ANALISIS INVESTASI PADA PEMBANGUNAN PERUMAHAN JOGJA ECO WISATA
DOI:
https://doi.org/10.61722/jaem.v1i3.2326Keywords:
Worthiness, NPV, IRR, BCR, Payback period,ROI,ROE).Abstract
The Upala Villa Kedaton complex at Jogja Eco Wisata is meticulously designed to offer world-class comfort, featuring a Balinese home concept. Upala Villa Kedaton Jogja Eco Wisata is intended to become a new destination for shopping, education, culinary experiences, and recreation. The location is at Jl. Bulus II, Candibinangun, Pakem District, Sleman Regency, Special Region of Yogyakarta 55582. After collecting all the necessary data, it was organized and analyzed using various calculations according to standard formulas. These calculations included NPV (Net Present Value), IRR (Internal Rate of Return), BCR (Benefit Cost Ratio), PP (Payback Period), ROI (Return on Investment), and ROE (Return on Equity) to determine the project's feasibility. The analysis results yielded an NPV (Net Present Value) of 207.88 billion Rupiah. The IRR (Internal Rate of Return) was 30.11%, which is higher than the MARR (Minimum Attractive Rate of Return) of 15%. The BCR (Benefit Cost Ratio) was 1.2584, indicating that the ratio of income to expenditure is greater than 1, making it viable. The Payback Period was calculated to be 1.017 years, or approximately 12.2 months, or 366 days, meaning investors can expect to recover their money in that timeframe. The Return on Investment was 15.32%, and the Return on Equity was 39.65%. From these calculations, we can conclude that the Upala Villa Kedaton Jogja Eco Wisata housing project is a viable investment. This conclusion is based on the positive NPV of 207.88 billion Rupiah, an IRR of 30.11% which is higher than the initial MARR of 15%, a Benefit Cost Ratio of more than 1 at 1.2584, a Return on Investment of 15.32%, and a Return on Equity of 39.65%.
References
Campbell, S. (1996). Green Cities, Growing Cities, Just Cities? Urban Planning and the Contradictions of Sustainable Development. Journal of the American Planning Association, 62(3), 296-312.
Gittinger, J. P. (1982). Economic Analysis of Agricultural Projects. Baltimore: Johns Hopkins University Press.
Handayani, W., Wahyuni, S., & Nugraha, R. (2015). Faktor-faktor yang Mempengaruhi Keputusan Pembelian Rumah di Yogyakarta. Jurnal Manajemen & Bisnis, 14(2), 128-139.
Maulita, D., & Arifin, M. (2018). Pengaruh Return On Investment (ROI) Dan Earning Per Share (EPS) Terhadap Return Saham Syariah (Studi Kasus Pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman Yang Terdaftar Pada Indeks Saham Syariah Indonesia Periode 2012-2016). Jurnal Manajemen Volume 8, Nomor 1, 11.
Nurlia, & Juwari. (2019). Pengaruh Return on Asset, Return on Equity, Earning Per Share Dan Current Ratio Terhadap Harga Saham Pada Perusahaan Sub Sektor Otomotif dan Komponen yang Terdaftar di Bursa Efek Indonesia. Program Studi Manajemen Fakultas Ekonomi Universitas Balikpapan, 77.
Purnatiyo, D. (2014). Analisis Kelayakan Investasi Alat dan Real Time Thermal Cycler (RT-PCR) Untuk Pengujian Gelatin. Jurnal PASTI Volume VIII No 2, 212 – 226, 214-216.
Sururi, I., & Agustapraja, H. R. (2020). Studi Kelayakan Investasi Perumahan Menggunakan Metode Benefit Cost Ratio. Jurnal Teknik, 18(1), 52–61. https://doi.org/10.37031/JT.V18I1.68
Setiawan, A. (2017). Dampak Pembangunan Perumahan Terhadap Ekonomi Lokal di Sleman. Jurnal Ekonomi Pembangunan, 18(1), 54-67.
Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70(1), 65-94.
Suharto, B. (2019). Keberlanjutan Lingkungan dalam Pembangunan Perumahan di Yogyakarta. Jurnal Lingkungan dan Pembangunan, 23(3), 202-215.
Von Thünen, J. H. (1826). Der isolierte Staat in Beziehung auf Landwirtschaft und Nationalökonomie. Hamburg: Friedrich Perthes.
