Since the implementation of Value Added Tax (PPN) Incentives, property sales were recorded with 10% to 20% growth in the March-May 2021 period. The increase was recorded for ready stock units, but not for pre-sale houses which recorded 4.9% sales decline. According to Real Estate Indonesia (REI), during the first month of PPN incentive in March, property sales were recorded with a 30% to 40% increase and then, it continued with a 10% increase in the second month.