Financial Feasibility Analysis of Housing Development (Case Study : Padaelo Regency Housing in Maros Regency)

Abstract

There are 4 (four) methods used in reviewing this financial feasibility study, namely the NPV (Net Present Value), IRR (Internal Rate of Return), BCR (Benefit Cost Ratio), and PP (Payback Period) methods. In the calculation of financial feasibility in Padaelo Regency housing, which is 100% own capital. With an interest rate of 9%. The result of the NPV calculation is IDR 19,530,155,722. Thus the project is feasible because the NPV (Net Present Value) is of positive value. In terms of the interest rate limit offered by the IRR method is 21.31%, thus this project is feasible, because the interest rate offered is more than a discount factor, while in terms of the comparison of the value offered with the BCR method is 1.73, thus this project is feasible because the IRR > 1. Judging from the results of the calculation of the payback period required by the developer to obtain profits with a payback period of 10 years is acceptable because the mass of the return time is 4 years and 9 months.