Analisis Sensitivitas Kelayakan Finansial The Bay Apartment Bandar Lampung

Nathanael, Robert Aurelio (2022) Analisis Sensitivitas Kelayakan Finansial The Bay Apartment Bandar Lampung. Other thesis, Institut Teknologi Sepuluh Nopember.

Text 03111840000055-Undregraduate_thesis.pdf Restricted to Repository staff only Download (3MB) | Request a copy

Abstract

Peningkatan jumlah penduduk di Bandar Lampung mengakibatkan semakin tingginya harga lahan hunian sehingga diperlukan adanya efisiensi pemanfaatan lahan berupa hunian bertingkat atau apartemen. Berdasarkan artikel terkait apartemen pertama yang ada di Bandar Lampung (Springhill Condotel), peningkatan jumlah unit yang laku terjual hanya sebesar sepuluh persen dari empat puluh persen menjadi lima puluh persen dari total unit yang ada dalam waktu dua tahun. Hal ini mengindikasikan kurangnya minat masyarakat Lampung akan hunian tingkat, sehingga diduga pembangunan The Bay Apartment sebagai apartemen kedua di Bandar Lampung, tidak akan layak secara finansial. Mengingat hal tersebut, perlu dilakukan analisis untuk memastikan pembangunan apartemen layak secara finansial. Penelitian ini bertujuan untuk mengetahui kelayakan The Bay Apartment secara finansial dan mengetahui sensitivitasnya agar bisa meminimalisir risiko kerugian dalam investasi The Bay Apartment. Penelitian ini menganalisis aspek finansial dengan metode Net Present Value (NPV), Internal Rate of Return (IRR), dan Payback Period (PP). Pendapatan yang diperhitungkan yaitu pendapatan dari penjualan unit apartemen dan sewa hotel. Modal investasi yang digunakan merupakan modal sendiri. Analisis sensitivitas dilakukan terhadap perubahan harga jual aparteme, tarif sewa hotel, tingkat okupansi hotel, dan rencana penjualan unit apartemen. Berdasarkan analisis kelayakan finansial pembangunan The Bay Apartment dengan MARR 6,20% dan masa investasi 10 tahun, diperoleh NPV sebesar Rp 34.484.644.825, PP selama 2,9 tahun lebih cepat dari masa investasi, dan IRR sebesar 8,933% lebih besar dari MARR. Berdasarkan ketiga parameter tersebut, The Bay Apartment layak secara finansial. Pembangunan The Bay Apartment dapat menjadi tidak layak apabila harga jual unit apartemen diturunkan minimal sebesar 23,7% dari harga saat ini atau tarif sewa hotel diturunkan minimal sebesar 47,4% dari tarif saat ini. Batas kelayakan investasi The Bay Apartment terhadap tingkat okupansi hotel adalah 45% dari tingkat okupansi yang diharapkan, sedangkan batas kelayakan terhadap penjualan unit apartemen adalah 22,6% dari penjualan yang direncanakan pada awalnya.
======================================================================================================================================
The increasing number of population in Bandar Lampung has resulted in higher prices of residential land therefore land usage efficiency is needed by the application of multi-storey residence or apartment. Based on the article about the first built apartment in Bandar Lampung (Springhill Condotel), the number of sold apartment unit only increases around ten percent of the total units they had. This situation indicates the lack of the Lampung citizen’s interest of multi-storey residence. As the second built apartment in Bandar Lampung, The Bay Apartment faces a challenge where the society still prefer the site residence. Therefore it is needed to analyze to make sure that building the apartment is financially feasible. This research target is to know whether The Bay Apartment is financially feasible or not and to know the sensitivity to minimalize the risk of loss in investment. This final assignment analyzes financial aspect by using the methods of Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PP). Earning methods that are applied in The Bay Apartment are selling apartment units and renting hotel rooms. Investment capital comes fully from the owner. Investment period to analyze the feasibility is being set to 10 years with 6,20% MARR. Sensitivity analysis is being applied to the apartment units price and the hotel room rent fee. According to the financial feasibility analysis of The Bay Apartment using MARR of 6,20% and 10 years investment period, it is found that NPV is Rp 34.484.644.825, PP is 2,9 years, and IRR value is 8,933% which is higher than MARR. Based on theses three parameters, The Bay Apartment is financially feasible to be built. Construction of The Bay Apartment could be not feasible if the price of apartment units is lowered by minimum 23,7% of the price that is set, or if the hotel room fee is lowered by minimum 47,4% of the fee applied. The investment feasibility limitation of The Bay Apartment is 45% of the expected occupancy rate and 22,6% of the sales plan.

Item Type:	Thesis (Other)
Uncontrolled Keywords:	analisis kelayakan finansial, apartemen, IRR, NPV, PP, sensitivitas, financial feasibility analysis, apartment, IRR, NPV, PP, sensitivity
Subjects:	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:	Mr. Marsudiyana -
Date Deposited:	12 Jan 2026 02:42
Last Modified:	12 Jan 2026 02:44
URI:	http://repository.its.ac.id/id/eprint/129466

Actions (login required)

View Item