Economics, Econometrics and Finance
8 years ago

Locational attributes drive new house prices in Indonesia's Greater Jakarta Area.

Pacific Rim Property Research Journal
An Hedonic Price Model of New Housing in Indonesia
Supardi Samapatti, Linda Tay

Paper Summary

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The study looked at new housing prices in Jakarta, Indonesia. They found that different sizes of housing developments don't follow the same pricing model. Small developments have factors like structure and location affecting prices, while medium and large developments are mainly influenced by location.