Modified estimation of land values with spatial weight in bandung city

Abstract

Land valuation is one aspect of a cadastral system that is integrated with land use and land tenure. Land can be valued based on the benefits that can be given. High and low land values are influenced by many factors, including economic, social, government, and physical factors. Based on factors that can determine the value of land, it is known that land use (zoning) can also affect the formation of land values. Several studies have stated that land use is the most dominant factor affecting land values. This study uses geostatistical analysis in modeling soil values. The purpose of this research is to modify the mathematical model of soil values from geostatistical analysis by including spatial weights. The mathematical model of the modified land value is expected to reflect the actual value, which can then be used in creating a Land Value Zone.

Land Value Prediction Model in the Urban Fringe Region Using Multiple Regression Algorithm

“…Comparison of market data is carried out by field surveys to obtain physical data and legal aspects of land or property that are the object of careful assessment, as well as to obtain market data for comparison of objects that have physical characteristics [12], legal [10] and similar environmental or that can be compared to the object being assessed. The data from the survey are adjusted to obtain a market value estimation of the object being assessed.…”