Aditya Hadi (The Jakarta Post)
PREMIUM
Jakarta ●
Mon, February 27, 2023
Building material prices have been on an upward trajectory since 2020, when COVID-19 hit the construction industry hard, data from Statistics Indonesia show.
This has moderated growth in the property sector, as Finance Minister Sri Mulyani explained on Feb. 7 when announcing last year’s state budget figures.
That, in turn, has put a damper on the growth of investment in productive assets, or gross fixed capital formation (GFCF), which the property business plays a significant role in.
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