| Summary: | The cemetery is a public facility that must be available when there are
residential communities. The presence of cemetery in the vicinity of the residence
its own impact. Cemetery provide convenience to the residents nearby to bury the
corpse when someone dies. But the cemetery has the potential to spread toxic
substances due to the decomposition process corpse are buried in the cemetery.
Both effects are associated affect residential property values around the
cemeteries.
This study has two objectives. First, analyze the influence of the Precet
cemetery on the value of land and houses around the Precet cemetery as the
Subject Area with the value of land and houses in areas not directly affected by
the presence of the Precet cemetery as a control area. Second, analyze the
influence of the distance of the cemetery, the quality of building, land size,
building size, and distance to the CBD on its value. The analysis tools in the form
of two different test average and multiple regression analysis with log-lin model.
The results showed that the average value of homes in the subject area is
lower than the average value of land and houses in the control area. The value of
land and houses are significantly influenced by the distance to the cemetery, the
quality of buildings, land area, building area, and distance to the central business
district (CBD). The value of houses will go up 0.000757 percent for each
additional distance of 1 meter from the Precet cemetery. Houses with good
building quality, higher value of 9.2 percent compared with houses that quality is
not good. Each additional 1 square meter area of land will increase the value of
houses at 0.001335 percent. Each additional 1 square meter building area will
increase the value of houses at 0.003977 percent, and the value of houses will
decrease by 0.000162 percent for every additional 1 meter distance from the
central business district (CBD).
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