ANALYSIS OF APARTMENT GROWTH AND LAND PRICE CHANGE PATTERNS IN GENTRIFICATION SITUATIONS IN JAKARTA
The rapid development of Jakarta as an economic hub has spurred significant urbanization, leading to an imbalance in housing supply amidst limited land availability. This situation compels the lower-middle class to reside in settlements with inadequate physical conditions. This phenomenon has dri...
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| Format: | Theses |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/87582 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | The rapid development of Jakarta as an economic hub has spurred significant
urbanization, leading to an imbalance in housing supply amidst limited land
availability. This situation compels the lower-middle class to reside in settlements
with inadequate physical conditions. This phenomenon has driven the rise of
vertical housing, such as apartments, as a solution to land scarcity. However, these
apartments are often constructed on high-priced land to preempt further price
escalation in the future. Unlike in other countries, where gentrification due to
apartment development is typically associated with declining land prices caused by
urban expansion and rising crime, Jakarta’s apartment growth has prompted
gentrification under different circumstances. This study aims to analyze patterns of
land price changes and their relationship to the distribution and growth of
apartments in Jakarta. The objectives include identifying the distribution and
growth of apartments, examining patterns of land price changes, and formulating
the factors influencing land price change patterns concerning apartment growth in
Jakarta.
The study employs a spatial analysis approach combined with qualitative
descriptive, associative descriptive, and descriptive statistical analysis to explore
land price change patterns and apartment growth. These patterns are analyzed
based on favored corridors and the assessment of environmental physical
characteristics. The research examines apartment growth through the lens of
economic factors, housing policies, land price change patterns, and typologies of
apartments within key corridors. Findings reveal that land price changes in Jakarta
predominantly show an upward trend, with proximity to Central Business Districts
(CBDs) and commercial areas identified as key drivers of positive price changes.
The pattern of increasing land prices in Jakarta diverges from the Rent Gap Theory
observed in other contexts, highlighting a unique dynamic in its urban development
landscape |
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