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

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%.