ANALYSIS OF FACTORS CAUSING DIFFERENCES LAND PRICES AND THEIR MAPPING IN SOUTH TANGERANG

Abstract

The skyrocketing price of land in Jakarta means that people are now starting to look for land and property in South Tangerang. Currently, a post-suburbanization phenomenon is also taking place where activities are not focused on the city of Jakarta because the buffer area of ​​Jakarta has started to build an independent town. One example is the city of South Tangerang which is currently experiencing massive regional development. With the development of this area, land prices in South Tangerang have also increased. The South Tangerang region itself has experienced significant regional development due to intervention by private developers, where 70% of the city area is controlled by private developers. The high and low prices of land can also be influenced by hedonic theory which includes 3 factors, namely environmental factors, facility factors, and public perception. In this theory, environmental factors include affordability of access and completeness of infrastructure. The facility factor consists of the completeness of facilities in the area ranging from education, health, places of worship, and shopping centers. These two factors will then create a perception in society that can influence land prices in an area.