An Analysis of Alternative Options in Optimizing The Value of Private Vacant Land (A Case Study Of Vacant Land on Dangdeur Indah III)

• Main Author: Daryani/29115212, Dian
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/26605
• Institution: Institut Teknologi Bandung

Bandung city has a tremendous appeal for investors to invest in property. The more intense the competition, the investors must be more careful when making decisions to develop the land. Not a few properties that have been built to provide results that are less satisfactory to the owner, or even fail at all. As a result, many abandoned buildings are not utilized by their owners. The problem of vacant land / building is of course need to be studied more deeply because of vacant land / building of course cause the use of land become inefficient which can hamper society or landowner in obtaining optimal benefit from land. <br /> <br /> The purpose of this analysis is to find the best alternative in optimizing the value of vacant land on Jl. Dangdeur Indah III No. 10. The 458m2 land is in the CBD area and has been left empty by the owner for 21 years. Based on the wishes of the land owner, the decision choice consists of three alternative options, namely selling the land, leaving it empty, or developing the vacant land. Analysis conducted to find out which alternative options have the highest land value. <br /> <br /> Several methods of Property Valuation Process from SPI will be used to assess the three alternatives, namely the analysis of the cost approach and the analysis of the income approach. The HBU analysis method is also used to analyze the third alternative. The results of the HBU analysis stated that boarding houses were feasible to be built compared to building two houses for rent. All three alternatives will be compared based on financial feasibility by calculating future values from land, land and buildings or money from each choice. Based on the results of the comparison, it is known that the alternative to building a boarding house is called having a higher value than selling land or leaving the land empty, with a market value of 53,755,609,317.47 rupiah <br />