The power of accessibility to land price in Semarang urban corridors, Indonesia

Abstract

Urban land demand tends to keep increasing as a result of economic and population growths. The high intensity of activity will bring changes to land value. The corridors of Semarang - Ungaran and Semarang – Mranggen have significant differences in land values despite being at relatively the same distance to city centre. Similarly, the rate of land price change in these two corridors are also different. The study aims to examine and prove the effect of distance to city centre toward land price in downtown areas by employing statistical correlation analysis and accessibility calculation. The result reveals that distance to city centre has no longer effect land prices. It was found that the farther from the city centre the land prices decreases gradually but increases at road nodes that connect to the trip generation points such as toll road gate, residential area and commercial area or shopping centre.