The property industry in Indonesia has been resilient and has withstood various political eras over the years. As the country prepares for another 5-year democratic party in 2024, there may be disruptions to political stability. However, it is anticipated that Indonesia's economic situation will tend to stabilize during this political year.

Past experiences from the political years of 2009, 2014, and 2019 have shown that the property market, especially the residential segment, experienced corrections in annual demand during these periods. However, after the political years, notably in 2009 and 2014, the property performance rebounded in the following years.

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This historical data provides hope for the property industry to bounce back, and there remains optimism for growth in the sector this year. The property market has shown resilience in the face of political uncertainties, and with careful planning and strategic measures, the industry can continue to thrive despite the upcoming political changes.

Source: detik.com