Asti Widyahari Talks about Valuation Strategy for Land Acquisition in Indonesia at PPC Kyoto 2016

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Japan Association of Real Estate Appraisers (JAREA) is hosting the 28th Pan Pacific Congress of Real Estate Appraisers, Valuers and Counselors in Japan at the Kyoto International Conference Center, from September 26 to 29 2016. The theme of the Congress is “Toward Expanding the Role and Expertise of the Valuation Profession in an Ever-Changing Global Economy.”

One of the speaker at the congress is Ni Luh Asti Widyahari. She talked about a new valuation strategy for land acquisition in Indonesia. Her topic is “Semi-Mass Valuation Strategy for Land Acquisition of Public Infrastructure Development in Indonesia”.

She said that in 2016, Indonesian government focuses on accelerating infrastructure development to increase the growth of national economic. The development of infrastructure requires an available land, even land acquisition. The land acquisition for public interest has been issued under the Indonesian Laws, Law No. 2 of 2012 and its derivative regulations.

The Law No. 2/2012 states that the implementation of the valuation need to be done in 30 (thirty) working days. However, some cases of land acquisition have a very large area with high numbers of asset owners so that it becomes impossible to make it only in 30 working days. In addressing this, it is necessary to have a strategy on compensation valuation in order to accelerate the infrastructure development in Indonesia.

The purpose of her study is to find a strategy of semi-mass valuation to accelerate public infrastructure development in Indonesia, which is still in accordance with regulation, laws, and the Indonesian Valuation Standards. The objectives are to accelerate the data verification stage and the analysis stage.

The strategy on data verification stage is by using surveyors. By all means, before the surveyors start working, valuer conduct a pre-survey to collect database to be used for the need of data analysis by using a computerized method. Computerized method is used in order to avoid a manual miscalculation. So that, the inputted data will directly produce a compensation value as the output. The computerized semi-mass valuation strategy can be used for any valuer.

She said, these techniques and method is able to save either time, energy, cost and accelerate the public infrastructure development in Indonesia.

Asti Widyahari
Property Valuer & Consultant

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