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Highest and Best Use Analysis : Case Study of Vacant Land In Denpasar I Wayan Priyana Sudharma; Dian Ayu Rahmadani
Advances in Global Economics and Business Journal Vol. 1 No. 2 (2020): Advances in Global Economics and Business Journal (AGEBJ)
Publisher : Global Academia Publisher

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Abstract

Denpasar City is the capital of Bali Province, in the last few years the property business has developed quite rapidly. Jl. Teuku Umar Barat is one of the main roads in the city of Denpasar. In this area there are also empty lands that have not been utilized so that they do not provide maximum economic benefits. So that in order to maximize the economic benefits that vacant land can provide, a Highest and Best Use (HBU) study is needed. The Goal of Highest and Best Use analysis is determining whether or not the property is being used for its most profitable permitted use. The results of the HBU analysis show that the alternative mixed-use building hotel covering an area of 3,645 m2 and a shophouse covering an area of 8,910 m2 results in an NPV value is IDR187,637,261,135 and the land value is IDR 120,932,881,135 or an increase of 39.11% from its initial value.
Asset Optimization in Gili Air Island, Lombok I Wayan Priyana Sudharma; Dian Ayu Rahmadani; Putu Ayu Meidha Suwandewi
Advances in Global Economics and Business Journal Vol. 2 No. 2 (2021): Advances in Global Economics and Business Journal (AGEBJ)
Publisher : Global Academia Publisher

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Abstract

Gili Air Island is one of the three islands located in North Lombok Regency, Indonesia. It is a part of the Gili Tramena National Tourism Strategic Area. Tourism in Gili had been proliferating in 2013-2017. Due to the Lombok earthquake in mid-2018 and Covid-19 pandemic, however, tourism on the island has not yet reached its maximum potential. This paper applied Highest and Best Use (HBU) analysis to determine the most economic benefits an asset can provide. HBU analysis aims to determine whether or not the property is being used for its most profitable permitted use. The results of the HBU analysis show that the private villa covering an area of ​​1,144 m² results in an NPV value IDR20,100,000,000 and the land value is IDR3,090,000,000 or an increase of 85.47% from its original value.
Key Variables on Property Marketing in Bali: Application of Micmac Method Gde Bagus Brahma Putra; I Wayan Priyana Agus Sudharma; Dian Ayu Rahmadani
Asia Pacific Journal of Management and Education(APJME) Vol 3, No 1 (2020): Asia Pacific Journal of Management and Education (APJME)
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/apjme.v3i1.741

Abstract

Bali as a tourism area has its own charm and positive economic potential for the property business. Organizational and management aspects are needed to determine business strategies. This certainly affects the decision for investors in investing in the property sector that is most popular. This study seeks to analyze the key variables that affect the development of the property business in Bali in the long run. MICMAC (Matrix of Cross Impact Multiplications Applied to a Classification) is used to identify variables that influence the sustainability of property marketing in Bali.
ECONOMIC VALUATION OF TANAH LOT TOURIST ATTRACTION: TRAVEL COST METHOD AND CONTINGENT VALUATION METHOD Dian Ayu Rahmadani; I Wayan Priyana Agus Sudharma
International Journal of Applied Science and Sustainable Development (IJASSD) Vol. 2 No. 1 (2020): International Journal of Applied Science and Sustainable Development (IJASSD)
Publisher : Unmas Press

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Abstract

This study, entitled "Economic Valuation of Tanah Lot Tourist Attraction: The Travel Cost Method and The Contingent Valuation Method".The objective of the study is to estimate the economic value of Tanah Lot tourist attraction withthe travel cost method and the contingent valuation method based on domestic and foreign tourists.The variables used in this study are the dependent variable (number of visits and willingness to pay) and the independent variable (travel expenses, income, time, quality, and presence or absence attractions substitution).The data used in this study are the primary data that answer of the questionnaire from 100 respondents and the secondary data, data on the number of visitors Tanah Lot tourist attractions. The conclusion of the study is the economic value of Tanah Lot tourist attraction based on the travel cost method is the combination of domestic travelers and foreign tourists were in the range of Rp100.637.045.895.000,00 to Rp590.826.836.085.000,00 with average economic value of Rp294.535.273.042.000,00 and the economic valuation of Tanah Lot tourist attraction based on the contingent valuation method is the combination of domestic and foreign tourists were in the range of Rp52.623.720.045,00 to Rp Rp209.324.845.665,00 with average economic value of Rp122.387.253.768,00.
Key Variables on Property Marketing in Bali: Application of Micmac Method Gde Bagus Brahma Putra; I Wayan Priyana Agus Sudharma; Dian Ayu Rahmadani
Asia Pacific Journal of Management and Education (APJME) Vol 3, No 1 (2020): Asia Pacific Journal of Management and Education (APJME)
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (323.372 KB) | DOI: 10.32535/apjme.v3i1.741

Abstract

Bali as a tourism area has its own charm and positive economic potential for the property business. Organizational and management aspects are needed to determine business strategies. This certainly affects the decision for investors in investing in the property sector that is most popular. This study seeks to analyze the key variables that affect the development of the property business in Bali in the long run. MICMAC (Matrix of Cross Impact Multiplications Applied to a Classification) is used to identify variables that influence the sustainability of property marketing in Bali.