Balikpapan Profitable Supporting Cities for IKN

July 25, 2024

Agung Podomoro Land presents strategic projects in the supporting citiy of the Indonesian Capital City (IKN). The main project is Borneo Bay City in Balikpapan that is not a new project, but ready to be occupied and used as promising investments.

The presence of IKN in East Kalimantan has had a positive impact on the growth of surrounding cities, including Balikpapan. Like other national capitals around the world, IKN supporting cities have the potential to experience significant growth. Entrepreneurs, business people and investors need strategic housing near IKN before the builders of this new capital city have adequate infrastructure.

Agung Podomoro Land, with one large project in Balikpapan, is ready to welcome and provide solutions to the great needs that arise as a result of the relocation of this capital city. Borneo Bay City offer profitable investments for home and business bases.

The Agung Podomoro Project is Present in IKN as Supporting City

The process of building a complete and operational capital city with all supporting resources takes quite a long time. Moving the capital from Jakarta to East Kalimantan is a big step that requires support from surrounding cities, such as Balikpapan. This city already has complete supporting infrastructure and ready to become business and residential base for those who will carry out activities in IKN.

Balikpapan currently have adequate facilities to support a comfortable lifestyle for entrepreneurs, government officials and the general public who will move to IKN. The presence of the Agung Podomoro Land project in this city further strengthens confidence that the need for housing and business premises around IKN can be met.

Those who work at IKN will most likely look for entertainment, shopping, or find places to relax in Balikpapan. Thus, this city will become important centers of economic and social activity.

One aspect that many people are not aware of is that population movement to IKN does not only involve the State Civil Employees (ASN), but also the entire business and government ecosystem. It is estimated that around two million people will live in IKN, including ministries, state institutions, etc.

When business and government centers move, national and international entrepreneurs as well as representatives of friendly countries will follow, creating a great need for housing and business premises around IKN. This condition makes Balikpapan the main options, considering that Balikpapan is IKN support city.

This population increase of course has an impact on the need for ready-to-move-in housing, and projects such as Borneo Bay City in Balikpapan is the right solution. The location is close to IKN and has complete facilities making this project a choice for residential or business bases.

It should be noted that the oil companies entering Balikpapan are foreign companies, most of which were originally American companies. Their presence brings a high standard of living. Therefore, when expatriates want to be close to IKN, they will most likely choose Balikpapan as a place to live.

Balikpapan is known as the cleanest city in Indonesia with very low pollution levels. The city's infrastructure is also very well prepared, with clear and orderly city planning from the start. With the presence of IKN, Balikpapan City will continue to develop and become the center of new economic growth in Indonesia.

Borneo Bay City

Agung Podomoro Land, has taken strategic steps by presenting large projects in Balikpapan, right before the announcement of the move of the new capital to East Kalimantan. With the launch of the Borneo Bay City apartment project in Balikpapan, Agung Podomoro Land has proven his forward vision in anticipating rapid growth in this area.

The Borneo Bay City apartment project is located in a strategic location in SCBD Balikpapan, this superblock offers very promising prospects. With its strategic location, residents can easily access various important places such as the new capital city, international airport and port in a short time.

Living in this Balikpapan apartment provides a comfortable and calm residential experience with a Seafront Living concept that offers stunning sea views. The rental guarantee program provided in the amount of IDR 121 million for two years for the 1 bedroom type is also very attractive.

News of the IKN transfer has become a hot issue and has attracted the interest of many investors. Many of them bought apartment units in Borneo Bay City as investments, while others used them for business purposes in Balikpapan.

Even the interest of foreign investors in the Agung Podomoro Land project is also clearly visible. Hyundai Corporation, for example, has placed around 300 apartment units in Borneo Bay City for their employees. Strategic location, complete facilities and high security guarantees make Borneo Bay City the main choice for them.

The rapid population growth in Balikpapan, with the addition of more than 60,000 people from 2021 to early 2024, shows the great potential of this area. The increase in the number of direct flights to Balikpapan from various cities in Indonesia is another indicator of this rapid growth.

Attractive Investment with Various Benefits

Agung Podomoro offers various types of properties to suit investors' needs and preferences. In Balikpapan, strategic and exclusive apartments and shophouses are available, with shophouses facing the sea being one of the most sought after.

This project offer various benefits, including a government subsidy program that ends in June 2024. With the 11% VAT incentive provided by the government, investing in Agung Podomoro Land properties becomes even more attractive and affordable.

IKN's location that is near Balikpapan makes this city the main gateway to the new capital. With toll access that only takes 40 minutes from Balikpapan to IKN, this area has great potential to develop rapidly. And making the Borneo Bay City project a profitable investment.

With large project in Balikpapan, Agung Podomoro Land has taken a step forward in anticipating rapid development in the IKN area. Investing in Agung Podomoro Land property offers various attractive benefits, from rental guarantee programs to VAT subsidies. The strategic location and high interest from investors, both local and foreign, make this project a smart and promising investment choice.

Interested in owning property in Borneo Bay City? Please go directly to booking.agungpodomoro.com to find out more complete information!