Increasing Land Values Research Articles

Impact of plant-based soil amendments on improvement of mortgaged Farmland

A field experiment was conducted in Maoming, Guangdong, China to evaluate the effects of different plant-based soil amendments on soil quality, nutrient availability, plant growth, and land value. The application of plant-based soil amendments significantly increased the plant height, stem diameter, and biomass yield of corn, soybean, and rice crops. The greatest improvement was observed in corn crops, with a 12.6% increase in plant height, a 15% increase in stem diameter, and a 25.6% increase in biomass yield. Plant based soil amendments significantly improve soil quality, increase nutrient availability, and promote plant growth and productivity. Economic analysis shows that the use of plant-based soil amendments significantly increases the value of land, providing potential benefits for mortgage lenders and borrowers. This study emphasizes the importance of sustainable land use practices and the potential of plant-based soil improvement as an effective means of increasing land value. Bangladesh J. Bot. 53(3): 823-833, 2024 (September) Special

A comparison of new transport projects in Sydney, Australia: Decomposition of the impact on residential property prices

Public transport projects are expensive, long-lived and their funding is often a challenge. As a result, relevant authorities around the world are concerned in understanding the economic impacts induced by these new public transport projects and, in particular, whether any increases in land value which may follow an investment (referred to as land value uplift) can be ‘captured’ as a potential source of funding. Land value uplift can occur at different stages of a project and might not be only due to the improved accessibility of the project. This study focusses on understanding the complexity of land value uplift on residential properties resulting from three public transport projects in Sydney, Australia (two light rail projects and one heavy rail), as a way of providing insights to create evidence-based value capture policies. Multilevel models are presented comparing the affected or ‘catchment’ areas of the projects with what is referred to as a ‘control area’ where the investment has not had an impact. The total residential land value uplift is analysed prior and post implementation – and decomposed into what can be attributed to improved accessibility, property characteristics, neighbourhood characteristics, time series, and unobserved uplift. The results show that the anticipated value uplift before the projects’ implementation is significantly higher for the heavy rail project (between 12 and 15 per cent after its construction process started for properties located within 800 m from the station) than for the light rail project (5.7 per cent only for properties located within 400 m from the station), but it is close to zero for the project that represents the anticipated uplift for a light rail extension project after its announcement. However, there is a significant value uplift for the light rail extension project after its implementation (around 6 per cent) which is mainly due to the accessibility improvements. The distance to stations also showed to be significant in the light rail and heavy rail projects, with properties closer to the stations having a higher anticipated value uplift.

Soil carbon tonne-year accounting: Crediting the additional time-integrated amount of carbon captured in soil

Soil organic carbon (SOC) sequestration has become a critical component of climate change mitigation strategies, offering a natural and economically viable means to mitigate atmospheric CO2 levels. Current practices in SOC sequestration auditing face limitations due to the requirement for carbon permanence, which can discourage landholders from participating due to long-term commitments and uncertainties. We propose the concept of the Soil Carbon Tonne-Year as a new unit of measurement for assessing SOC sequestration, focusing on the time-integrated amount of carbon stored in the soil. Soil carbon tonne-year measures SOC stock across different operational soil carbon pools (such as Mineral Associated Organic Carbon and Particulate Organic Carbon), each with its own mean residence time. This approach, based on physical rather than economic or climatic metrics, aims to offer a more accurate, flexible, and realistic method of accounting for SOC. Our examples suggest that the Soil Carbon Tonne-Year approach could significantly enhance management flexibility, potentially increasing land value and leading to sustainable gains over the long term.

Analisis HBU dan Peluang Kejenuhan Lalu Lintas pada Pengembangan Plasa Simpang Lima Semarang

Simpang Lima Plaza is a Semarang City Government asset which is located in the city center, precisely on Jalan Ahmad Yani, Semarang City. The Plaza Simpang Lima building was built in 1990 with a building area of 38,935 m2. Plaza Simpang Lima is managed by PT Argamukti with a 30 year contract system which will end in 2024. When the contract ends, the age of the Plaza Simpang Lima building will be 30 years, so the use of the Plaza Simpang Lima building needs to be reviewed in relation to its potential utilization. Previous research discussed asset optimization but ignored the impact on traffic potential of selected land uses. This research was conducted to find out the most effective land optimization and the resulting traffic impacts. In this research the analysis was carried out using the Highest and Best Use method to determine alternative uses that are appropriate and technically and financially possible to determine the optimum value and the trip generation method to determine the potential traffic impacts that occur from the selected land use. The results of this research were obtained that the alternative effective use of land is a mall which will result in an increase in land value in the 7 year projection period of IDR 379,259,450,817 with an increase in roundabout delays of 35.23% and the chance of this condition occurring is 36.2%.

Gentrification and access to housing in Mexico City during 2000 to 2022

We conducted a spatial and temporal analysis of housing patterns in Mexico City by utilizing an extensive database of 16,000 prices for flats and houses, covering the period from 2000 to 2022. Our findings reveal a striking trend: The average housing prices have quadrupled over a 20-y period, without considering inflation. In contrast, the per capita labor income of Mexican citizens has declined relative to inflation. As a result, the average family encountered four times greater challenges in accessing housing in 2015 as compared to 2005. Furthermore, our research demonstrates that areas that have undergone significant gentrification or super-gentrification contribute to a widespread increase in land value on neighboring zones, leading to the emergence of clusters of highly expensive neighborhoods.

Charge It Right: Unveiling the Factors to Effective Development Charge Implementation

Development charges are a globally adopted concept to ease the burden on local governments due to urbanization. Implemented in countries like the US, UK, Australia, Singapore, Canada, and South Africa, Malaysia follows suit with charges tied to increased land value. Based on structured interviews with 39 stakeholders, this study identifies key factors for effective implementation: legislation, human capital, work procedures, and support facilities. Participants highlight the need for streamlined approval processes and strategic integration among departments. Successful development charge implementation optimises land use, reducing infrastructure costs and benefiting public interests.

INCREASE IN THE MARKET VALUE OF LAND AS AN EFFECT OF LAND CONSOLIDATION PROJECTS

Aim: The economic effect of an increase in the market value of land is a factor usually neglected in the assessment of land consolidation projects. However, it should be expected after procedures aimed at reorgan­izing the spatial structure of land plots. To fill the research gap in this area, a study was carried out to identify potential changes in land values as a result of completed land consolidation projects. Methods: Data from nine land consolidation projects carried out in Poland between 2007 and 2013 was used in addition to the results of an artificial neural network model developed within the framework of statistical analyses of agri­cultural real estate markets for municipalities where land consolidation projects were carried out. Results: Taking into account the increase in the market value of land as a result of consolidation, the balance of costs and benefits of planned or implemented projects significantly improved. The increase ranged from 1.2% to as much as 28.4%. Conclusions: The effect of increased land values would be a serious argument in assessing the profitability of implementing land consolidation projects. The increase in land value as an economic and social effect of land consolidation increases the probability of revitalizing local property markets and contributes to the wealth and creditworthiness of landowners. Exposing this effect can increase public interest and support for the implementation of consolidation projects, which is a very important step on the way to village renewal and activation.

A market-based instrument to capture betterments from planning decisions towards environmental ecosystems

Any planning decision to develop and implement a territorial plan or to make a public investment will engender different kinds of externalities, such as increased land values. The research reported in this article aims to lay the foundations for the development of a market-based land tool based on the capture of betterments that stem from public investments or planning decisions, which will provide municipalities with funds to meet, at least, part of the costs with environmental services.

The Value-Creation Role Of Accessibility Through the Critical Realism Method: Istanbul Bus Rapid Transit System

Public investments in "mass transit systems" provide an equal right of accessibility economic and social opportunities for everyone. Concurrently, they generate an increase in land value both along the mass transit line and within the accessible area of the stations. This article focuses on the socio-economic and spatial effects of the increased land value resulting from the accessibility created by the mass transit system. By reviewing world wide case studies and practices, it examines these causal processes within the framework of the Critical Realism Method using the example of the Istanbul Bus Rapid Transit (BRT) System. As a result of the Extensive Analysis, an analytical method of the Critical Realism Method, it was observed that the rate of land value increase in the Istanbul BRT System was 28% and the rate of land value increase at all stations along the line varied between 20% and 280%. In the Intensive Analysis, it was observed that the increase in land value at selected stations varied depending on the proximity of the station to Istanbul's Central Business District, new incoming land use types, plan changes made by the public, the presence of vacant lands that would enable land speculation, and the presence of large projects around the station. This article provides insights which explains that “the change in land value resulting from accessibility” does not cause the same magnitude of value increase at every station along the line and does not create the same socio-economic and spatial impact at every station. It presents an empirically tested study by comparing the accessibility created by the Istanbul BRT System before and after its implementation.

ANALISIS HIGHEST AND BEST USE PEMANFAATAN TANAH KOSONG DI KELURAHAN PENKASE OELETA KOTA KUPANG

This study discusses and implements the Highest and Best Use (HBU) Analysis method for fixed assets under the management and ownership of the Kupang City Government in the form of unused vacant land, located in Penkase Oeleta Village, Alak District, Kupang City, East Nusa Tenggara Province. This type of research is a quantitative descriptive research. Data collection techniques were carried out using questionnaires, interviews, observation and documentation. This study uses the Highest and Best Use analysis to determine the most optimal type of utilization of the research object's land for four aspects which include physical aspects, legal aspects, financial aspects and maximum productivity. The results of the study show that the Highest and Best Use Analysis in terms of the physical aspect of alternative land uses as Public Warehouses, Grocery Warehouses and as Housing is possible to do, while based on legal aspects, alternative land uses as Public Warehouses and Grocery Warehouses are permitted, while use as Housing is not permitted, then based on the financial aspect of the alternative land use as a Public Warehouse meets the eligibility criteria, namely an NPV of Rp. 2,194,024,971., IRR is 18% and the highest land value is Rp. 5,398,430,092. The basic food warehouse meets the eligibility criteria, namely an NPV of Rp. 3,072,079,311., IRR is 25% and the highest land value is Rp. 9,553,342,631,. The results of the analysis show that the highest and best land value is an alternative use as a Grocery Warehouse, which is Rp. 8,741,064 per square meter or an increase in land value by 4% compared to the market value of vacant land for the research object, which is Rp. 1,993,029., per square meter. So the highest and best utilization of vacant land is the Grocery Warehouse.

Rencana Pembangunan Kawasan Industri terhadap Perkembangan Nilai Tanah: Studi Kasus di Kabupaten Cilacap Tahun 2023

ABSTRACT The availability of suitable land is a crucial factor in determining the success of regional development. In 2022, as part of their regional economic development initiative, the Cilacap Regional Company planned to establish the Cilacap Industrial Zone, leading to significant changes in land use and a potential impact on land prices in the surrounding area. Regions undergoing high development activities tend to experience an increase in land value. Consequently, there exists the possibility of potential changes and developments in land value around the Cilacap Industrial Zone. This study aims to analyze the extent of increase and the pattern of land value distribution in locations surrounding the Cilacap Industrial Zone. The research method employed was a survey approach with a quantitative methodology. The findings reveal that the planned development of the Cilacap Industrial Zone resulted in an increase in land value, particularly in agricultural lands, with an average increase of Rp 441.744/m2. The distribution pattern of land value in the vicinity of the Cilacap Industrial Zone can be categorized into 11 groups, with percentage increases ranging from below 100% to above 400%. Keywords: land value, Cilacap Industrial Zone, distribution pattern, industry.

Highest and Best Use (HBU) Analysis on Vacant Land in Jakarta Garden City, East Jakarta

Land availability in the capital of Indonesia, Jakarta, is dwindling. However, its population is growing. This growth affects population density and activity to rising, as well as the need for land, especially for housing purposes. Moreover, land prices are also escalated over time. Hence, to optimize the available land utilization and value, it is necessary to find the best designation and produce the highest land value. The Highest and Best Use Analysis is used to achieve this goal. By evaluating several aspects, namely, physical, legal, financial, and maximum productivity. This research was applied to an asset of vacant land in Asoca Street, Jakarta Garden City, Cakung, East Jakarta with an area of 3.725,68 m2. After the analysis, it is obtained that apartment is the best designation, producing the highest increase in land value of Rp 131.366.494/m2 and productivity after developed by 591,04%. It is also feasible to develop, because with an investment period of 10 years, the designation produces a net present value greater than zero, which is Rp 418.641.935.213, an internal rate of return greater than the minimum attractive rate of return of 7% which is 22,76%, and a payback period of 4 years, 3 months, and a day.

Innovation in Railway Investment Financing Through The Land Value Capture Earmarks Scheme

The government of Indonesia is currently working to improve infrastructure, with a particular focus on the railway sector, in order to make transportation more accessible and affordable for all citizens. Therefore, this study aims to determine the reliability of alternative financing for the Land Value Capture (LVC) scheme, especially through earmarks (land tax increase). This scheme is very interesting to examine due to its great implementation potential in Indonesia. In this study, the primary data were obtained from direct measurements in the field of information derived from accessibility factors. Meanwhile, the secondary data were in the form of land price data in the NJOP (Tax Object Sale Value), as well as site structure, and its environment. From this context, the land price forecasting model used the Hedonic method developed into a Log-Log equation and was analyzed by using multiple regression statistical techniques with iterations, to obtain the best model. The LVC calculation also used the calculation formula for Land and Building Tax (PBB), as stated in Governor of Jakarta Regulation No. 77 of 2014. Based on the results, the development stage of the land price forecasting model showed that the independent variables with the most significant contribution (α 0.005) were dominated by accessibility-related factors. In the residential, office, and commercial areas, the maximum increase in land value ranged from IDR 696.8 thousand/m2-IDR 30.5 million/m2, IDR 1.25 million/m2-IDR 41.4 million/m2, and IDR 595.9 thousand/m2-IDR 24.4 million/m, respectively. These estimations were observed with an average increase in the earmarks of all stations at 39.84%. Regarding the initial year of the project operation, the LVC value also obtained the maximum coefficient of the tax difference scheme from 21 stations at IDR 471,941,540,397/year.

Dampak pembangunan Yogyakarta international airport di daerah rawan bencana tsunami dengan dukungan sistem informasi geografis

The construction of a new airport in tsunami disaster prone area in Kulon Progo Regency has been impacting in land use and land value. The changes in land use will impact on changing tsunami hazard model. This research aims to analyze the impact of a new airport on physical changes and land value changes in Temon District with geographic information system. The research begins with inventory of spatial data from various agencies. Multi-temporal image interpretation is resulted in 2015 and 2020 land use maps. Physical changes and tsunami models analysis were carried out using spatial analysis in ArcGIS. The making land value change maps using 2015 and 2021 land value zone maps. The analysis effect of new airports and tsunami hazard using multiple linear regression. Data validation was carried out by sampling techniques and field surveys. The results of spatial analysis is physical growth from 2015-2020 covering an area 418,019 m² and loss of a built area 149,261 m². The changes in the tsunami model from 2015-2020 increased by 118,740 m². The changes in land value from 2015-2021 is increasing the average value of Rp. 1,317,088/ meter² or 652%. The results of multiple linear regression analysis and community interviews concluded that the existence of an airport is very influential on increasing land value compared to the effect of tsunami vulnerability.

Types of financing from land value capture in Transit Oriented Areas in Terminal Baranangsiang

Transportation infrastructure plays an important role in increasing access and accelerating economic growth. The TOD design concept presents an area arrangement that is multi-use in nature and is integrated with the public transport network. Thus, there is another potential that can be captured from the high accessibility in the area, namely the opportunity to increase land value. The increase in land value comes as a result of the benefits obtained directly by residents of the TOD area, including various choices of transportation modes and also savings in transportation costs (Smith and Gihring, 2013). The method for capturing the increase in land value so that it is diverted for the development of facilities and infrastructure around the terminal or station location is known as Land Value Capture (LVC). The concept of Land Value Capture has been widely applied in many developing countries in the world. Among the many mechanisms and tools used in Land Value Capture, Jillella and Newman (2016) explain that joint development is the most widely used mechanism, followed by Tax Increment Financing and Property Tax. Thus in brief, TOD planning aims to increase accessibility in the area, where that accessibility can be converted into other sources of financing for the TOD project itself or the development of public transport infrastructure, through increasing land value with the LVC mechanism.

Developing conservoltaic systems to support biodiversity on solar farms

Despite a booming renewable energy sector in Australia, there are few studies investigating the potential for land sharing between renewable energy and nature conservation. We introduce the concept of conservoltic systems, where solar energy and wildlife conservation can occur simultaneously. Habitat conversion is one of the leading threats to biodiversity globally (Fischer & Lindenmayer, 2007). Renewable energy initiatives such as large-scale solar, wind and hydroelectric power installations have recently boomed, requiring large areas of land for power generation. To offset decreasing land available for biodiversity and nature conservation, land sharing (i.e. using the same land for multiple purposes; Fischer et al., 2008) could maximise land value. Agrivoltaic systems (agriculture + voltaic [solar energy]) are one of the suggested multifunction land uses for renewable energy. In these systems, solar energy and agricultural practices coexist to produce beneficial outcomes for both industries, emerging to better meet the needs for multiple commercial-scale financial returns (Adeh et al., 2019; Dinesh & Pearce, 2016; Dupraz et al., 2011). No such scheme, however, exists for combining solar energy and wildlife conservation in Australia. Here, we introduce the concept of conservoltaic systems to identify and exploit opportunities to combine solar energy production and biodiversity conservation. Innovative design and management strategies on solar farms could contribute to nature conservation. Solar panels may provide suitable habitat and structural complexity for wildlife, including shelter from predators, perch or nesting structures and shading (Nordberg et al., 2021; Figure 1 and 2), which can be enhanced with appropriate management (e.g. targeted habitat restoration activities). Consequently, a few studies from Europe have identified opportunities to enhance pollinator biodiversity on large-scale solar parks (Blaydes et al., 2021, 2022; Montag et al., 2016). Clearly defining the required characteristics of conservoltaic sites and the management required for wildlife to benefit from such opportunities is urgent, especially given the current and rapidly increasing extent of solar farms worldwide (Agha et al., 2020; Nordberg et al., 2021). Furthermore, building solar farms on sites degraded by previous land uses, such as arable cropland or livestock grazing, especially in areas with low productivity, provides an opportunity to minimise land conversion while simultaneously increasing land value by creating habitat for local wildlife. We are, however, lacking research on appropriate locations, configurations and management schemes on solar farms to enhance biodiversity retention and recovery. We urgently require empirical data on wildlife use of solar farms and adjoining areas to successfully identify land sharing opportunities of hybrid landscape designs, or ‘conservoltaic’ systems. A collaborative approach across industry, land managers and research organisations is needed to facilitate land management schemes that promote energy production and conservation actions simultaneously (Moore-O'Leary et al., 2017). Eric J. Nordberg: Conceptualization (equal); writing – original draft (lead); writing – review and editing (equal). Lin Schwarzkopf: Conceptualization (equal); writing – original draft (supporting); writing – review and editing (equal). Open access publishing facilitated by University of New England, as part of the Wiley - University of New England agreement via the Council of Australian University Librarians. There is no raw data associated with this article.

Customary land ownership and land use change in Kumasi: An issue of chieftaincy sustenance?

Like many African countries, Ghana operates a pluralistic land tenure system – customary and state ownership exist conterminously. Land-use planning is largely a state function, but the involvement of chiefs who are custodians of about 78% of the lands is significant. The main aim of this paper is to examine how customary land ownership affects land-use change. This was done by specifically examining (i) the causes of selected land-use changes, and (ii) chieftaincy sustenance in relation to land ownership and land-use change. The study uses primarily qualitative approaches, with an in-depth study of multiple cases in Kumasi. Data were collected from several sources through face-to-face interviews, documentary reviews, observation, and focus group discussions. Data were analysed using the content analytical approach via the aid of Atlas ti, a qualitative analysis tool. The study’s major contribution to land-use planning and urban governance is the chieftaincy sustenance which came out as a crucial factor for land-use change. Other factors include increasing land values, urbanisation, land ownership disputes, and the government’s mal-handling of acquired lands. The customary land ownership system being embedded in African societies means that chieftaincy continues to be powerful in the management of the cities. Thus, chieftaincy sustenance should be a matter of concern in urban planning and governance. We call for increased collaboration between the traditional authorities and the State systems to actively govern land-use planning at the local government level.

Quantifying state-led gentrification in London: Using linked consumer and administrative records to trace displacement from council estates

Over the past 20 years, increasing land values, a rising population and inward investment from overseas have combined to encourage the demolition and redevelopment of many large council-owned estates across London. While it is now widely speculated that this is causing gentrification and displacement, the extent to which it has forced low-income households to move away from their local community remains to a large degree conjectural and specific to those estates that have undergone special scrutiny. Given the lack of spatially disaggregated migration data that allows us to study patterns of dispersal from individual estates, in this article, we report on an attempt to use consumer-derived data (LCRs) to infer relocations at a high spatial resolution. The evidence presented suggests that around 85% of those displaced remain in London, with most remaining in borough, albeit there is evidence of an increasing number of moves out of London to the South-East and East of England.

Land use change as one of the indicators to formulate the gentrification phase at the diponegoro university semarang

Campus as an educational area is one of the areas with the most potential for gentrification. It happened in the Diponegoro University area which first began in 1980 until now. The occurrence of gentrification in the Diponegoro University area has been proven by previous research which shows that this area shows the characteristics of gentrification seen from the physical, social and economic aspects. However, the exact stages / phases of gentrification in the region are not known. Many factors can be used to assess the development of the gentrification phase, such as land cover and changes. The main aim of the present research is to formulate the phase of gentrification occurred in the Diponegoro University based on land use changes from 2006 to the present. The method used is a spatial analysis of image processing in series. The satellite imagery used is the GeoEye-1 type in 2007, 2012 and 2019. The results show that the gentrification phase starts with the entry of immigrants, which is followed by an increase in land values, changes in the face of the area and the migration of indigenous people to other areas. Changes in the area can be seen from the reduced agricultural land area, to the increase number of housing clusters and the emergence of city-scale commercial facilities. The total addition of built-in land in the study area from 2007 to 2019 was 301,171 Ha, with the urban village having the largest increase being Meteseh with the addition of a total built land of 66,913 Ha.

The political economy of land value capture in the UK: Rent and viability in Salford’s new municipalist turn

This paper contextualises the political economy of land value capture (LVC) within the shift to an increasingly financialised, rentier-dominated capitalism. Contributing to an emerging dialogue between social constructivist planning literature on performativity in LVC and the critical political economy literature on rents and rentiership, we overview Salford's planning policy trajectory in recent decades in order to highlight how the UK planning system has increasingly been reconfigured as a mechanism to increase land values. In doing so, we explore both Salford's shift to neoliberal planning and its municipal socialist counter-turn in recent years, reflecting on how the centrality of LVC to the latter still leaves it dependent on rentier logics. In doing so, we locate these policy conjunctures within the governance dynamics of Britain's transformation into a rentier economy; wherein the stimulation, disbursement and capture of land values have become central objects of spatio-economic policy.