Research Paper
Year: 2020 | Month: January | Volume: 7 | Issue: 1 | Pages: 194-199
Analysis Highest and Best Use (HBU) in Optimizing of Empty Land Use in Areas around Kualanamu International Airport Deli Serdang Regency
Nia Lidya Angelina Nainggolan1, Sukaria Sinulingga2, Elisabet Siahaan2
1Postgraduate Students, 2Postgraduate Lecturer,
Department of Property and Valuation Management at Universitas Sumatera Utara, Indonesia
Corresponding Author: Nia Lidya Angelina Nainggolan
ABSTRACT
Analysis highest and best use (HBU) is one method that can be used in optimizing the utilization of vacant land located in Area Kualanamu International Airport Deli Serdang Regency, Sumatera Utara Province, because there is vacant land that included broad and not yet well developed. The purpose of this study was conducted to identify the need for action is the potential to develop in the area of research, to achieve these targets used analysis toolscoring. At this stage, scoring for each type of land use by using a scale likert and test the feasibility of land use, to achieve this goal used analysis highest and best use. At this stage will be determined alternative types of land use where the most potential to develop and which has the highest value and best use of land in the study area. The results of this study indicate that based analysis highest and best use by physical factors to alternative land use for housing, as warehousing (ware house), and as the hotel is allowed to do, based on legal factors to alternative land use for housing and as warehousing granted, while the use as a hotel is not authorized, based on financial factors to alternative land use for housing meets the four (4) eligibility criteria the best, ie NPV, IRR, and Payback Period biggest BCR smallest, based on the highest value is the use of land as a housing based on the highest land value. The value of the land if developed as housing is Rp. 400.792,-/sqm or increase the value of land by 802 percent compared to the market value of vacant land that no research location is Rp. 50.000,-/sqm.
Keywords: Highest and Best Use, Physical Factors, Legal Factors, Financial Factors
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