demonstrated by various indicators such as the consumer confidence index, retail sales index and manufacturing index which are in the optimistic zone.

Podomoro Vaganza in Surabaya presents prestigious masterpieces from Agung Podomoro, namely Podomoro City Deli Medan, Borneo Bay Balikpapan, The Premiere Hills Samarinda, and The Sky Apartment Jakarta with various attractive promotions.

View Photos: Grand Opening of the Second Club House of Podomoro Tenjo City

The highlight of the Podomoro Vaganza event will be held at The Westin Surabaya, Ballroom 3 on April 20 2024 which will be enlivened by Delon. The 11% Government Borne Value Added Tax (VAT DTP) incentive is projected to revive the landed house and apartment market in 2024. This convenience is considered to generate brighter housing prospects, in line with Agung Podomoro’s commitment to responding to national housing needs.

The prospects for the property industry in Indonesia are in line with the results of the Bank Indonesia Residential Property Price Survey. The Central Bank noted that in the fourth quarter of 2023, residential property sales in the primary market grew 3.27% (year-on-year) supported by increased sales of all types of houses.

(nng)