In 2020, household consumption , which contribute more than half of Indonesia's GDP, fell by 2.63% year-on-year (YoY), after an increase of 5.04% in 2019. Meanwhile, unemployment data released last August showed that the unemployment rate stood at 7.07%, the highest in the last decade.

As the economy was shattered by the pandemic, transactions in the property market fell heavily across all sectors, causing developers and inventors to step back from their planned expansion in 2020.