| Summary: | The purpose of this research is to analyze the influence of location
elements on residential land value in Malang Regency, with the objects of study
are several residential areas around the circumference of city. Analysis method
applied on cross sectional data in this research is multiple regression analysis. The
dependent variable used in this study is the residential land value and the
independent variables are distance to the main road, city centre (main CBD), sub
central business district (sub CBD), offices, center of transportation, colleges,
recreational area, and the dummy variables such as mountain view, many
residential neighborhoods in the surrounding area, the availability of public
transport modes through to the residential gate and the condition of the residential
areas is newly built.
The data used in this research were cross section data covering 58 samples,
taken by using purposive sampling technique. Residential land value data was the
result of assessment of an Office of Public Appraisal Services converted entirely to
the September 15
th
2012 as the date of the research. Distance data (route distance)
were measured by using the Google Earth ruler facilitiy. From fourth alternative
model applied that are linear, semilog (log-lin and lin-log) and double-log, doublelog
model w er e ch o sen as the best.
The results showed that only five variables of distance and two dummy
variables that affect the residential land value. The variable distance to the center
of transportation, sub CBD, offices and colleges give a negative influence
significantly to residential land value. In contrast, the distance to the main road and
dummy variables such as many residential neighborhoods in the surrounding area,
the availability of public transport modes through to the residential gate give a
positive influence significantly to residential land value. The results of this
research indicate conformity with the theory and previous hypothesis except the
distance to the main road give positive influence significantly because likely the
object of study is a segment of the residential property, so consumers do not like
with nuisance of traffic and noise from the main road.
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