Agung Podomoro Offers Instant Move-in Housing Solutions in Two IKN Supporting Cities

July 1, 2024

To support the accelerated development of the new capital city, Ibu Kota Nusantara (IKN), in East Kalimantan, Agung Podomoro, Indonesia's leading and trusted property developer, remains committed to developing move-in-ready housing in two key IKN supporting cities: Balikpapan and Samarinda.

Agung Podomoro believes this rapid development will create attractive investment opportunities for businesses, particularly in the property sector, and stimulate both local and national economic growth.

The Corporate Marketing Director of PT Agung Podomoro Land Tbk., explained that with extensive experience in the property industry, Agung Podomoro can effectively capture market opportunities. This is evident from the high interest in their property products in East Kalimantan.

Agung Podomoro Presents Move-in Ready Homes in Balikpapan and Samarinda

Agung Podomoro has had these projects in place long before the government decided to relocate the capital from Jakarta to IKN. Now, it's time for Agung Podomoro's projects in eastern Indonesia to shine, as they may have previously been overlooked while the market and investors focused on Java, especially Jabodetabek.

With the grand celebration planned for August 17, 2024, at IKN, this marks a new historical milestone for Indonesia in recognizing the vast potential of Eastern Indonesia.

Agung Podomoro already has ready-to-move-in projects, not starting new ones. These move-in-ready homes can be a profitable investment due to their proximity to IKN.

As the nation’s capital, cities surrounding it will also experience significant growth, as seen in other countries worldwide. Entrepreneurs, business people, and all stakeholders will be keen to be near IKN.

Agung Podomoro, as the most prepared developer to meet this challenge, has two major projects in Balikpapan and Samarinda. Agung Podomoro is ready to provide solutions to this urgent need, especially with government incentives available for entrepreneurs looking to invest in Balikpapan and Samarinda.

For IKN to be fully operational with all its supporting resources, it will take considerable time. Meanwhile, the supporting cities of IKN, like Balikpapan and Samarinda, already have complete life-supporting facilities.

Therefore, the government, entrepreneurs, and business people involved with IKN will need Balikpapan and Samarinda as their business bases. In addition to functioning as business hubs, these cities also offer a lifestyle and living environment that makes it comfortable to live and work near IKN.

Agung Podomoro has established projects in these two IKN supporting cities, confident that although people will work in IKN, they will seek shopping, entertainment, relaxation, and other amenities in these two cities. Agung Podomoro has everything needed by those who will live in IKN.

Agung Podomoro Supports IKN Development

Agung Podomoro hopes its property projects will not only accelerate economic growth but also improve the quality of life in East Kalimantan. Thus, Agung Podomoro supports the development of a modern and globally competitive IKN.

Anticipating the increasing population in IKN and surrounding cities, Agung Podomoro sees this as a potential market and an instant solution for housing and business needs for entrepreneurs starting at the gateway to IKN.

As a player in the property sector, Agung Podomoro believes that the development of IKN will have positive economic, social, and cultural effects, such as job creation, increased demand for raw materials, and infrastructure development.

Responding to the need for high-quality housing in East Kalimantan, Agung Podomoro continues to develop sustainable and innovative existing property projects in the two IKN supporting cities. Agung Podomoro also provides various financing conveniences through collaborations with banks and government incentives to make it easier for the public to access Agung Podomoro's property products.

Strategic Housing Solutions Near IKN

Agung Podomoro has developed two property projects in East Kalimantan ready for buyers to move in. The massive migration from Java to Kalimantan, driven by IKN development, is a strong magnet for entrepreneurs and businesspeople from all over Indonesia. This situation is expected to increase demand for Agung Podomoro's property products in East Kalimantan, particularly in IKN supporting cities like Balikpapan and Samarinda.

Based on Consolidated Population Data (DKB) from the Directorate General of Population and Civil Registration, Balikpapan's population has increased by about 1.4 percent annually since the IKN location was determined. With the growing population and economy in tandem with the accelerated development of IKN, Agung Podomoro continues to develop adaptive and innovative property projects to meet market needs.

Projects such as Borneo Bay City Balikpapan with its superblock concept and The Premiere Hills in Samarinda, an exclusive landed house community, offer immediate move-in convenience for buyers. These projects are strategically located at the gateway to IKN, increasingly attractive to consumers and potential investors. The development of infrastructure and exclusive, comprehensive facilities will support a modern, elegant, and sophisticated lifestyle, enhancing value and customer satisfaction.

Borneo Bay City Balikpapan and The Premiere Hills Samarinda are the best property investment choices in East Kalimantan. These projects meet housing needs during the initial stages of IKN development when facilities are still limited. This is a golden opportunity to own move-in-ready homes that welcome IKN's growth. Investing in these projects not only promises long-term financial gains but also provides exceptional living satisfaction for residents.

Agung Podomoro also offers attractive promotions for purchasing units in Borneo Bay City Balikpapan, including an 11% VAT subsidy and a 2-year rental guarantee with fully furnished units as a down payment of IDR 121 million.

East Kalimantan offers a bright prospect for property investment with IKN. Agung Podomoro has taken a step forward by developing prestigious projects before IKN began.

Agung Podomoro has demonstrated forward-thinking business vision and expertise in identifying the best potential in Indonesia, particularly in Balikpapan and Samarinda as IKN supporting cities. This has driven property prices up with rapid economic growth in Kalimantan.

Although IKN is still under construction, East Kalimantan's significant economic growth exceeds the average, increasing the property investment opportunities. Government support for the property sector, including incentives like VAT borne by the government until the end of December 2024, makes it easier for people to own their dream homes.

Moreover, East Kalimantan is predicted to become an economic growth center attracting many businesses to invest here. With Agung Podomoro’s projects already established in Balikpapan and Samarinda, this will be a major attraction for potential investors in the future.

This makes Agung Podomoro a property developer that not only builds but also prioritizes the quality and maintenance of its properties. This capability provides significant benefits to investors.

Want to own a move-in-ready home in an IKN supporting city? Visit booking.agungpodomoro.com for information on the properties you want to own!