Site Visit Proyek Pembanginan Rumah di Lampung

Summary

The conversation features a developer named Pak Joko discussing his projects in Lampung, Indonesia, particularly with Dana Pensiun Wika since 2018. They collaborated on four projects, primarily focused on building subsidized houses across 6 hectares, completed despite challenges during the pandemic. The discussion highlights the progression of their projects, challenges faced during COVID-19, and adaptations in their business model, including regulatory changes involving land permits and cooperation terms. The latest project, Sri Mulyo Garden, marks a shift from subsidized to mostly commercial housing. Pak Joko emphasizes the resilience and growth of his business throughout these developments.

Takeaways

• 😊 The conversation involves Pak Joko, a developer from Lampung.
• 🏘️ Pak Joko has been working on housing projects, primarily in Lampung, starting from 2018.
• 🤝 The developer has been collaborating with the Wika pension fund since 2018, completing multiple projects together.
• 📈 They are currently working on their fourth joint project, with the first three projects already completed.
• 🌍 The projects are all located in the same area but are divided into different phases.
• 🛠️ The first three projects cover a total of 6 hectares and involved constructing 550 subsidized housing units.
• 🏗️ The projects were delayed due to the COVID-19 pandemic but have resumed and are now back on track.
• 💰 Despite the challenges, the partnership achieved profitability, with an average net return of over 10%.
• 📑 Initial agreements had land ownership and permits under Pak Joko’s company, but regulations now require them to be under the pension fund’s name.
• 🏡 The latest project, Sri Mulyo Garden, shifts focus to commercial housing instead of fully subsidized units.

Q & A

Who is the primary speaker and what is their profession?

The primary speaker is Pak Joko, who is a developer based in Lampung, Indonesia, working on residential housing projects.

When did Pak Joko start collaborating with Wika's pension fund?

Pak Joko began collaborating with the Wika pension fund in 2018.

How many joint projects have Pak Joko and Wika completed together?

They have completed four projects together, with the first one being in Permai 1, focusing on subsidized housing.

How did the COVID-19 pandemic affect the development projects?

The pandemic caused some delays, particularly around mid-2020, but the projects were extended and eventually recovered without leading to a major halt.

What was the size of the first development project in Sri Mulyo?

The first development in Sri Mulyo covered approximately 2 hectares.

How much land was developed across the first three phases in Sri Mulyo?

Across the first three phases, a total of approximately 6 hectares were developed.

How many residential units were built in the three phases of the Sri Mulyo project?

A total of around 550 units were built across the three phases.

What was the average profit margin expected for these projects?

The expected profit margin was typically above 10%, as estimated by Pak Joko, although the exact numbers from Wika's pension fund were not disclosed.

What changes occurred in terms of land ownership and project permissions over time?

Initially, the land and permissions were under Pak Joko's company. However, due to changes in regulations and guidance from OJK (Financial Services Authority), the land ownership and permissions were transferred to Wika's pension fund.

How did the focus of development shift in the Sri Mulyo Garden project?

The focus of the Sri Mulyo Garden project shifted from fully subsidized housing to a majority of commercial units, although there were still some subsidized homes.