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RUSUNAWA INVESTMENT ANALYSIS IN TAMBAK WEDI DISTRICT, KENJERAN DISTRICT, SURABAYA CITY Mawardianto, Hayadi Agus; Nugroho, Laksono Djoko; Muhammadun, Haris
INTERNATIONAL JOURNAL ON ADVANCED TECHNOLOGY, ENGINEERING, AND INFORMATION SYSTEM Vol. 3 No. 1 (2024): FEBRUARY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/ijateis.v3i1.977

Abstract

A total of 5,354 MBR individuals have applied to reside in Rusunawa and have remained on the waiting list until 2022. This has prompted the Surabaya City Government to provide Rusunawa, with one of them located in Tambak Wedi Village, Kenjeran District, Surabaya City. The objective of this research is to assess the viability of investing in the construction of Rusunawa Tambak Wedi from technical, market, and financial perspectives. The research methodology combines quantitative and qualitative approaches, utilizing primary and secondary data obtained previously. The technical feasibility analysis indicates that the construction of Rusunawa is deemed feasible, as it falls under the government's responsibility to address the housing needs of MBR individuals. The analysis considers factors such as the KDB space utilization intensity of 50%, KLB of 8 points, maximum building height of 100 meters, and KDH of > 10%. Furthermore, the market feasibility analysis reveals that 77.7% of the respondents, primarily from the MBR category, have expressed interest in residing in Rusunawa. Additionally, 69.9% of the respondents have stated their willingness to pay rent below Rp. 750,000 per month. Lastly, the financial feasibility analysis demonstrates that the Medium Rate Structure 1, Lower Rate Structure 1, and Lower Rate Structure 2 are considered feasible based on the NPV, IRR, BCR, and PP methods. However, the Medium Rate Structure 2 and Upper Rate Structure are deemed unfeasible.
ANALYSIS OF INVESTMENT SENSITIVITY IN RUSUNAWA TAMBAK WEDI CITY SURABAYA Mawardianto, Hayadi Agus; Laksono Djoko Nugroho; Haris Muhammadun
International Journal Science and Technology Vol. 2 No. 3 (2023): November: International Journal Science and Technology
Publisher : Asosiasi Dosen Muda Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56127/ijst.v2i3.1098

Abstract

Based on the Surabaya City RPJMD for 2021-2026, strategic issues in government affairs in the field of housing and residential areas focus on providing Rusunawa capacity which is not proportional to the number of applicants. To overcome this problem, the Surabaya City Government took the initiative to build Rusunawa Tambak Wedi in the City of Surabaya. This research aims to evaluate the amount of investment receipts and determine the acceptance limits, with the aim of minimizing risks in Rusunawa investment activities. The research results show that the Medium Tariff Structure 1, Lower Tariff Structure 1, and Lower Tariff Structure 2 are considered feasible if analyzed based on the Net Present Value (NPV), Internal Rate of Return (IRR), Benefit Cost Ratio (BCR), and Payback Period methods. (PP) but the Medium Tariff Structure 2 and the Upper Tariff Structure were declared unfeasible if analyzed using the same method. Sensitivity analysis shows that each Rusunawa rental rate structure has a different level of sensitivity to changes in variables, such as residential unit rental rates, management fees, and management fee subsidies provided by the Government.