economy

East Kalimantan Is Becoming A New Investment Hotspot, With Agung Podomoro Stepping Up To Meet The Housing Demand

The rising investment momentum around the new capital city, Nusantara (IKN), highlights the strategic role of the property sector in attracting investors and boosting economic growth in East Kalimantan. The development of IKN has drawn many entrepreneurs and businesspeople in Indonesia to invest in East Kalimantan, particularly in the supporting cities of Balikpapan and Samarinda. Agung Podomoro, a trusted developer, is ready to embrace the new trends and population migration to East Kalimantan by making significant moves like developing Borneo Bay Residences in Balikpapan and The Premiere Hills in Samarinda. With a "Living in Style" concept, these areas aim to meet the housing and property investment needs, especially with the arrival of IKN. "As a leading, trusted, and integrated property developer, Agung Podomoro is committed to making a significant contribution to property development in Balikpapan and Samarinda, which is expected to support regional economic progress alongside the new societal patterns brought by IKN," said Agung Wirajaya, Corporate Marketing Director of Agung Podomoro, in an official statement on Sunday (August 18). Agung mentioned that the company is dedicated to being the most prepared developer to cater to the needs of workers, businesspeople, and entrepreneurs migrating to East Kalimantan. “We see a very positive economic vibe with the initial stages of IKN's development, where population movement to this area will create a demand for housing. Therefore, the company is preparing a range of property products with excellent facilities to address the housing needs around IKN through The Premiere Hills Samarinda,” he added.

Just a heads up, the data from the East Kalimantan Investment and One-Stop Integrated Service Office (DPMPTSP) shows that investment realization for the first quarter of 2024 hit 22.01%, totaling around IDR 16.73 trillion. This is a 7.84% increase compared to the first quarter of 2023. This includes domestic investment (PMDN) of IDR 11.92 trillion and foreign investment (PMA) of USD 320.51 million, which is about IDR 4.80 trillion. Yenti Lokat, the Deputy Marketing Director of Agung Podomoro, mentioned that this rise in investment in East Kalimantan opens up opportunities for property investment in the area. "We currently have two property projects underway in East Kalimantan, specifically in Balikpapan and Samarinda. Both projects are ready and will soon be occupied by buyers," she said. The Balikpapan project, Borneo Bay Residences, features a superblock concept and is offering a 2-year Rental Guarantee for one-bedroom units, along with a Fully Furnished option for two-bedroom units. Borneo Bay Residences provides fully furnished units to meet the demand for instant living. "We’re also working on The Premiere Hills. Given its quality and strategic location in Samarinda, this property is a top investment choice in East Kalimantan. With residential property prices on the rise, this investment not only adds value but also offers a chance to enjoy a healthy lifestyle," Yenti explained. She added that Agung Podomoro will soon launch the second phase of sales for The Premiere Hills with exciting promotions and partnerships with banks for mortgage financing. "Right now, consumers are really enthusiastic and eager to buy properties at The Premiere Hills. In the initial sales phase, several units have already sold out," Yenti shared.

Tag: Agung Podomoro DPMPTSP East Kalimantan IKN Property Sector