Government Subsidy Optimization in the Property Sector (Housing) in the Middle of the COVID-19 Pandemic

DOI

10.2991/aebmr.k.201212.062How to use a DOI?

Keywords

COVID-19, Real estate Sector, Subsidized Housing

Abstract

The research entitled Optimizing Government Subsidies in the Housing Sector in the Middle of the Covid19 Pandemic in Kupang City aims to explain the optimization of subsidies provided by the Government to the housing sector in the midst of the Covid19 pandemic in the city of Kupang. The results showed that there was a decline in the real estate sector (housing) amid the ongoing COVID-19 pandemic. This means that the decline occurred in the first and second quarters of 2020 in the real estate (housing) sector, but public interest in subsidized housing remained. This happens because the covid19 conditions force people to stay indoors resulting in a decrease in people’s income and purchasing power. So that it will force people to think about owning a private residence. In the first quarter, the real estate sector grew by 2.37% and in the second quarter there was a decrease to 2.25%.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Aldarine Molidya
AU  - Rolland E. Fanggidae
PY  - 2020
DA  - 2020/12/14
TI  - Government Subsidy Optimization in the Property Sector (Housing) in the Middle of the COVID-19 Pandemic
BT  - Proceedings of the 5th International Conference on Tourism, Economics, Accounting, Management and Social Science (TEAMS 2020)
PB  - Atlantis Press
SP  - 440
EP  - 447
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201212.062
DO  - 10.2991/aebmr.k.201212.062
ID  - Molidya2020
ER  -