The Impact of Spatial Layout on Commercial Property Value (Case Study: Tomang Baru Square, Tangerang)

Richard Feliandi; Yosephine Sitanggang

doi:10.36448/ja.v15i2.4008

The Impact of Spatial Layout on Commercial Property Value (Case Study: Tomang Baru Square, Tangerang)

Richard Feliandi, Yosephine Sitanggang

Abstract

Tangerang regency has an extensive administrative area, so it is natural that many settlements are closer to the government centers of other region such as the government center of Tangerang city than to the government center of Tangerang regency, such as Villa Tomang Baru residential. The strategic location and many supporting factors should make Villa Tomang Baru has a high value, but there are shop houses in the middle of the housing that have very few visitors and even tenants, which is Tomang Baru Square. Therefore, the purpose of the paper is to analyse the impact of commercial space layout on property value in Tomang Baru Square. The analysis was carried out with a qualitative method by collecting observation data and doing literature studies. From the literature study, the author found several research parameters for the spatial layout variable and the property value variable. After gathering literature and doing observation and analysis, the author found that spatial layout has a significant influence on property value. In this study, the property value of Tomang Baru Square which includes utility, scarcity, effective demand, and transferability aspects were analysed through spatial layout variables which consist of anchor, supporting activities, integration and accessibility, building visuals, comfort and safety. Based on the analysis result, it was found that the utility, effective demand, and transferability aspects were still not being fulfilled and therefore the property value has decreased.

Keywords

spatial layout; commercial area; property value

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DOI: http://dx.doi.org/10.36448/ja.v15i2.4008