skip to main content

LAND PRICE MAPPING OF JABODETABEK, INDONESIA

*Adisti Madella Elmanisa  -  Bandung Institute of Technology, Indonesia
An An Kartiva  -  Bandung Institute of Technology, Indonesia
Alfaret Fernando  -  Bandung Institute of Technology, Indonesia
Rama Arianto  -  Bandung Institute of Technology, Indonesia
Haryo Winarso  -  Bandung Institute of Technology, Indonesia
Denny Zulkaidi  -  Bandung Institute of Technology, Indonesia

Citation Format:
Abstract
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 show an abnormal increase; they seem to rise too fast. This paper discusses 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. The highest land prices were found at East Kuningan, Setiabudi, and South Jakarta. By constrast, the lowest prices were observed in Sumur Batu and Cimuning (Bantar Gebang, Bekasi).It can be concluded that the land price increase also triggered land banking practice in Jabodetabek reaching in total approximately 60% of total area of Jakarta.
Fulltext View|Download
Keywords: land price; isoline map; Jakarta; Jabodetabek; GIS

Article Metrics:

  1. Alexander, H. B. (2014). ‘Siap-siap... Harga Rumah Bakal Naik Lagi!’, Kompas, 28 October. Available at: http://properti.kompas.com/read/2014/10/28/122852321/Siap-siap.Harga.Rumah.Bakal.Naik.Lagi"> .

  2. Beckert, J. (2011). Where do prices come from? Sociological approaches to price formation. Socio-Economic Review, 9(4), 757–786. [https://doi.org/10.1093/ser/mwr012">CrossRef]

  3. Darin-Drabkin, H. (2013). Land Policy and Urban Growth: Pergamon International Library of Science, Technology, Engineering and Social Studies. Elsevier Science. [https://books.google.co.id/books?id=PO1sBQAAQBAJ">Google Book]

  4. DBS Group Research. (2014a). Tread carefully. Indonesia Property Sector. Retrieved from http://www.dbs.com.sg/treasures/aics/GenericArticle.page?dcrPath=templatedata/article/generic/data/en/GR/042015/150428_insights_tread_carefully_with_indonesia_property.xml">DBS Treasures

  5. DBS Group Research. (2014b). When the going gets tough. Indonesia Property Sector. Retrieved from https://www.dbs.com.sg/treasures/aics/pdfController.page?pdfpath=/content/article/pdf/AIO/141203_insights_indonesian_property_when_the_going_gets_tough.pdf">DBS Treasures

  6. Dowall, D. E., & Leaf, M. (1991). The Price of Land for Housing in Jakarta. Urban Studies, 28(5), 707–722. [https://doi.org/10.1080/00420989120080881">CrossRef]

  7. Ferguson, B. W., & Hoffman, M. L. (1993). Land markets and the effect of regulation on formal-sector development in urban Indonesia. Review of Urban & Regional Development Studies, 5(1), 51–73.

  8. Healey, P. (1992). An institutional model of the development process. Journal of Property Research, 9(1), 33–44.

  9. Healey, P., & Barrett, S. M. (1990). Structure and agency in land and property development processes: some ideas for research. Urban Studies, 27(1), 89–103.

  10. Hermawan, A., & Syahbana, J. (2015). Pemetaan Perkembangan Perhotelan Di Pusat Perdagangan Dan Jasa Kota Semarang Dengan Sistem Informasi Geografis. Geoplanning: Journal of Geomatics and Planning, 2(1), 38–50. [https://doi.org/10.14710/geoplanning.2.1.38-50">CrossRef]

  11. Hu, S., et al. (2016). Spatially non-stationary relationships between urban residential land price and impact factors in Wuhan city, China. Applied Geography, 68, 48–56. [https://doi.org/10.1016/j.apgeog.2016.01.006">CrossRef]

  12. Liu, Z., Miao, J., & Zha, T. (2016). Land prices and unemployment. Journal of Monetary Economics, 80, 86–105. [https://doi.org/10.1016/j.jmoneco.2016.05.001">CrossRef]

  13. Liu, Z., Wang, P., & Zha, T. (2013). Land-Price Dynamics and Macroeconomic Fluctuations. Econometrica, 81(3), 1147–1184. [https://doi.org/10.3982/ECTA8994">CrossRef]

  14. Supriyadi, A. (2014). Pengembang Properti Tuntut Subsidi Uang Muka. CNN Indonesia, 20 November. Available at: http://www.cnnindonesia.com/ekonomi/20141120130255-92-12731/pengembang-properti-tuntut-subsidi-uang-muka/">

  15. Tsutsumi, M., & Seya, H. (2008). Measuring the impact of large-scale transportation projects on land price using spatial statistical models. Papers in Regional Science, 87(3), 385–401. [https://doi.org/10.1111/j.1435-5957.2008.00192.x">CrossRef]

  16. Ward, P., Jimenez, E., & Jones, G. (1993). Residential land price changes in Mexican cities and the affordability of land for low-income groups. Urban Studies, 30(9), 1521–1542.

  17. Winarso, H. (1999). Private residential developers and spatial structure of Jabotabek. Urban Growth and Development in Asia, 1, 277–304.

  18. Winarso, H., & Firman, T. (2002). Residential land development in Jabotabek, Indonesia: triggering economic crisis? Habitat International, 26(4), 487–506.

  19. Zhang, X., et al. (2017). Industrial land price between China’s Pearl River Delta and Southeast Asian regions: Competition or Coopetition? Land Use Policy, 61, 575–586. [https://doi.org/10.1016/j.landusepol.2016.12.011">CrossRef]


Last update:

  1. SeaCities

    Rukuh Setiadi, Joerg Baumeister, Alex Lo. Cities Research Series, 2023. doi: 10.1007/978-981-99-2481-3_6
  2. Speculating on land, property and peri/urban futures: A conjunctural approach to intra-metropolitan comparison

    Helga Leitner, Eric Sheppard. Urban Studies, 59 (8), 2022. doi: 10.1177/00420980221081642
  3. Spatial Modelling of Land Price in The Semarang City

    W Widjonarko. IOP Conference Series: Earth and Environmental Science, 123 , 2018. doi: 10.1088/1755-1315/123/1/012029
  4. The correlation analysis between urbanization phenomena and landuse change in Jakarta Special Province

    Ratih Fitria Putri, Aji Wijaya Abadi, Utia Kafafa, E. Haryono, F. Lavigne, R. Che Omar, B. White, A. Cardenas Tristan, D. Rahmawati Hizbaron, R. Fitria Putri. E3S Web of Conferences, 200 , 2020. doi: 10.1051/e3sconf/202020005003
  5. Time to ACT: Realizing Indonesia's Urban Potential

    Mark Roberts, Frederico Gil Sander, Sailesh Tiwari. 2019. doi: 10.1596/978-1-4648-1389-4_ch7
  6. Does Urban form Affect Motorcycle Use? Evidence from Yogyakarta, Indonesia

    Sotya Fevriera, Henri L.F. de Groot, Peter Mulder. Bulletin of Indonesian Economic Studies, 57 (2), 2021. doi: 10.1080/00074918.2020.1747595
  7. The Impact of Urbanization to Forest Degradation in Metropolitan Semarang: A Preliminary Study

    A W Sejati, I Buchori, I Rudiarto. IOP Conference Series: Earth and Environmental Science, 123 , 2018. doi: 10.1088/1755-1315/123/1/012011
  8. Urban Socio-Economic Segregation and Income Inequality

    Deden Rukmana, Dinar Ramadhani. The Urban Book Series, 2021. doi: 10.1007/978-3-030-64569-4_7
  9. Advances in Geoscience and Remote Sensing Technology

    Fitriana Syahar, Risa Ramanda, Fitri Hayati. Springer Proceedings in Earth and Environmental Sciences, 2024. doi: 10.1007/978-981-97-5746-6_21
  10. Sustainability Prediction Model for Capital City Relocation in Indonesia Based on Inclusive Wealth and System Dynamics

    Takuya Shimamura, Takeshi Mizunoya. Sustainability, 12 (10), 2020. doi: 10.3390/su12104336

Last update: 2024-11-07 14:32:04

  1. Spatial Modelling of Land Price in The Semarang City

    W Widjonarko. IOP Conference Series: Earth and Environmental Science, 123 , 2018. doi: 10.1088/1755-1315/123/1/012029
  2. Indonesian children's quality of life: A case study of residents relocation to flats in Jakarta Province

    Nurrizka R.. Malaysian Journal of Public Health Medicine, 19 (2), 2019.
  3. The correlation analysis between urbanization phenomena and landuse change in Jakarta Special Province

    Ratih Fitria Putri, Aji Wijaya Abadi, Utia Kafafa, E. Haryono, F. Lavigne, R. Che Omar, B. White, A. Cardenas Tristan, D. Rahmawati Hizbaron, R. Fitria Putri. E3S Web of Conferences, 200 , 2020. doi: 10.1051/e3sconf/202020005003
  4. The Impact of Urbanization to Forest Degradation in Metropolitan Semarang: A Preliminary Study

    A W Sejati, I Buchori, I Rudiarto. IOP Conference Series: Earth and Environmental Science, 123 , 2018. doi: 10.1088/1755-1315/123/1/012011
  5. Sustainability Prediction Model for Capital City Relocation in Indonesia Based on Inclusive Wealth and System Dynamics

    Takuya Shimamura, Takeshi Mizunoya. Sustainability, 12 (10), 2020. doi: 10.3390/su12104336