VALUE OF BUILDINGS IN VOLCANIC VULNERABILITY: A CALCULATION CONCEPT
DOI:
https://doi.org/10.21837/pm.v19i17.1017Keywords:
volcanic vulnerability, building, cost approach methodAbstract
Indonesia has diverse geographical conditions in each region that causes different impact in assessing real estate value, one of which is the active mountains especially in Ternate, North Maluku. This research discusses the experience of volcanic hazards that influences the model of cost valuation method in building. Drawing on technical calculation, the paper first examines the historical volcanic hazard at Mt. Gamalama, Ternate, Province North Maluku. This work also introduces in how volcanic vulnerability requires a specific approach to play complementary roles in appraising the real value of a building. Following cost approach method, by computing the specific formula to determine the characteristic of a building which directly related to its depreciation, this model predicts the implications of the expected value of a building which is typically located in the volcanic vulnerability.Downloads
References
Birkmann, J. & Wisner, B. (2006). Measuring the un-measurable. The challenge of vulnerability. Studies of the University: Research, Counsel, Education— Publication Series of UNU-EHS, No. 5/2006.
Cotrell, E. (2015). Global Distribution of Active Volcanoes. In: Papale, P. Volcanic Hazards, Risks, and Disasters. Elsevier.
De Terte, I., Becker, J., & Stephens, C. (2009). An Integrated Model for Understanding and Developing Resilience in the Face of Adverse Events. Journal of Pacific Rim Psychology, 3(1), 20-26. doi:10.1375/prp.3.1.20.
Directorate General of State Asset Management (2013). Surat Edaran Nomor SE-4/KN/2013 tentang Penyusutan/Depresiasi pada Penilaian Bangunan
Directorate General of State Asset Management (2019). Keputusan Direktur Jenderal Kekayaan Negara Nomor 12/KN/2019 tentang Perubahan Kedua atas Keputusan Direktur Jenderal Kekayaan Negara Nomor 246/KN/2017 tentang Petunjuk Teknis Penilaian Tanah, Gedung dan Bangunan, Jalan, Jembatan, Bangunan Air, dan Penyusunan Laporan Penilaian Dalam Rangka Penilaian Kembali Barang Milik Negara.
Global Volcanism Program. (2018). Report on Gamalama (Indonesia). In: Venzke, E. (ed.). Bulletin of the Global Volcanism Network, 43:11. Smithsonian Institution. https://doi.org/10.5479/si.GVP.BGVN201811-268060. https://volcano.si.edu/volcano.cfm?vn=268060, accessed on 18
Oct 2019 Isaac, D. (2002). Property Valuation Principles. Palgrave-McMillan.
Paton, D. (2006). Disaster resilience: Building capacity to co-exist with natural hazards and their consequences. In D. Paton & D. Johnston (Eds.), Disaster resilience: An integrated approach (pp. 3-10). Springfield, IL: Charles C Thomas.
Primanti, IN., Roeslan, F. & Hastiadi, FF. (2018). The Economic Development Impact of Natural Disasters in APEC Countries (1999-2013). Journal of Economic Cooperation and Development, 39(2) pp. 1-28.
Scarrett, D. (2008). Property Valuation-The Five Methods. 2nd Edition. Routledge.
Sinaga, GHD., Zarlis, M., Sitepu, M., Prasetyo, RA. & Simanullang, A. (2017). Coulomb stress analysis of West Halmahera earthquake mw=7.2 to mount Soputan and Gamalama volcanic activities. IOP Conference Series: Earth and Environmental Science, 56-012005.
Spence, RJS., Kelman, I., Calogero, E., Toyos, G., Baxter, PJ., et al. (2005). Modelling expected physical impacts and human casualties from explosive volcanic eruptions. Natural Hazards and Earth System Science, Copernicus Publications on behalf of the European Geosciences Union, 5(6), pp.10031015.
The Statistics Indonesia. (2009). Ternate Municipality in Figures.
Wyatt, P. (2007). Property Valuation. 2nd Edition. Wiley-Blackwell.
Downloads
Published
How to Cite
Issue
Section
License
Copyright & Creative Commons Licence
eISSN: 0128-0945 © Year. The Authors. Published for Malaysia Institute of Planners. This is an open-access article under the CC BY-NC-ND license.
The authors hold the copyright without restrictions and also retain publishing rights without restrictions.
