IDENTIFYING THE EFFECT OF HALIM HIGH-SPEED RAIL STATION ON LAND PRICES
The provision and planning of infrastructure in the field of transportation that is increasingly massively developed can contribute to an increase in land value. One form of new infrastructure that is currently being developed is high-speed rail (HSR), which are considered effective as a means of...
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| Format: | Final Project |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/82656 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | The provision and planning of infrastructure in the field of transportation that is
increasingly massively developed can contribute to an increase in land value. One
form of new infrastructure that is currently being developed is high-speed rail
(HSR), which are considered effective as a means of mass transportation due to
their advantages in speed and energy efficiency.
The Jakarta-Bandung High-Speed Rail (KCJB) is the first high-speed rail project
in Indonesia that has been initiated since 2015 and has been operating since 2023.
KCJB connects the Jakarta-Bandung corridor with a total of 4 stations, one of
which is Halim High-Speed Rail Station. Based on various previous studies, the
provision of infrastructure, especially in the form of investment in transportation
modes such as HSR, can not only improve accessibility to activity centers and
reduce transportation costs, but also have a capitalization effect on land prices.
Currently, the effect of Halim High-Speed Rail Station on surrounding land prices
is unknown. Therefore, a study is needed to explain the effect of Halim High-Speed
Rail Station as part of the Jakarta-Bandung High-Speed Rail (KCJB) project on
surrounding land prices. This study uses content analysis to determine the factors
that influence land prices based on the Hedonic Pricing Model (HPM) and spatial
regression analysis with spatial lag model and spatial error model to determine the
land price model around Halim High-Speed Rail Station.
The results of this study show that there are 8 variables that affect land prices
around Halim High-Speed Rail Station, namely, KDB, KDH, physical
infrastructure vulnerability, distance to the nearest hospital, distance to the nearest
junior high school, distance to the nearest toll gate, distance to the nearest public
transportation stop, and road width. The final result shows that the presence of
Halim High-Speed Rail Station does not significantly affect the surrounding land
prices. |
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