Coordinating Minister for Economic Affairs Airlangga Hartarto has announced that the government's 100% value-added tax (VAT) incentive for home purchases has been extended to December 2024. With this latest development, the Ministry of Finance will issue a new ministerial regulation, allowing the implementation of the 100% VAT rebate to resume immediately. (Quoted from cnbcindonesia.com)

Now is the perfect time to own a home, as the government is offering a highly beneficial stimulus for those looking to buy a house in 2024.

Benefits of buying a home during the VAT-free period:

• More Affordable Homes: The primary benefit is that the selling price of homes will be lower. With the VAT exemption, you won't have to bear the additional cost of VAT, which is usually included in the purchase price. This means you can get your dream home with a more efficient budget.
• Faster Opportunity to Own a Home: For those saving to buy a house, this program can provide the motivation to realize your dream of homeownership sooner. With more affordable prices, you can save up for a down payment faster or even apply for a mortgage with lower monthly installments.
• Supporting Economic Growth: By purchasing a home, you not only acquire a personal asset but also contribute to the nation's economic growth. The property sector is a vital part of the economy and can create new jobs.

So, what are you waiting for? Visit the Yuu at Contempo show unit at Jalan Brigjend Zein Hamid (Contempo Regency), Titi Kuning, Medan Johor. Or you can schedule a visit with our sales team by calling our hotline at 0811 658 1108.