Abstract
A land requires use analysis to obtain the best increase in the land value. Likewise with the land of an urban traditional market. Highest and Best Use (HBU) analysis is needed to get the best alternative property on the land. A traditional market is one place where the activity of trading centre. However, along with the development of the era of the existence of traditional markets increasingly abandoned. One of them is Pucang Anom market located in Pucang Anom Street, Surabaya. Market conditions on the second floor are quiet and lack of interest. In addition, the market conditions are old and look shabby. Therefore, it is necessary to revive Pucang Anom market so that it can produce the highest land value. Alternative land use is analysed using HBU method. The analysis began with an explorative study to explore alternatives of land use, afterwards it continued with four stages analysis including regulatory compliance and permits, possibility and affordability of construction, financial feasibility, and maximum productivity of land. The results of this study found an alternative mixed use between market and apartment as the best options with the highest land value and maximum productivity is 210%.
Highlights
An urban market is defined as an area where the sale and purchase of goods with a number of sellers more than one
The analysis phase of determining the alternative of this type of land use is done through interviews and questionnaires to stakeholders who are directly involved in the utilization [7] of Pucang Anom market land
Highest and Best Use (HBU) analysis of the land and building of Pucang Anom market in Surabaya generate a comparison of traditional market between with market business diversification and without addition to market development
Summary
An urban market is defined as an area where the sale and purchase of goods with a number of sellers more than one It is well known as shopping centres, traditional markets, shops, malls, plazas, trade centres and other designations. Kiosk on the second floor is not much of visitors It is influenced by the location of the market surrounded by commercial property that resulted in decreasing public interest to visit the market. It is necessary to revitalize Pucang Anom market by using the highest and best land analysis as the initial stage to understand the revitalization without eliminating the existence of traditional markets as the main function of a public facility
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