Abstract
The problem of land value agreement when the land acquisition for infrastructure development have occurred in Indonesia. This problem can occur in the pre-construction, construction and post-construction phases. The research objective was to identify patterns and changes of the value of land right in the area of infrastructure development and its surroundings. Linear regression and non-linear time series data with lot and block system were used to analyse the value of the land in each zone. The results of this study indicated that the average value of land in the area of infrastructure development (11 LVZ) increased much higher than that of land located in the area surrounding infrastructure development (67 LVZ). It increased sharply from pre-construction, construction to post-construction phases by 22:57%, 39.44%, 29.84% while the land value in the surrounding area of infrastructure development rose 14.83%, 14.83%, 14:46%. It is expected that the results of this study can contribute in determining the pattern of changes in the value of the land in other infrastructure development areas.
| Original language | English |
|---|---|
| Pages (from-to) | 6912-6919 |
| Number of pages | 8 |
| Journal | ARPN Journal of Engineering and Applied Sciences |
| Volume | 11 |
| Issue number | 11 |
| Publication status | Published - 1 Jun 2016 |
Keywords
- Construction
- Land value
- Post-construction
- Pre-construction
