PT Agung Podomoro Land Tbk (APLN) demonstrates its readiness to welcome new patterns and population migration to East Kalimantan by developing Borneo Bay Residences in Balikpapan and The Premiere Hills in Samarinda.
These two areas are expected to be solutions for housing and property investment needs, especially in anticipation of the arrival of the Nusantara Capital City (IKN).
Agung Podomoro's Corporate Marketing Director, Agung Wirajaya, stated that APLN is committed to making a significant contribution to property development in Balikpapan and Samarinda, which is expected to support regional economic progress in line with new social trends following the establishment of IKN.
'The increasing investment momentum around the IKN area demonstrates the strategic role of the property sector in attracting investors and driving economic growth in East Kalimantan. The development of IKN has attracted many entrepreneurs and businesspeople in Indonesia to invest in East Kalimantan, including in the IKN buffer cities such as Balikpapan and Samarinda,' said Agung in a press release on Sunday (August 18).
Agung stated that the company is committed to being the most prepared developer to meet the needs of workers, businesspeople, and entrepreneurs who will migrate to East Kalimantan.
APLN itself sees a very positive economic trend along with the initial stages of IKN development, where there will be a population shift to this area, creating a need for housing.
For information, data from the East Kalimantan Provincial Investment and One-Stop Integrated Services Agency (DPMPTSP) shows that investment realization in the first quarter of 2024 reached 22.01%, or IDR 16.73 trillion, an increase of 7.84% compared to the first quarter of 2023."
