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24 November 2023
Free VAT: The right time to buy a house?

The government announced that it will provide incentives in the form of an 11% value-added tax (VAT) exemption for home purchases from November 2023 to June 2024 of 100%.

Quoted from CNBC Indonesia, Minister of Finance (Menkeu) Sri Mulyani said that the government-borne VAT incentive (PPN DTP) for house purchases will be implemented starting November 2023.

He explained that the VAT DTP facility will be provided to home buyers of 1 house per 1 NIK or 1 NPWP. This program will run from November 2023 to December 2024.

"100% DTP VAT for houses worth IDR 2 billion, also IDR 2-5 billion applies until June 2024. In this case, from November 2023-June 2024 the DTP VAT is 100%. Starting July 2024 the DTP VAT is only 50% "said Sri Mulyani.

So, looking at the explanation above, this is the right time for you to have your dream home. One of them is being able to own a residence at Yuu at Contempo.

You at Contempo is the first Japanese concept housing complex in Medan, located in the Titi Kuning area, Jalan Brigjen Zein Hamid. Consists of 3 types of houses, namely types 72, 90 and 120, and is also equipped with various facilities such as One Gate System, Smart Home System, 24-hour security, garden, BBQ Pit, and Children's Playground.

Moreover, there are various attractive promotions such as Free VAT, 24x down payment installments, free all fees, and installments starting from 3 million per month.

For further information, please call 0811 658 1108

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