Analysis of the Effect of Infrastructure Development on Land Prices in Cinere and Beji Districts, Depok City

Cindar Hari Prabowo; Joko Adianto

doi:10.33258/konfrontasi2.v9i4.258

Cindar Hari Prabowo University of Indonesia
Joko Adianto University of Indonesia

DOI: https://doi.org/10.33258/konfrontasi2.v9i4.258

Keywords: development; infrastructure; land prices

Abstract

The surge in housing prices in cities has triggered the emergence of many problems related to urban settlements, starting from the construction of housing that is far from the city center, congestion problems, pollution, to encouraging the occurrence of many informal slum settlements. This causes a shift in settlements to supporting areas, especially Jabodetabek. Residential prices are dominantly influenced by high land prices. Infrastructure development has a major influence on economic growth and the development of an urban area. However, this is not easy to apply in the Depok City area, especially in the Cinere and Beji District areas. Housing development is very rapid but must be followed by the development of facilities and infrastructure. The purpose of this study was to analyze the influence of infrastructure development factors such as road network (accessibility), availability of facilities (transportation network, electricity network, telephone network, clean water network, educational facilities, health facilities) and residential neighborhoods based on the opinions of housing residents on land prices in residential neighborhoods in Depok City, especially in Cinere Dan Beji Districts. The research method used is research using a mixture of quantitative and qualitative methods in stages considering the complexity of the problem. Quantitative methods will be used to look at housing-related data as a basis, then to NJOP analysis as a basis for land prices. The results of this study indicate that in general, the data analysis shows compatibility with the literature that has been done, that land prices are very significantly influenced by the accessibility of the main highway network and the presence of commercial equipment to fulfill needs.

Downloads

Download data is not yet available.

References

Abelson, P., Joyeux, R., Milunovich, G., & Chung, D. (2005). House prices in Australia: 1970 to 2003: Facts and explanations. Retrieved from http://www.econ.mq.edu.au/ research/2005/HousePrices.pdf
Adianto, J., & Gabe, R. T. (2021). Determinants of vacant subsidized house in Greater Metropolitan Jakarta Area, Indonesia. Journal of Housing and the Built Environment, 36(4), 1813–1830. https://doi.org/10.1007/s10901-021-09828-x
AHURI. (2012). Final Report Housing affordability, housing stress and household wellbeing in Australia
Algieri, B. (2013). House price determinants: Fundamentals and underlying factors. Comparative Economic Studies, 55(2), 315–341. https://doi.org/10.1057/ces.2013.3
Anita. J. (2021). Perkembangan Kebijakan Publik dan Program Bidang Perumahan di Indonesia. Jurnal Arsitektur Terracotta, 3(1)
Arestis, P., González, AN. 2013. Pemodelan Pasar Perumahan di Negara-negara OECD.Cambridge: University of Cambridge Press.
Azlan. M.I and Lee, Y. (2022) . Apart Determinants of Housing Prices: Evidence fromMalaysia and Singapore. Asian Journal of Research in Education and Social Sciencese, 3(4): 91-106
Bahmani-Oskooee, M., Ghodsi, H., & Hadzic, M. (2021). On the link between house prices and house permits: Asymmetric evidence from 51 states of the united states of america. International Real Estate Review, 24(3), 323–361. https://doi.org/10.53383/100324
Bangura, M., & Lee, C. L. (2019). The differential geography of housing affordability in Sydney: a disaggregated approach. Australian Geographer, 50(3), 295–313. https://doi.org/10.1080/00049182.2018.1559971
Baum-Snow, N., Pavan, R. 2012. Memahami Kesenjangan Upah Ukuran Kota. Tinjauan Studi Ekonomi 79(1): 88–127.
Barry, J and Jansen, L.J.M. (2015). Project: Cadastre, land registry and mapping (inter)national project results. Publisher: UNECE
Binoy, B. V., Naseer, M. A., & Anil Kumar, P. P. (2022). Factors affecting land value in an Indian city. Journal of Property Research, 39(3), 268–292. https://doi.org/10.1080/09599916.2021.2014937
Bleakley, H., Jeffrey L. 2012. Portage dan Ketergantungan Jalur. Jurnal Ekonomi Triwulanan 127 (2): 587–644.
Brenner, N., Marcuse, P., & Mayer, M. (2012). Cities for People, Not for Profit: Critical Urban Theory and the Right to the City. Cities for People, Not for Profit: Critical Urban Theory and the Right to the City (pp. 1–297). Taylor and Francis. https://doi.org/10.4324/9780203802182
BPS. 2021. Jakarta dalam angka.
Chen et al., 2010; Chen, J., Hao, Q., Stephens, M. 2010. Menilai keterjangkauan perumahan di Cina pasca-reformasi: Sebuah studi kasus Shanghai, Studi Perumahan 25 (6): 877-901.
Chigwenya, A., & Dube, D. (2019). Infrastructure Development and Property Values in Low Income Residential Properties in Bulawayo. International Journal of Built Environment and Scientific Research, 2(2), 131. https://doi.org/10.24853/ijbesr.2.2.131-140
Chinh, N.T., Son, N.P., Manh , L.V., Thuy ,N.T., Vu, T.N., & Hanf, N.T., L, L.P.(2020) Factors that affect land values and the development of land value maps for strengthening policy making in Vietnam: the case study of non-agricultural land in Quang Ninh province, Vietnam. International Journal of Environmental Quality, 36: 23-35.
Chu, Y. (2014). Credit constraints, inelastic supply, and the housing boom. Review of Economic Dynamics, 17(1), 52–69. https://doi.org/10.1016/j.red.2013.06.001
Cohen, V., & Karpavičiūtė, L. (2017). The analysis of the determinants of housing prices. Independent Journal of Management & Production, 8(1), 49–63. https://doi.org/10.14807/ijmp.v8i1.521
Day, B., I. J. Bateman, & I. Lake, 2007, “Beyond Implicit Prices: Recovering Theoretically Consistent and Transferable Values for Noise Avoidance from a Hedonic Property Price Model,” Environment and Resource Economics, 37(,): 211–232.
Dinas Perumahan Rakyat dan Kawasan Permukiman (DPRKP). 2016. Rencana Pembangunan dan Pengembangan Perumahan dan Kawasan Permukiman (RP3KP).
Ebru, C., & Eban, A. (2011). Determinants of house prices in Istanbul: A quantile regression approach. Quality and Quanity, 45, 305–317
Earl. G, Roca. E, Liu. B, Jayawardena. N.I, and Johnson. D. (2017). Housing Affordability Policy and Measures Volume 1: Review of Literature and Choice of An Affordability Measure for Inner Brisbane and Beyond .
Fitzpatrick, T and McQuinn, K. 2004: House prices and mortgage credit: Empirical evidence for Ireland. Research technical paper no. 5/RT/04, Central Bank and Financial Services Authority of Ireland: Dublin
Ginsberg, Y. (2020). Richard Sennett: Building and dwelling: ethics for the city. Journal of Housing and the Built Environment, 35(4), 1321–1322. https://doi.org/10.1007/s10901-020-09759-z
Ha, P. T., Nguyen, T. T., Van Quan, N., & Van Trung, N. (2022). Land Price Regression Model and Land Value Region Map to Support Residential Land Price Management: A Study in Nghe an Province, Vietnam. Real Estate Management and Valuation, 30(1), 71–83. https://doi.org/10.2478/remav-2022-0007
Harvey, D. (2001). Spaces of Capital Towards a Critical Geography. New York, NY: Routledge.
Harvey D (2014) Seventeen Contradictions and the End of Capitalism. Oxford: Oxford University Press
Heinke, G.W. (1997). The Challenge of Urban Growth and Sustainable Development for Asian Cities in the 21st Century. Environ Monit Assess 44: 155–171 https://doi.org/10.1023/A:1005724204846
Iheaturu C J, Okolie C J, Musa S, Ayodele E G & Egogo-Stanley A O (2021). SfM photogrammetry for land use change analysis in a sub-urban area of Nigeria.