Journal Research of Social Science, Economics, and Management
Vol. 4 No. 7 (2025): Journal Research of Social Science, Economics, and Management

The Relation of The Urban Settlement Quality Improvement Program and Land Prices: Case Study DKI Jakarta

Rizka Amalia (Universitas Indonesia)
Khoirunurrofik Khoirunurrofik (Universitas Indonesia)



Article Info

Publish Date
28 Feb 2025

Abstract

The Urban Settlement Quality Improvement Program was implemented in 220 slum areas (RW) in DKI Jakarta between 2018 and 2022, focusing on physical and non-physical aspects of urban quality. This study measures the impact of this program on land prices within these areas. Using the Staggered Difference in Differences (DiD) method, it was found that land price increases in developed areas showed weak statistical significance, with an average rise of Rp 68,919 per square meter compared to control areas. These findings suggest that the program’s primary objective was enhancing quality of life rather than directly influencing land values. These insights are essential for designing more integrated urban policies in rapidly urbanizing cities like Jakarta.

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Journal Info

Abbrev

jrssem

Publisher

Subject

Environmental Science

Description

The Journal Research of Social Science, Economics, and Management is a double-blind peer-reviewed academic journal and has open access to social and scientific fields. The journal is published monthly once by CV. Publikasi Indonesia. The Journal Research of Social Science, Economics, and Management ...