Analysis of Land Value Change in Genuk District

Abstract

Genuk District is a district in Semarang City which is designated as an industrial area. The development of industrial estates can lead to increased urbanization. According to data from Central Agency on Statistics in 2020, the population in Genuk District has always increased from year to year. The increasing population causes the need for land to also increase. Land prices can also rise considering the need for land and factors from industrial development. On the other hand, Genuk District is prone to tidal flooding. The worst tidal floods in Genuk District occurred in Gebangsari, Genuk and Banjardowo Sub-District in the 2000s. Based on the problem, this research aims to map land prices temporally in 2014, 2019 and 2022 and analyze the distribution pattern of land value changes in Genuk District with the Local Moran’s I method. That method is used for analyze the pattern of land values in 2022 and the pattern of land price changes between 2019 and 2022. The method used in mapping land prices is based on a fair market land price approach and land valuation techniques using a mass valuation cost approach. The average land value zone in 2014 has a value of IDR 711,000 in 2019 has an average value of IDR 986,000 and in 2022 is IDR 1,599,000. According to the results of Local Moran’s I, the pattern land value change in 2019-2022 is different from the results of the land value pattern in 2022 for each category class. This shows that the high land value changes between 2019 to 2022 are not in the same location as the high land value in 2022.