| dc.description.abstract | Research on shophouses value modeling in Makassar City is still limited, so people and developers have difficulty determining a fair price. The community has no reference in bidding prices, while developers have difficulty setting prices acceptable to the market. So far, appraisers have only used the market. So far, appraisers have only used the market approach with three comparative data, so the analysis of factors affecting the value of shophouses is limited. In addition, appraisers have not considered the spatial affect between shophouses, so the value relationship between shophouses in an area has not been well mapped. This research analyzes the effect of designation, number of floors, land area, building area, certificate type, position, road width, road material, and elevation on the value of shophouses in Makassar City. This study also measured the spatial effect in determining the value of shophouses. The researcher used data from the Regional Executive Board of the Indonesian Appraisal Professional Society (MAPPI) in the Sulawesi, Maluku, and Papua regions, with 101 shophouse samples selected using purposive sampling. Data analysis was conducted using the Structural Equation Modelling (SEM) method using the R 4.3.2 application. The results showed that building area, certificate type, and road width significantly affected the price of shophouses. Meanwhile, other factors did not have a significant effect. Spatial analysis revealed a positive relationship of 0.3 between shop values, with the analyzed factors contributing 81.7% to the shop value | en_US |
