II.

Teoritican Basis/Literature Studies

Definition of land according to Jayadinata (1999 : 10 ) is already existing land

designation and are generally owned and used by individuals or institutions to be cultivated .
The land is part of the earth's surface, including the body of the earth below and under the
water directly controlled by the state or owned by an individual or an entity authorized by
law. According to the Indonesian Appraisal Standard ( SPI , 2013 : KPUP-4 ), the value is the
opinion of the economic benefits of ownership of the asset, or the most likely price paid for
an asset in exchange, so the value is not a fact . Assets interpreted also as goods and services.
Value in exchange is a hypothetical price, where the hypothesis of value estimated and
determined by the purpose of the assessment at a particular time. Value for owners is an
estimate of the benefits to be gained by certain parties on a possession.
According to the Indonesian Appraisal Standards ( 2013 : KPUP 17-18 ) there are
three approaches that can be explained and defined that market data approach, the cost
approach and the income approach. According to Supardi, et al (2010 : 120-121 ) method can
be used if the land development land assessed located in an area that has been growing, and
the market data wajardari land in the area is difficult to obtain, but the market data for the
type of property that has been developed can be obtained, such as rental houses, shops ,
offices, hotels, shopping centers ( malls ), gyms, and convention center. Based on the
Appraisal Institute (2008 ; 561-564 ), reconciliation of values is an analysis of the various
conclusions values to obtain an estimate of the final value with three important criteria

III.

Research Method

Object of this research is an empty plot with an area of 50.000m2. Primary data
collection techniques with direct observation at the field to collect data in the form of
physical data, location data, and the property market research data on the research object.
Secondary data comes from documentation from the Central Bureau of Statistics ( BPS )
Badung and the Bali Province, Regional Development Planning Board (Bappeda ) of Bali,
the Office of Public Appraisal Service MBPRU, and the Indonesian Appraiser Society, which
is also accessible on the site.
The analytical method used in this research are Land Development Analysis ( LDA ).
The mechanism of LDA method is land/soil is assumed to be developed into a property in
accordance with existing regulations, then determine an indication of income or market value
of the land is the highest and best, by determining the projected revenue generated during the
period of development. The value of land is the difference between the value of the
development properties (gross development value ) minus the cost of development
(development cost).

V.

Conclution and Suggestion

1.

Conclution

Assessment of vacant land in Ungasan village, sub-district of South Kuta, Badung, Bali
Province wears two valuation approaches, those are the market data approach and the income
approach with the method of Land Development Analysis ( LDA ). Vacant land is assumed to
be a luxury housing with a land area of 50,000 square meters . It can be deduced as follows.
a. Analysis of calculation by the market data approach using three comparable property
in the form of empty land obtained results indicated fair market value of vacant land
for Rp142.000.000.000,00 research object to the price per m2 of vacant land for
Rp2.840.000,00
b. Analysis of calculation by the income approach using Land Development Analysis
( LDA ) showed wasteland assumed to be developed into luxury housing market
generating value for Rp168.201.200.000,00 land, with land prices per m2 for
Rp3.364.000,00
c. The results of the reconciliation of the value of the market data approach and the
income approach after the reconciliation obtained the land value is
Rp154.571.300.000,00, with the prices of the land at Rp2.938.059,00 for each meter
square.
2.

Implication

Results of research on 50.000m2 private property vacant land located in Ungasan

Village , District of South Kuta, Badung, Bali Province, using the income approach with the
method of Land Development Analysis ( LDA ). LDA method shows the land can be
harnessed and developed into luxury housing
3.

Limitation of the Researc

Limitations of the researcher in this research is the lack of international reference

library because of the difficulty of finding appropriate literature analysis tool that use the
Land Development Analysis ( LDA ) as the reseearch method . Unavailability of data base
land value, to be a factor in determining the time of the inefficiency of the preparation
method of the property market data.
4.

Recomendation
a.

From the research results obtained by the researchers , landowners and land
developers can consider the research object of policy decision-making in the
development of the research object land in a sustainable manner .

b.

For further research on land appraisal object of research , there should be

further study to determine the potential of land in an effort to determine the
optimal value of the land.