Factors Affecting the Value of Land on the Street of Williem Iskandar Pasar V Medan Estate Sei Tuan District, Deli Serdang Regency

F. I. Nasution, D. N. Aulia, H. T. Fachrudin

2018

Abstract

The increasing growth of urban population encourages the growth of commercial areas in one area. Differences in the value of land in a particular area cause the community to need information on the value of land in a transparent and the factors that affect the difference in the value of land in one area. This study aims to identify factors that affect the value of land on the road Willem Iskandar Pasar V Medan Estate Sei Tuan Deli Serdang District. The analytical tool used in this study is multiple linear regression. The dependent variable is the land value referring to the field survey results with some adjustments, whereas the independent variables are land use type, accessibility, topography, location and distance to CBD. The results of this study indicate that the type of land use and accessibility does not affect the value of the land. This is evidenced by the significance value of these variables is not smaller than alpha (0.05). Topographical variables and distance to the CBD have a significance value smaller than the alpha of 0.039 and 0.044. While the location becomes the most influential variable to the land value that has the smallest significance value among some other variables of alpha is equal to 0.038. So from the results of the study concluded the location of a commercial function becomes the most important influence on the value of land on the street of Williem Iskandar Pasar V Medan Estate.

Paper Citation

in Harvard Style

Nasution F., Aulia D. and Fachrudin H. (2018). Factors Affecting the Value of Land on the Street of Williem Iskandar Pasar V Medan Estate Sei Tuan District, Deli Serdang Regency.In Proceedings of the International Conference of Science, Technology, Engineering, Environmental and Ramification Researches - Volume 1: ICOSTEERR, ISBN 978-989-758-449-7, pages 179-183. DOI: 10.5220/0010074201790183

in Bibtex Style

@conference{icosteerr18,
author={F. I. Nasution and D. N. Aulia and H. T. Fachrudin},
title={Factors Affecting the Value of Land on the Street of Williem Iskandar Pasar V Medan Estate Sei Tuan District, Deli Serdang Regency},
booktitle={Proceedings of the International Conference of Science, Technology, Engineering, Environmental and Ramification Researches - Volume 1: ICOSTEERR,},
year={2018},
pages={179-183},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010074201790183},
isbn={978-989-758-449-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference of Science, Technology, Engineering, Environmental and Ramification Researches - Volume 1: ICOSTEERR,
TI - Factors Affecting the Value of Land on the Street of Williem Iskandar Pasar V Medan Estate Sei Tuan District, Deli Serdang Regency
SN - 978-989-758-449-7
AU - Nasution F.
AU - Aulia D.
AU - Fachrudin H.
PY - 2018
SP - 179
EP - 183
DO - 10.5220/0010074201790183