Optimization Analysis Of The Use Of Vacant Land At Komplek Taman Setia Budi Indah I Medan

Abstract

Komplek Taman Setia Budi Indah 1 Medan Sunggal (Tasbih 1) around 98% of both empty lots and houses have been sold, but it is necessary to think about improving the comfort of the residents by maximizing the assets that are still there and have not been managed such as the utilization of vacant land. For that, there is a need for infrastructure improvements and the addition of new attractive facilities that can be enjoyed by the residents of the complex, which can increase the comfort of living in the complex. In Medan's Taman Setia Budi Indah housing estate, it currently has an asset in the form of empty land that has not been utilized at all with an area of -/+ 36,000 m2. It is necessary to analyze the Highest and Best Use of the utilization of the empty land, the result of which is expected to be a win-win solution that can meet the needs of the developer and the residents of the complex. The type of research conducted is quantitative descriptive research where the data obtained from the research population sample is analyzed according to the statistical methods used and then interpreted. The research starts from December 2021 until April 2022. The data analysis on the alternatives selected in this research uses the principles of Highest and Best Use, namely (1) Analysis of the types of alternatives viewed from the legal aspect. (2) Analysis of alternative types viewed from a physical aspect. (3) The analysis of alternative types is reviewed from the aspect of maximum productivity. (4) Analysis of financially eligible use (Capital Budgeting) Capital Budgeting is the entire process of planning and decision-making regarding the release of funds where the return period of the funds exceeds one year (capital expenditure). . From the results of the analysis of the legal aspect and the analysis of the physical aspect, there are 2 alternative properties, namely the first Convention and the second Convention & Food Court. From the results of the Highest and Best Use analysis that has been done between the first alternative of the Convention and the second alternative of the Convention & Food Court, the first alternative of the Convention's land value is Rp10,316,827/m2 with the highest productivity of 210.55%, It can be concluded that the allocation of land for property development in the Komplek Taman Setia Budi Indah 1 area with the Convention building is the best use alternative for the residential land of Komplek Taman Setia Budi Indah 1.