Analisis Sensitivitas Penerimaan Investasi Proyek Apartemen Grand Shamaya Tower Rishley di Surabaya

Gonta, Wilbert Kenjiro (2023) Analisis Sensitivitas Penerimaan Investasi Proyek Apartemen Grand Shamaya Tower Rishley di Surabaya. Other thesis, Institut Teknologi Sepuluh Nopember.

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Abstract

Pertumbuhan jumlah penduduk pada Indonesia mengalami kenaikan sebanyak 0,79 persen, dari hasil sensus penduduk tahun 2020. Total dari jumlah penduduk di provinsi Jawa Timur sebanyak 40,67 juta jiwa dengan luas wilayah provinsi Jawa Timur 47,8 ribu kilometer persegi. Dengan pertambahan jumlah penduduk di Indonesia yang tinggi ini dibutuhkan pertambahan tempat tinggal atau hunian untuk keluarga-keluarga baru di Indonesia. Kota Surabaya merupakan kota kedua terbesar di Indonesia dengan pertumbuhan penduduk dari tahun 2019 hingga tahun 2020 sebanyak 8556 jiwa. Dengan pertumbuhan penduduk yang cukup tinggi di Surabaya, dibutuhkan hunian baru untuk para penduduknya. Keterbatasan lahan yang ada pada kota Surabaya menjadikan apartemen menjadi solusi untuk memperbanyak hunian secara bertingkat. Hal tersebut juga menjadikan kota Surabaya sebagai potensi yang baik untuk berinvestasi pada proyek apartemen. Meskipun kota Surabaya memiliki potensi yang baik untuk membangun proyek apartemen, perlu melihat persaingan dari peningkatan pembangunan apartemen di Surabaya. Data penjualan apartemen di Indonesia turun 50% pada kuarta I-2022. Sedangkan tingkat hunian atau okupansi apartemen servis mengalami penuruan dari 61% menjadi 58,2%. Dengan adanya risiko jumlah apartemen yang akan bertambah membuat occupancy rate mungkin menurun dan berdampak pada penerimaan Apartemen Grand Shamaya. Oleh karena itu, dibutuhkan analisis sensitivitas terhadap penerimaan investasi pada proyek Apartemen Grand Shamaya. Analisis sensitivitas dari Apartemen Grand Shamaya ini dilakukan dengan menggunakan parameter Net Present Value (NPV), Internal Rate of Return (IRR), dan Payback Period (PP). Hasil dari analisis kelayakan finansial proyek Apartemen Grand Shamaya Tower Rishley dengan nilai MARR 7,12% didapatkan nilai NPV sebesar Rp 27.285.185.406, IRR 8,85%, dan payback period 6 tahun. Dari analisis sensitivitas yang dilakukan didapatkan variabel yang paling sensitif yaitu kenaikan biaya investasi dengan batas kenaikan sebesar 2,34%.
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The pandemic condition has had an impact on decreasing demand for apartments in Indonesia. Apartments in the secondary market have experienced a 10% -20% reduction in transaction prices during the pandemic. In the primary apartment market, many facilities are provided in payments such as Down Payment discounts, extended installments, free interiors, and others to attract consumers. Apartment prices have decreased by means of a 5% -10% selling price discount promotion. Data on apartment sales in Indonesia fell by 50% in the first quarter of 2022. Meanwhile, the occupancy rate of apartment serviced decreased from 61% to 58.2%. This condition is exacerbated by the risk that the number of apartments will increase, causing the occupancy rate to decrease and have an impact on the acceptance of the Grand Shamaya Apartments. Therefore, financial feasibility analysis and sensitivity analysis of investment acceptance in the Grand Shamaya Apartment project are needed. The financial feasibility analysis of the Grand Shamaya Apartment is carried out using the parameters Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PP). The steps in carrying out the analysis are estimating investment costs, income, and expenses to create cash flows during the investment period of the project, then carrying out a financial feasibility analysis and sensitivity analysis. The results of the financial feasibility analysis of the Grand Shamaya Tower Rishley Apartment project with a MARR value of 7.12% obtained an NPV value of IDR 27,285,185,406, an IRR of 8.85%, and a payback period of 6 years. Sensitivity analysis was carried out on the variables of investment costs, unit selling prices, unit selling rates, and operational costs. From the sensitivity analysis carried out, it was found that the most sensitive variable was the increase in investment costs with an increase limit of 2.34%

Item Type:	Thesis (Other)
Uncontrolled Keywords:	Analisis Sensitivitas, Apartemen, Investasi, Sensitivity analysis, Apartment, Investation.
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD30.24 Feasibility studies. Feasibility appraisals H Social Sciences > HG Finance > HG4529 Investment analysis T Technology > T Technology (General) > T56.8 Project Management T Technology > TA Engineering (General). Civil engineering (General) T Technology > TH Building construction > TH438 Construction industry--Management. Project management.
Divisions:	Faculty of Civil, Planning, and Geo Engineering (CIVPLAN) > Civil Engineering > 22201-(S1) Undergraduate Thesis
Depositing User:	Wilbert Kenjiro Gonta
Date Deposited:	27 Jul 2023 07:06
Last Modified:	27 Jul 2023 07:06
URI:	http://repository.its.ac.id/id/eprint/99613

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