DETERMINANTS OF PUBLIC ASSET VALUE FOR LAND PROPERTY: A STUDY IN THE CITY OF TANGERANG, INDONESIA
DOI:
https://doi.org/10.21837/pm.v19i17.1000Keywords:
Strategic Asset Management, public property fair value, City of Tangerang, public asset revaluationAbstract
Public lands take a huge portion of the government balance sheet in many countries, necessitating the need to reevaluate public assets for accurate financial reports, informed decisions, and optimized performance in strategic asset management. This study aimed to determine how the land area, location, shape, road width, and distance to the CBD affect the value of public land. A quantitative method with multiple regression was used to analyze primary data collected from the Public Asset Revaluation Report in the City of Tangerang from 2017 to 2018. The subject was made of 62 plots of public land chosen through population sampling. The results showed that land area and distance to the CBD significantly and negatively affected the public property value, while the road width had a positive effect. However, the location and shape of the public land did not affect its value.Downloads
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