Two Trends High Land Prices in Yogyakarta


Yogyakarta. Mpi-update. The price of land in Yogyakarta and surrounding area continue to rise sharply, and even reached fantastic from the range from Rp 1.5 million per meter, up to Rp25 million per meter.

“In the downtown area such as Malioboro, land prices offered already reached more than Rp25 million per meter, and the area over the edge, like Kota Gede around Rp1.5 million per meter, “says Researcher Study Center for Transportation and Logistics (Pustral) Universitas Gadjah Mada (UGM), Kurniawan Dwi Ardianta in Yogyakarta on Tuesday 13/12),.

According to him, the high price of land does not diminish the interest of buyers, both residential investors and private buyers. This was evidenced by the still rampant physical development throughout the region of Yogyakarta and surrounding areas.
The high price of land in Yogyakarta is still growing, showing the magnitude of the demand for land in the region, he said.

He said both the cause the high price of land in Yogyakarta is, first, Yogyakarta and surrounding area is the area that is interesting enough to stay. Impression as a comfortable area with a high life expectancy, making Yogyakarta region as one of the favorite choice to reside.

“In addition to the convenience factor, factor living facilities, especially education, can be another motivation. Factors past memories can also be a trigger, when many of those who had studied in Yogya eventually want their children to attend school in the city, while spending days old after retirement, “said Dwi.

Second, he said , as a result of the high attractiveness as a place to stay, this area eventually also attract business. In a cozy and recreational area, growing culinary industry, which had appeared and disappeared one after another.

In addition, as a support service industry is developing rapidly, such as laundry services, car wash, haircut, entertainment and so on. Beyond that, the industry, which traditionally has featured such as tourism and education also grew more rapidly.

Therefore, he said, the settlement activity and the business was necessary to land as a commercial activity. This led to high demand for land that triggered soaring prices of purchase and lease of land. At this level, the land is no longer simply a factor of production, but it already is a commodity traded.

“Not surprisingly, the growth of land prices also craze. Perhaps up to 30 percent per year. This indicates, the high growth in prices is not only due to demand. But also speculators who wish to take advantage of the land business, “he said. (Ant.)

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