Green Ice Cyber Block Proposal English

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GREEN ICE CYBER BLOCK PT CYBER PROPERTY INDONESIA 2013

Green Ice Cyber Block

smart living for smart people

Apartment Proposal Investment Opportunity

Bandung, Indonesia

PT CYBER PROPERTY INDONESIA

2013

1


Executive Summary

Project Name : Green Ice Cyber Block

Location : Jalan Raya Jatinangor Kabupaten Sumedang (Bandung border)

Land Size : 10.000 M2 (10 Hectare)

Land Status : SHM or Private Owned Land

Building usage : Integrated Building (Apartment of 6,000 rooms, Supermall Trade Centre, University, International Hospital, Hotel, Water Boom)

Cyber Green Ice Block is a residential concept with the principle of "smart living for smart

people" that is integrated with the Supermall, Korean Polytechnic University, International

Hospitals, hotels, and Water Boom amusement park. Very strategic location very close to

the toll road exit of Cileunyi and it is located among major universities such as UNPAD, ITB,

STPDN, IKOPIN in the special education area of Jatinangor, Cyber Block is also located in the

hub that connects some city such as Bandung, Garut and Sumedang that have the potential

high economic growth with the upcoming prospect development for highway construction

Cisundawu. So in addition to residential concept, cyber block also offers integrated building

concepts which will be built hospitals, malls, universities and hotels.

INSIDE THIS PROPOSAL

Executive Summary 1

Market Prospect 2

Market Share 3

Support Team 4

Operator 4

Organization Structure 4

Investment Summary 6

Financial Projection 7

Design 11

Location 13

2


Market Prospect

The main target market is the members of faculty, students and their parents of students

around the site such as STPDN, UNPAD, IKOPIN and ITB with a total student population of

50,000 people, with a growth of 7% per year on the open market with 11,200 potential

buyers of new residential units per year.

The second segment is local and regional professional investors who have a growth rate of

4% per year and some 3,000 potential investors based on sales data from the apartments in

the area around the apartment namely Pinewood apartments and Easton park which have

already sold out with a successful rate and oversubscribed. The final segment is common

buyers who have a growth rate of 5% or 6,000 potential buyers.

Investors and buyers can generally perform an apartment rental contracts to the public or

students since students in Jatinangor area always need shelters, so that investors and

buyers will generally get guaranteed revenue coming from leased rentals of furnished

apartments for students.

3


Market Share

A. University Students

- UNPAD (42.000 students)

- Ikopin (1.800 students)

- IPDN/STPDN (6.000 students)

- ITB (500 students)

B. Total number of university students estimated 50.000 persons with the potential

market of 20% or 10.000 persons

C. The addition of new students per year is minimum 6.000 to 10.000 persons

D. Investors and public

4


Support Team

Planning Team : Ridwan Kamil Architecture

Construction Management : NU Art

Project Management : PT LAPI ITB

Marketing Team : Platinum, Artella Gracia (The Suite, Newton, Pinewood Apartment)

Main Constructor : Wijaya Karya/Waskita Karya (on negotiation process)

Developer : PT Cyber Property Indonesia (CPI)

Operator

Company Name : PT Cyber Property Indonesia (Private Company)

Adress : Jl Citarum no 32 Bandung

Organization Structure

President Commissioner : H Jully Sudrajat

Chairman : Ir. H. Bambang Irawan

Managing Director : Ir. H. Deni R Somantri

Financial Director : Erman A Sumirat, MBA

Marketing and Sales Director : Dra. Dewi A S

Operational Director : Ir. Ganis A Pribadhi

5


Investment Executive Summary (in Indonesian Rupiah (IDR))

1 Project Green Ice Cyber Block

2 Location Jatinangor

3 Project Duration 36 months

4 Unit Number 6.000 units

5 Net Sales 1,023,387,500,000

6 Cost of Apartment Sold 771,000,000,000

7 Gross Profit 252,387,500,000

8 Pre & Operational Cost 77,407,500,000

9 Earning Before Interest and Taxes 174,980,000,000

10 Banking Cost 31,500,000,000

11 Net Income 143,480,000,000

12 Capital 87,004,250,000

13 Profit Sharing

Investor 50 % 71,740,000,000

Operator 50 % 71,740,000,000

14 Return on Equity 82.46%

15 ROE/month 2.29%

16 Net income including excess land 236,980,000,000

17 Profit Sharing

Investor 50 % 118,490,000,000

Operator 50 % 118,490,000,000

18 ROE 136.19%

19 ROE/Month 3.78%

6


Total capital required is the sum of IDR 87,004,250,000. However, capital

requirements can be reduced to IDR 33,000,000,000 and it keeps the project

could certainly run.

Start up Capital 110,000,000,000.00 30.00%

33,000,000,000.00

Down payment for Land

25,000,000,000.00

Legal Permit

3,000,000,000.00

Operational

2,000,000,000.00

Bank Guarantee

3,000,000,000.00

Sum Total initial Capital

33,000,000,000.00

Bank Guarantee then used as a collateral to the main contractor for the construction phase

of the apartment, then the cost of land acquisition, permits and other fees and the rest of the

other cost will use the cash flow from the sale of the apartment through Apartment

Ownership Loan scheme (KPA). So cash inflow sales with KPA scheme will cover the costs

for the project. Investor funds are prioritized for allocation Down Payment of Land

acquisition, legal and government permit costs, including operating costs of marketing and

promotion as well as to provide bank guarantee for the main contractor.

7


Green Ice Cyber Block Projects 36 Months Income Projection (in Indonesian Rupiah)

No Items Volume Measurement Unit Price Total Price

I Sales

1 Apartment sales stage I 1,000 Unit 150,000,000.00

150,000,000,000.00

2 Apartment sales stage II 1,000 Unit 157,500,000.00

157,500,000,000.00

3 Apartment sales stage III 3,000 Unit 173,250,000.00

519,750,000,000.00

4 Premium Apartment sales 1,000 Unit 250,000,000.00

250,000,000,000.00

Total Sales 1,077,250,000,000.00

II VAT Tax 5% 1,077,250,000,000.00

53,862,500,000.00

VAT

Net Sales Amount 1,023,387,500,000.00

III Cost of Apartment Sold

1 Planning and Basic Design 1 ls 5,000,000,000.00

5,000,000,000.00

2 Land Acquisition 100,000 m2 1,100,000.00 110,000,000,000.00

3 Ownership tax 5% 110,000,000,000.00

5,500,000,000.00

4 Land and Building Tax 5% 110,000,000,000.00

5,500,000,000.00

5 Construction cost 150,000 m2 4,200,000.00 630,000,000,000.00

6 Legal 1 15,000,000,000.00

15,000,000,000.00

Cost of Apartment Sold 771,000,000,000.00

Gross Profit 252,387,500,000.00

8


No Items Volume Measurement Unit Price Total Price

IV Pre Operational Cost 1 ls 2,000,000,000.00

2,000,000,000.00

V Marketing Cost

Marketing Cost

Promotion 1% 1,077,250,000,000.00

10,772,500,000.00

Marketing Fee 2% 1,077,250,000,000.00

21,545,000,000.00

Management Cost 4% 1,077,250,000,000.00

43,090,000,000.00

Operational Cost 75,407,500,000.00

Pre & Operational Cost 77,407,500,000.00

Earning before interest and taxes 174,980,000,000.00

VI Banking Cost

Provision Cost, Administration 5% 630,000,000,000.00

31,500,000,000.00

Net Profit 143,480,000,000.00

Notes

1 Total Land Clearing 100,000 m2 2 Land for Apartment Building 15,000 m2

Excess of Land 85,000 m2

3 Net Income calculation

Earning After Tax

143,480,000,000.00

Land Asset 85,000

1,100,000.00

93,500,000,000.00

Value

236,980,000,000.00

4 Apartment price in this calculation is under minimum conservative assumption

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5 Land Acquisition in total 100,000 m2

Land Usage

Land which will be built 50%

Social and General Facility 50%

Apartment 15,000 m2

Supermall Trade Centre 10,000 m2

Korean Polytechnic University 2,000 m2

International Hospital 3,000 m2

Hotel 2,000 m2

Water Boom 18,000 m2

Total 50,000 m2

6 Projection

Cost of Apartment Sold

Planning 30% 5,000,000,000.00

1,500,000,000.00

Land acquisition 50% 110,000,000,000.00

55,000,000,000.00

Trading Act 50% 5,500,000,000.00

2,750,000,000.00

Land and Building tax 50% 5,500,000,000.00

2,750,000,000.00

Permit 60% 15,000,000,000.00

9,000,000,000.00

Amount 71,000,000,000.00

Pre Operational cost 100% 2,000,000,000.00

2,000,000,000.00

Marketing and Promotion cost 30% 10,772,500,000.00

3,231,750,000.00

Operational Management cost 25% 43,090,000,000.00

10,772,500,000.00

Start Up Capital 87,004,250,000.00

Net Income (including land value) 236,980,000,000.00

Land Asset 93,500,000,000.00

Net Income 143,480,000,000.00

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7 Return on capital 143,480,000,000.00

87,004,250,000.00 165%

8 Net Income for profit sharing

Investor 50% 143,480,000,000.00

71,740,000,000.00

Operator 50% 143,480,000,000.00

71,740,000,000.00

9 % Investor net income/capital 71,740,000,000.00

87,004,250,000.00 82%

10 % monthly return on capital 82%

36.00 2.29%

11 % Net income including land value 236,980,000,000.00

87,004,250,000.00 272%

12 Net Income distribution

Investor 50% 236,980,000,000.00

118,490,000,000.00

Operator 50% 236,980,000,000.00

118,490,000,000.00

13 % Investor net income/capital 118,490,000,000.00

87,004,250,000.00 136%

14 Net income/capital per month 136%

36.00 3.78%

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Design

12


13


Location

Documents

Green Ice Cyber Block Proposal English