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.

Last week, four investors conducted groundbreaking ceremonies for various facilities in Nusantara Capital City (IKN), East Kalimantan. The groundbreaking was carried out by four investors: PT Intiland Development Tbk through PT Inti Kolaborasi Nusantara, PT Adiwarna Harapan Nusantara, which is developing a mixed-use area; PT Bank Central Asia (BCA) Tbk, which is building an office in Nusantara; PT Hotel Papua Internasional, which will build Swiss-Belhotel Nusantara; and Royal Golden Eagle (RGE) Group, which will construct the Nusantara International Convention Center and Hotel.

The increasing investment momentum around the Nusantara Capital City (IKN) area demonstrates the strategic role of the property sector in attracting investors and driving economic growth in East Kalimantan. The development of IKN attracts entrepreneurs and businesspeople in Indonesia to invest in the East Kalimantan region, including in the supporting cities of IKN, namely Balikpapan and Samarinda.

PT Agung Podomoro Land Tbk (APLN) is responding to the new trend and population migration to East Kalimantan, prompting the company to develop Borneo Bay Residences in Balikpapan and The Premiere Hills in Samarinda. Both areas, which carry the concept of 'Living in Style,' offer solutions for housing and property investment needs, especially in anticipation of the development of IKN. 'Agung Podomoro, as a leading, trusted, and integrated property developer, 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 the new trends in society with the presence of IKN,' explained Agung Wirajaya, Corporate Marketing Director of Agung Podomoro, in an official statement on Sunday (August 18, 2024).