| Summary: | The purpose of this research is to analyze determinants of (positive)
deviation between auction price and reserve price of mortgage auction in KPKNL
Medan. The object in this research is real property such as land with or without
building. The variables used are number of bidders in mortgage auction, distance
between real property and down town/central business district, width of road in
front of the real property, and dummy variable that is types of real property.
Data that used in this research are from 40 samples of real property
mortgage auction in KPKNL Medan from January 2011 until December 2012.
The sample size of the research is 68 auction minutes. This research analysis use
Ordinary Least Square (OLS).
The research found that mean deviation between auction price and reserve
price of mortgage auction in KPKNL Medan is 5,57 percent with standard
deviation of 8,73 percent. The research also show that number of bidders, distance
between real property and down town/central business district, width of road in
front of the real property, and types of property are factors influence significantly
to deviation of auction price and reserve price.
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