Comfortable Living in the City Mandiri
Real Estate May 30th, 2010

Need someone to the house always grow every year. Speed is often faster than the supply, let alone the more limited housing land, particularly in the middle of town.
If looking for a lot of land in the suburbs, developers are also not easy to find land that fits with access to the site to consider. Luckily for developers who are more used to capitalize the land area. Because, with the capital, developers can more easily to make a big plan (masterplan) developing into an independent town.
The concept of independent cities are not much in Indonesia. One of the pioneering BSD City. Regions in Serpong, Tangerang, it started to develop since 1984 with a total area of 6600 hectares. Currently, new construction until the first phase with an approximate area of 1500 hectares of land, of the three planned phases.
Success with this concept, other developers trying to develop a similar concept. One of them Lippo Group in Karawaci, Tangerang, Deltamas City, Region Jababeka, Citra Raya, and Jakarta Garden City. There are also several projects outside Jakarta, such as Citraland, Surabaya.
Building with a large independent city until thousands of hectares of land is needed funds are not little. Therefore, developers often build gradually. Capital base is the developer of land acquisition cost is relatively inexpensive. Therefore, the release usually has far-distant day, although the new building later.
The role of government
Despite large capital needs, armed with vast land, the developer can get around by holding investors to specific projects. “We can not possibly provide all funding needs. We can embrace the investor for the development of each project, “said Lilly Tjahnadi, Deputy Director of Marketing and Business Development Commercial Duta Pertiwi.
Currently, Duta Pertiwi has two independent cities, namely in BSD City Tangerang and Cikarang Deltamas City. Because of the extent of land, the development of independent city did not escape the role of government.
“Keep government involvement because of his business is more difficult,” said Aaron Hajadi, Ciputra Group Managing Director. In addition, independent cities were usually must rely first on the nearest town which was already there. “If suddenly built far from the city, would be difficult,” he added.
However, with limitations such as the current housing land, the developer who has an independent city will come forward. Along with the evolving project, the value of land and buildings also rose.
In BSD City, for example, land prices in 2004 was about Rp 750,000 per meter square and the buildings around Rp 2 million per square meter. This year, land prices have reached USD 2.7 million per square meter and the price of the building has reached 3.2 million per square meter.
Ali Tranghada Property analyst estimates that, in the future, with various amenities, the city would own more consumer interest. “Without an integrated facility, the consumer would not choose the region,” he said.
All facilities within the complex are met
An area called independent if the city meets certain criteria. For example, the area at least 1000 hectares. In addition, the development of the region also apply the concept of integrated and contribute to the development of the area elsewhere.
Development of independent city was able to encourage economic growth for the surrounding region. For example, employment and community economic development. “One size, the price of land around the area come up,” said Aaron Hajadi, Ciputra Group Managing Director.
Moreover, the real advantage is an independent city has full facilities of a city proper. Ranging from public facilities, offices, business and trade center, and entertainment centers. “All full facilities. Daily needs to start to work, “said Idham Muchlis, Senior Manager Corporate Communications BSD City.
With various facilities, the needs of the residents in the area are met. According to property analysts Tranghada Ali, one of the growth stimulus is independent of the development of business and trade sectors. “From a natural process, accelerating developers to grow rapidly,” he said.
Various facilities that directly benefit the consumers and investors who buy projects in the city independently. Because, as the development of the region, the sale price of land and buildings in the region will also increase.
As a result, as an investment vehicle, buying a house in the city would be more profitable independent than the new complex which is still minimal facilities. Although quite profitable, but not easy to develop an independent city quickly. “One problem is the widespread availability of land with a more affordable cost,” said Aaron





