Superblock Ready to Occupy in Balikpapan Only 40 Minutes to IKN Nusantara

July 25, 2024

Agung Podomoro Land presents one of its masterpieces, the Borneo Bay City Apartment which is ready to live in with a super strategic location in SCBD Balikpapan. Borneo Bay City offers easy access to various important facilities. From this location, you can quickly reach the capital city of the archipelago (IKN), the international airport and the port.

Living in this Balikpapan apartment provides comfort and tranquility with a Seafront Living concept that faces directly onto the stunning sea view. Experience the beauty of living in a modern apartment surrounded by natural beauty and world-class facilities, only in Borneo Bay City.

Balikpapan Becomes Strategic City Near IKN

In its plan, the government will move residents to IKN, starting with the transfer of State Civil Apparatus (ASN). But later around two million people will also live in IKN including Ministries, state institutions, and so on.

This transfer not only includes ASN and Ministries, but also attracts various important elements from Jakarta to IKN, including national entrepreneurs, representatives of friendly countries, and corporate businesses. With this move, the need for housing and business premises around IKN has increased sharply.

The two cities predicted to experience the greatest positive impact from this population shift are Balikpapan and Samarinda. These two cities can become home and business bases for many people interested in IKN.

For example, apartments in Balikpapan and landed houses in Samarinda could be housing options. Meanwhile, the shophouses in Balikpapan can become business bases with seafront shop houses that have views of the open sea.

This massive migration to Balikpapan and Samarinda has triggered a need for housing which can be immediately addressed with projects such as Borneo Bay City in Balikpapan and The Premiere Hills in Samarinda. These areas are ready to welcome newcomers with well-built infrastructure.

Foreign oil companies, most of which come from America, have long used Balikpapan as their base of operations. This makes the standard of living in Balikpapan follow international standards, a clean city, with low pollution, and ready infrastructure. It is not surprising that expatriates who want to be close to IKN will choose Balikpapan as their place to live.

With a city plan that has been well designed from the start, it is believed that Balikpapan will experience rapid development with the presence of IKN. This is a great opportunity for Balikpapan and Samarinda to develop further and become new centers of economic growth in Indonesia.

One clear example is Hyundai Corporation which chose to live in Borneo Bay City, occupying around 300 apartment units for their employees. Hyundai chose Borneo Bay Residence for several strategic reasons. First, its strategic location close to IKN makes it an ideal choice.

Second, the lifestyle at Borneo Bay Residence is guaranteed with facilities that meet international living standards. Security is also an important factor, and Borneo Bay Residence manages to meet these expectations, making it a top choice for expats.

The presence of Hyundai Corporation in Borneo Bay City shows that this project has succeeded in attracting international attention. This is proof that the infrastructure and facilities offered are in accordance with the needs and living standards of expatriates. This phenomenon also shows the potential for Balikpapan to develop further as a new center of economic growth that attracts the interest of foreign companies.

Borneo Bay City Superblock Ready to Live in Balikpapan

The IKN development project is scheduled to last until 2045. Currently, this project is still at a very early stage. However, many business players are interested in the potential offered by IKN.

The question is, where will they live? Will they stay at IKN now? Of course not, because IKN is still in the development stage. As a result, buffer cities such as Balikpapan have become the main choice for them as a place to live so they are closer to IKN.

Large projects such as Borneo Bay City in Balikpapan presented by Agung Podomoro are ready, this is a strategic home and business base option, which only takes 40 minutes to IKN. Borneo Bay City offers housing that is ready to move in and can be used as a temporary residence for business people and investors who want to monitor IKN developments closely.

It is clear that IKN will become the center of economic growth which will have a positive impact on the surrounding cities. Agung Podomoro has moved quickly by presenting projects such as Borneo Bay City in Balikpapan. Apartments in Borneo Bay are even ready to live in and get a rental guarantee.

Balikpapan itself has experienced rapid growth. Many investors are interested in IKN development and immediately buy property as an investment. Business people operating in Balikpapan are also starting to have difficulty finding hotels due to high demand, indicating very good economic growth.

Population growth in Balikpapan has also increased rapidly since the government announced IKN as the new capital. From January to March 2024 alone, the population increased by 4,600 people. In total since 2021, population growth has reached around 60,000 people, with a growth rate of around 1.4% every month.

New residents come from all over Indonesia, as can be seen from the increasing number of flights to Balikpapan from various big cities such as Jakarta, Solo, Medan and Surabaya. All this indicates that Balikpapan is now a very attractive and sexy city.

With all these developments, the future of IKN and its supporting cities looks very bright. Challenges remain, but the opportunities offered by these development projects cannot be ignored. For business people and investors, this is the right time to take strategic steps and be part of this big transformation.

Agung Podomoro Offers Attractive Investment in Balikpapan

Agung Podomoro not only offers apartments in Balikpapan that are ready to move in, but also a limited number of shophouses. These shophouses measure 6x15 meters with three floors, ideal for various types of business. This huge potential is driven by the population living in Borneo Bay City, where there are three towers above the mall with a total of 1,220 apartment units. However, only around 15% of these units are still available, indicating high demand.

Prospective buyers must act quickly to get an apartment unit in Borneo Bay City. With limited units and high interest, waiting too long could mean missing out on this golden opportunity. Moreover, with the government subsidy program ending in June, buyers can enjoy very profitable incentives.

The government subsidy program provides additional benefits in the form of VAT exemption of 11%. This means, for every property purchase, buyers can save quite a lot of money. For example, if someone buys an apartment for IDR 1.1 billion, they will get a rental guarantee discount of IDR 121 million for two years. Plus savings from VAT subsidies of 11%. So, if you do the math, the final price you have to pay becomes very affordable.

This price is very attractive for potential buyers, considering the facilities and strategic location offered by Borneo Bay City. With rapid economic growth around IKN, property in this area is certain to continue to increase in value.

Interested in owning a residence or shophouse in the Borneo Bay City superblock? Please visit booking.agungpodomoro.com to get more complete information regarding the property you are buying.