Studi Kelayakan Investasi Apartement Gunawangsa MERR Surabaya

Maulina, Zulfia Putri (2015) Studi Kelayakan Investasi Apartement Gunawangsa MERR Surabaya. Undergraduate thesis, Institut Teknology Sepuluh Nopember.

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Abstract

Meningkatnya kebutuan hunian di Surabaya yang tidak diimbangi dengan ketersediaan tanah mengakibatkan harga hunian sangat tinggi, hal ini yang melatar belakangi dibangunnya hunian vertical atau yang disebut apartement. Maraknya pembangunan apartemen membuat persaingan sangat tinggi, untuk menarik konsumen lebih banyak PT Gunawangsa Kreasindo mengembangkan apartement dengan konsep berbeda yaitu memadukan apartemen dengan condotel, apartement Gunawangsa Merr adalah salah satu proyek yang saat ini sedang berjalan di jl. Kedung Baruk 96 Surabaya . Mengingat besarnya dana yang dibutuhkan untuk investasi pembangunan apartement Gunawangsa Merr, maka di perlukan studi kelayakan investasi untuk mengetahui apakah investasi yang dilakukan PT Gunawangsa Kreasindo layak diteruskan atau tidak. Analisa tingkat pengembalian Investasi Apartemen Gunawangsa Merr dengan menggunakan metode Net Present Value (NPV), Internal Rate of Return (IRR), dan ProfitabilityIndex(PI). Pendapatan bersih tiap tahun diperoleh dari penjualan unit kamar apartemen, kios, perkantoran dan condotel selain itu ada pendapatan pembagian pendapatan penyewaan kondotel dengan pemilik condotel, investor dan pengelola (30%,35%,35%). Masa investasi proyek apartemen Gunawangsa Merr yaitu 10 tahun.. Dari analisa perhitungan iv data diharapkan dapat mengetahui kelayakan Proyek Apartement Gunawangsa Merr dari segi finansial. Setelah dilakukan analisa kelayakan Net Present Value (NPV) yang diperoleh hasil Rp 5,758,776,077 sehingga dinyatakan layak , metode Profitability Index (PI) diperoleh hasil 0.36 < 1 dinyatakan tidak layak, dan metode Internal Rate of Return (IRR) diperoleh hasil sebesar 19.55% > MARR sehingga dinyatakan layak. Dari hasil analisa sensitivitas proyek apartemen Gunawangsa bisa layak apabila MARR naik ≤ 7.21%, Harga penjualan unit apartemen, kondotel, dan sewa kondotel turun sebesar ≤ 1.44%, tariff listrik tidak naik sebesar ≤ 14.57 % dan biaya investasi naik ≤ 1.62%. ====================================================================================================== The growing need of residence in Surabaya that is not aligned with the land availability makes residence in very high price, this is the reason why the people build vertical residence which is called apartment. Many of apartment constructions make competition high. To attract more consumers, PT Gunawangsa Kreasindo develops a different concept apartment which is combined with condotel, Gunawangsa Merr apartment is one of the current projects on Jl. Kedung Baruk 96 Surabaya. The amount of funds needed for the construction investment of Gunawangsa Merr apartment should take investment feasibility study to determine whether the PT Gunawangsa Kreasindo investment is feasible to do or not. The return rate analysis of Gunawangsa Merr apartment investment uses the Net Present Value (NPV), Internal Rate of Return (IRR), and Profitability Index (PI) method. Annual net income is derived from the sale of apartment bedrooms, stalls, offices and condotels. moreover there is income revenue sharing from the condotel rent with condotel owners, investors and managers (30%,35%,35%). Investment period of Gunawangsa Merr apartment project is 10 years. From the data calculation analysis, it is expected to determine the feasibility of Gunawangsa Merr apartment project in financial terms. vi From the feasibility analysis of Net Present Value (NPV) is obtained Rp 5,758,776,077 so it is feasible, Profitability Index (PI) method is obtained 0.36 < 1 so it is not feasible, and Internal Rate of Return (IRR) method is obtained 19.55% <MARR so it is feasible. From the sensitivity analysis results of Gunawangsa Merr apartment project could be feasible if MARR rises by < 7.21%, unit sale price of apartment, condotel and condotel rent fall by ≤ 1.44%, electricity tariff does not rise by ≤ 14.57 % and the investment cost rises by ≤ 1.62%.

Item Type: Thesis (Undergraduate)
Additional Information: RSS 332.632 47 Mau s
Uncontrolled Keywords: kelayakan, investasi, apartement
Subjects: H Social Sciences > HG Finance > HG4529 Investment analysis
Divisions: Faculty of Civil Engineering and Planning > Civil Engineering > 22201-(S1) Undergraduate Thesis
Depositing User: Mr. Tondo Indra Nyata
Date Deposited: 09 Oct 2019 02:52
Last Modified: 09 Oct 2019 02:52
URI: http://repository.its.ac.id/id/eprint/71062

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