Mixed Use Rental Apartment

Profile :

• Location         : Perdagangan II Village, Bandar Sub-District, Simalungun Regency
• Financial        :  - Local Government Budget          : IDR 53.78 Billion

                                   - National Government Budget     : IDR 193.01 Billion

                                   - Public Private Partnership          : IDR 965.5 Billion

• Land               : 2.62 Ha
• Concession    : 20 years
• Construction   : 2 years
• Project scope  : Design, Build, Finance, Maintenance, and Transfer (DBFMT)
• Status              : - OBC (Outline Business Case) and FBC (Final Business Case) have completed in 2020

                                    - First market sounding has done in June 2020

Project opportunity :

• The workforce absorption in the Sei Mangkei SEZ currently reached 1,800 workers, and was likely increasing by considering that this area was the 5th largest investment location in Indonesia. Meanwhile 45% of workers still rent houses and 35% live in messes. This is the reason for initiating to build the integrated rental apartment project.
  
• The construction of this project isn't only targeted for the workers (both domestic and foreign / expats), but also for low-income citizens in several areas from Simalungun, Batu Bara, and Asahan Regency.
  
• With the ease of access to both roads and rail transportation modes, the integrated rental apartment in Sei Mangkei has become a strategic project.
  
• Detail of the apartment:

          - There are 3 towers

          - Capacity for 1 tower : has 224 units (amount: 672 units)

          - Total floor : 18 floors (14 floors for living and rooms and the rest for parks)

• Other complimentary facilities:

          - Playground area about 1,050 m2

          - Worship facilities about 550 m2

          - Gas station area about 875 m2