Investment Feasibility Analysis: A Case Study of Ciputra Group Property Company Using the Cost–Benefit Analysis Method

Authors

  • Risqi’a Shauma Salsabiilla Institut Teknologi Kalimantan
  • Adnan Oktar Institut Teknologi Kalimantan
  • Febri Rahmawati Institut Teknologi Kalimantan
  • Muh Ikhsan Alif. S Institut Teknologi Kalimantan

DOI:

https://doi.org/10.35718/specta.v9i3.8481355

Keywords:

BCR, Ciputra Group, Feasibility Analysis, IRR, NPV

Abstract

The purpose of this study is to analyze the investment feasibility of Ciputra Group real estate projects using Cost-Benefit Analysis (CBA). Secondary data in the form of financial statements of Ciputra Development Tbk from 2005-2023 were used with the analysis tools of Net Present Value (NPV), Internal Rate of Return (IRR), and Benefit Cost Ratio (BCR). The project is assumed to have a four-year investment period (2020-2023). The analysis results show that the project is worth investing with a positive NPV of IDR5.37 trillion, an IRR of 3.4512% which is higher than the discount rate of 3%, and a BCR of 1.22. In addition, a sensitivity analysis was conducted to measure how changes in assumptions affect the results. The findings recommend investing in Ciputra Group's real estate projects as they have the potential to provide significant economic benefits to the company.

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Published

2025-12-31

How to Cite

Shauma Salsabiilla, R., Oktar, A., Rahmawati, F., & Alif. S, M. I. (2025). Investment Feasibility Analysis: A Case Study of Ciputra Group Property Company Using the Cost–Benefit Analysis Method. SPECTA Journal of Technology, 9(3), 229–237. https://doi.org/10.35718/specta.v9i3.8481355

Issue

Vol. 9 No. 3 (2025): Specta Journal of Technology

Section

Articles

License

Copyright (c) 2025 Risqi’a Shauma Salsabiilla, Adnan Oktar, Febri Rahmawati, Muh Ikhsan Alif. S

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This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Attribution-NoDerivs 4.0 Generic(CC BY-ND 4.0) that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

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