The Central Bank of Indonesia (BI) reported that the Residential Property Price Index (IHPR) was recorded at 1.47% year on year (yoy) in the fourth quarter of 2021, higher than in the previous quarter of 1.41% yoy. Based on the Residential Property Price Survey (SHPR), BI indicated the recovery in residential property sales on primary market which was shown by the contraction of 11.60% yoy in the fourth quarter of 2021 from 15.19% in the previous quarter.