The Indonesia Real Estate Association (REI) requests for a fast response from banks after the Central Bank of Indonesia cut the 7-Days Reverse Repo Rate (BI7DRRR) by 25 basis points to 4.25%. The rate cut was expected to support economic growth and stimulate the business world, including the property industry amidst the Covid-19 pandemic. After the first quarter of 2020, the sales in the primary market recorded a 30.52% (qoq) decline or 43.19% (yoy).