Putra, Safwira Guna (2021) Capitalization rate on residential sector in Mataram. Iqtishaduna: Jurnal Ekonomi dan Keuangan Islam, 12 (2). pp. 250-263. ISSN (P) 2087-9938 (E) 2655-9714

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Abstract

ENGLISH The capitalization rate is an important factor and must be presented in order to valuing a property applying income approach and direct capitalization method. This paper attempt to measure the capitalization rate on residential sector in district of Mataram through the overall capitalization rate theory developed by the International Association of Assessment Officers. Measurements of central tendency and dispersion were conducted to find out early indications related to the characteristics and tendencies of the capitalization rate. In addition, regressivity and progressivity test was conducted through simple regression analysis and Spearman rank test correlation to determine the lease pattern. Utilizing purposive sampling as many as 70 samples were divided proportionally according to number of sub-district. This research showed that average capitalization rate in district is 4.39%, while average capitalization rate for each subdistrict varied widely from 3.7% to 5.31%. Individually, the highest capitalization rate is 6.15% and the lowest is 3.33%. Higher capitalization rate indicated higher percentage return than lower capitalization rate. Regression and correlation analysis showed that capitalization rate tends to regressive against market price or there is a regressive relationship between capitalization rate and market price. The interesting result of this paper is a property with higher market price has lower percentage return than a property with lower market price, and vice versa.

Item Type:	Article
Uncontrolled Keywords:	capitalization rate; residential sector; regressivity and progressivity
Subjects:	12 BUILT ENVIRONMENT AND DESIGN > 1201 Architecture > 120111 Architecture of Residential and Related Buildings > 12011102 Special-purpose Housing (incl. Hotel, Vacation Houses) 12 BUILT ENVIRONMENT AND DESIGN > 1205 Urban and Regional Planning > 120503 Housing Markets, Development, Management 16 STUDIES IN HUMAN SOCIETY > 1699 Other Studies in Human Society > 169905 Studies of Lombok or Sumbawa Peoples' Societies
Divisions:	Fakultas Ekonomi dan Bisnis Islam > Jurusan Ekonomi Syariah
Depositing User:	Syahrul Gunawan Adita, S.E
Date Deposited:	22 Feb 2023 04:25
Last Modified:	22 Feb 2023 04:25
URI:	http://repository.uinmataram.ac.id/id/eprint/2008

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