Background

Mixed Use Rental Apartment

Infrastructure

Mixed Use Rental Apartment


Mixed Use Rental Apartment

Investment Value

USD 76.07 million or equal to IDR1.13 trillion ($1 = IDR14,853)

Category

Infrastructure

Location

Simalungun

Profile :

  • Location                             : Perdagangan II Village, Bandar Sub-District, Simalungun Regency
  • Total Area / Land Status   : 3.33 ha and already clear to use
  • Financial Feasibility           : 

         - IRR: 11.14%

         - NPV: IDR 59.02 trillion (arround USD 4.12 million)

         - Payback Period: 8 years

         - Concession: 20 years and exclude 2 years for construction


Project to Offer :

  • 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


Project Description :

The workforce absorption in the Sei Mangkei SEZ currently reached 1,800 workers, and was likely increasing, 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 the low-income society and the one who affected by the relocation and natural disaster citizens in surrounding areas from Simalungun, Batu Bara, and Asahan Regency, etc. Mixed Use Rental Apartment will be built 3 residential towers, which  each tower consist of 18 floors with a total capacity of 672 residential units. There’s also built playground area about 1,050 m2, worship facilities about 550 m2, gas station area about 875 m2, shopping center, health & fitness center, retail and commercial area. With the ease of access to both roads and rail transportation modes, the integrated rental apartment in Sei Mangkei has become a strategic project to create a new modern area for living in Simalungun Regency.

  • Regional Government Budget (RGB)
  • National Government Budget (NGB), and
  • Public Private Partnership (PPP) 


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Publication

Mixed Use Rental Apartment

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One Page Summary Of Mixed Use Rental Apartment

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Project Owner

North Sumatra Housing and Settlement Area Board

Contact Person

Mrs. Ir. Ida Mariana Harahap, M.Si

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