- Vol 4, No 1 (2017)
LAND PRICE MAPPING OF JABODETABEK, INDONESIA
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Land provision is one of the biggest challenges for development in urban area. Most of the available urban land will be the object of speculation to be resold at a higher price when the time is right. In Jabodetabek, where the pace of urban development is faster than other parts of Indonesia, the prices of land are showing an abnormal increases; they seem to rise too fast. This paper discussing the increasing land prices in Jabodetabek area and argues that the increasing land price has encourages the private developer to bank the land in the area. Based on land price survey in Jabodetabek, urban activity is moving to south Jakarta. Parallel with the hypothesis, land price increase also trigger land banking practice in Jabodetabek which in total, reached approximately 60% of total area of Jakarta.
land price; isoline map; Jakarta; Jabodetabek
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