Land Value Modeling and Evaluation in the Greater of Jakarta Area
Bambang Edhi Leksono et al.
The Greater of Jakarta is the urban agglomeration surrounding of the Jakarta as a capital city, in Indonesia. The area comprises the DKI Jakarta and parts of West Java and Banten provinces, specifically the three Regencies of those provinces which surround Jakarta - Bekasi and Bogor in West Java, and Tangerang in Banten. Also included were the Kota (formerly Kotamadya) independent municipalities of Bogor, Depok, Bekasi, Tangerang and South Tangerang. The name of the region is taken from the first two (or three) letters of each city's name: Jabo(de)tabek from Jakarta, Bogor, (Depok), Tangerang and Bekasi. The Valuation of land in this area is an attempt to realize equity in the tax system and the legal aspect of land tenure, as well as the stream direction of optimum land use (highest and best use). Land value data transaction reports from some official land agencies such as PPAT in Indonesia have also proven to be inaccurate in its valuationns manner . Some research of Wibowo, et al (2009) indicated a link between population density per unit area of the village, the population density per built up area of the village, the percentage of built up area every village, and distance of villages to the CBD (Central Business District) of DKI Jakarta to land values within the greater Jakarta. This research aims to produce land value model and the evaluation of land value based on the characteristics of these four variables.
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