Quantitative study of water impact on land value in Jakarta

Abstract

This research tries to fill the gap of empirical studies to demonstrate how water, both in terms of its role as a resource and disaster, is integrally related to the value of land. This study involves four water-related measures categories: source, disaster, supply, and infrastructure. The eight independent variables were tested upon Jakarta’s 3,725 land value zone samples. It is found that areas with more accessibility to wastewater management infrastructure have land value of IDR 476 per square meter higher than average. In contrast, land value in areas with higher risk of being affected by a flood is IDR 470.91 per square meter lower than average. This research signifies the importance of integral policy of clean water provision as well as water-related disaster prevention in urban areas.

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