TY - JOUR
T1 - Land value capture
T2 - Defining crucial variables difference-in-differences model for residential properties surrounding MRT Jakarta stage I
AU - Berawi, Mohammed Ali
AU - Darmawan, Alexander
AU - Gunawan,
AU - Miraj, Perdana
AU - Rahman, Hamzah Abdul
N1 - Funding Information:
This research was supported by research grants from Universitas Indonesia and Ministry of Research and Higher Education, Republic of Indonesia.
Publisher Copyright:
© 2020, Novel Carbon Resource Sciences. All rights reserved.
PY - 2020/6
Y1 - 2020/6
N2 - Positive effect on property value can be gained from the development of public transportation system. This study is aimed to identify the variables that affect the residential property price around the first phase of the Jakarta MRT station project construction. The variables were based on the data of Land & Building Tax Imposition Base (NJOP). From the statistical analysis (multi collinearity, paired T, ANOVA, and normality test), it is found that variables significantly affecting the residential property price are unit area, shared building, shared land, land area, building area, density, distance to MRT/CBD/hospital/favorite high school, and public park.
AB - Positive effect on property value can be gained from the development of public transportation system. This study is aimed to identify the variables that affect the residential property price around the first phase of the Jakarta MRT station project construction. The variables were based on the data of Land & Building Tax Imposition Base (NJOP). From the statistical analysis (multi collinearity, paired T, ANOVA, and normality test), it is found that variables significantly affecting the residential property price are unit area, shared building, shared land, land area, building area, density, distance to MRT/CBD/hospital/favorite high school, and public park.
KW - Land Value Capture
KW - MRT
KW - Residential Property
UR - http://www.scopus.com/inward/record.url?scp=85087393367&partnerID=8YFLogxK
U2 - 10.5109/4055228
DO - 10.5109/4055228
M3 - Article
AN - SCOPUS:85087393367
SN - 2189-0420
VL - 7
SP - 253
EP - 261
JO - Evergreen
JF - Evergreen
IS - 2
ER -