Abstract :
The study aims to analyzed the optimization of vacant land assets owned by PT JKL, strategically located on Jalan Kayu Putih Raya in East Jakarta. The area is characterized by high mobility, making it essential to assess the land use for optimal efficiency. This assessment will identify the most suitable land use according to the highest and best use principle, which maximizes both building potential and profitability from permissible uses. The analysis resulted in a mixed-use building concept that integrates the functions of a hospital with service apartments. This combination is estimated to generate the highest and best increase in land value, at IDR 74.89 million per square meter, and a 222.79% increase in productivity after development. Over an investment period of more than ten years, the project is expected to generate a net present value of IDR 240.72 billion, an internal rate of return of 17.72%, and a payback period of 9 years and 11 days.
Keywords :
Asset Optimization, Highest and Best Use Analysis, investment, Vacant Land.References :
- Angkasa Pura. 2023. The Flight Operation Safety Area Regulation. https://kkop.angkasapura2.co.id/publik/map_index/10#
- Appraisal Institute. 2020. The Appraisal of Real Estate 15th Chicago: Appraisal Institute.
- Gitman, L. and Zutter, C. 2015. Principles of Managerial Finance, Fourteenth Edition. London: Pearson Education.
- Harjanto, B. and Hidayati, W. 2016. Konsep Dasar Penilain Properti. Yogyakarta: BPFE.
- Juwana, J. 2055. Panduan Sistem Bangunan Tinggi untuk Arsitek dan Praktisi Bangunan. Jakarta: Erlangga.
- Regional Financial Management Agency, BKPD. 2023. Laporan Keuangan Pemerintah Daerah Provinsi DKI Jakarta. Jakarta: PPID
- Republik Indonesia. 2017. Peraturan Menteri Agraria dan Tata Ruangan/ Badan Pertahanan Nasional, https://peraturan.bpk.go.id/Details/103802/permen-agrariakepala-bpn-no-17-tahun-2017.
- Republik Indonesia. 2022. Peraturan Gubernur Daerah Khusus Ibukota Jakarta Nomor 31 Tahun 2022 tentang Rencana Detail Tata Ruang Wilayah Perencanaan Provinsi. https://peraturan.bpk.go.id/Details/228166/pergub-prov-dki-jakarta-no-31-tahun-2022
- Rosyadi, et al. 2023. Optimization of Idle Assets of The Ketapang Regency Government with The Highest and Best Use Method to Increase Local Origin Revenue. International Journal of Social and Research, 1385-1396.
- Siregar, D. 2004. Manajemen Aset. Jakarta: Gramedia.
- Sudharma, et al. 2021. Asset Optimization in Gili Air Island, Lombok. Global Economics and Business Journal, 37-45.
