Infrastructure development in Indonesia creates massive impacts on the economy. The Light Rail Transit (LRT) of the greater Jakarta (Jabodebek) project has an estimated cost of more than 29 trillion rupiahs due to land acquisition and route planning. The urban transit development may impact to the price of property including residential, commercial and offices along the route. This research aims to determine variables affecting the price elasticity of property and the correlation to station proximity. Data mining through web scrapping was used to assess the degree of correlation between price elasticity and station location. The result shows that approximately 13% of commercial property was spread over a distance of 1 km from the LRT station. The closer a property to transit station, the more likely a price will be twice as cheap compared to those further away. The findings also show variables that highly contribute to property prices, including schools and hospitals, linked to proximity of some transit stations located in city center of Jakarta and building density.
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