IDENTIFICATION OF THE IMPACT OF THE KARAWANG HIGH-SPEED RAIL STATION PROJECT ON LAND PRICE CHANGES AND LAND PRICES EXPECTED BY THE COMMUNITY

• Main Author: Dila Khanza, Salma
• Format: Final Project
• Language: Indonesia
• Subjects: Perencanaan wilayah
• Online Access: https://digilib.itb.ac.id/gdl/view/77735
• Institution: Institut Teknologi Bandung

Land has a value that can increase due to infrastructure planning and development. In addition, community expectations play a role in determining price variations through the anticipated impact of development. High-speed rail is one of the most widely built modes of transportation in countries around the world. The existence of high-speed trains can reduce travel time, reduce travel costs, and increase the ease of inter-city transportation in various regions, including increasing land values. Jakarta-Bandung High-Speed Rail is the first high-speed rail in Indonesia that connects the Jakarta-Bandung corridor with 4 stations, one of which is the Karawang High-speed Rail Station. KCJB has been built since 2016 and is still under construction. Currently, the effect of the presence of the Karawang HighSpeed Rail Station on land prices and community expectations of land prices is unknown. This study uses content analysis to determine the factors that influence land prices and people's expectations of land prices, then ordinary least squares regression analysis is conducted to determine the model of changes in land prices and land prices expected by the community around the Karawang HSR Station. The results of this study indicate that 3 variables affect land prices around the Karawang High-Speed Train Station, namely the width of the front road, land use, and the distance to the nearest educational facility. In addition, 3 variables affect the land price expected by the community, namely education, land selling plans, and land function plans in the future. The existence of the Karawang High-Speed Rail Station has not had a significant effect on changes in land prices and land prices expected by the surrounding community.