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Evolving land value effects of BRT and MRT: evidence from Jakarta’s mobility transition

Bus rapid transit (BRT) has been widely adopted in emerging economies for its affordability and incremental implementation potential. Yet, many cities are now starting to implement urban rail as a higher-quality mass-transit alternative. This raises the question of the role of existing BRT networks once rail arrives, particularly regarding their land-value effects. This paper examines how BRT-related land value uplift (LVU) evolves after rail begins operation, using Jakarta as a case study. The study analyses residential land values around Transjakarta BRT and MRT Jakarta stations for 2017 (pre-rail) and 2021 (post-rail) using Ordinary Least Squares (OLS) and Geographically Weighted Regression (GWR). The findings reveal that (1) proximity to Transjakarta stations was associated with uplift in 2017, particularly in South Jakarta; (2) by 2021, BRT proximity penalties were reported citywide, especially in the north and east, but also in Central Jakarta; and (3) proximity to MRT Jakarta stations was associated with consistent uplift in 2021, with strongest effects at upgraded interchange nodes in South Jakarta. The timing and spatial coherence of these patterns are consistent with a rail-led substitution mechanism in which urban policy attention and developer actions concentrate willingness-to-pay near rail, while stand-alone BRT corridors increasingly reflect proximity penalties in prices. Policy recommendations include strategic co-location and integration of BRT-MRT stations, mitigating BRT proximity effects with context-sensitive station design, and timely transit-oriented development (TOD) and land value capture (LVC) at integrated hubs to harness value where market signals are strongest.

Evolving land value effects of BRT and MRT: evidence from Jakarta’s mobility transition

Bus rapid transit (BRT) has been widely adopted in emerging economies for its affordability and incremental implementation potential. Yet, many cities are now starting to implement urban rail as a higher-quality mass-transit alternative. This raises the question of the role of existing BRT networks once rail arrives, particularly regarding their land-value effects. This paper examines how BRT-related land value uplift (LVU) evolves after rail begins operation, using Jakarta as a case study. The study analyses residential land values around Transjakarta BRT and MRT Jakarta stations for 2017 (pre-rail) and 2021 (post-rail) using Ordinary Least Squares (OLS) and Geographically Weighted Regression (GWR). The findings reveal that (1) proximity to Transjakarta stations was associated with uplift in 2017, particularly in South Jakarta; (2) by 2021, BRT proximity penalties were reported citywide, especially in the north and east, but also in Central Jakarta; and (3) proximity to MRT Jakarta stations was associated with consistent uplift in 2021, with strongest effects at upgraded interchange nodes in South Jakarta. The timing and spatial coherence of these patterns are consistent with a rail-led substitution mechanism in which urban policy attention and developer actions concentrate willingness-to-pay near rail, while stand-alone BRT corridors increasingly reflect proximity penalties in prices. Policy recommendations include strategic co-location and integration of BRT-MRT stations, mitigating BRT proximity effects with context-sensitive station design, and timely transit-oriented development (TOD) and land value capture (LVC) at integrated hubs to harness value where market signals are strongest.

Brussels pitches ‘North Star’ for EU power grid planning to rein in electricity prices

Euractiv.com - Wed, 12/10/2025 - 12:59
Nationally minded grid planning is being blamed for the EU’s widening cross-border cable gap

Rich EU countries keep ‘unjustified’ paybacks on the table for next budget

Euractiv.com - Wed, 12/10/2025 - 12:57
The countries get over €9 billion annually in reductions of their contributions to the EU budget
Categories: European Union

L’euro flambe encore : l’écart dépasse les 100 % avec le taux officiel

Algérie 360 - Wed, 12/10/2025 - 12:56

Dinar en difficulté : l’euro et le dollar s’envolent sur le marché parallèle. Les spécialistes expliquent un phénomène devenu central dans l’actualité économique. L’euro continue […]

L’article L’euro flambe encore : l’écart dépasse les 100 % avec le taux officiel est apparu en premier sur .

Categories: Afrique

Découvrez les 10 pays africains les plus endettés du continent

BBC Afrique - Wed, 12/10/2025 - 12:17
Le stock de la dette extérieure du continent s'est établi autour de 1 860 milliards de dollars en 2024, contre 1 000 milliards moins de dix ans auparavant. Nous vous proposons le Top 10 des pays africains les plus endettés.
Categories: Afrique, Nyugat-Balkán

Debate: Australia's social media ban: should Europe follow suit?

Eurotopics.net - Wed, 12/10/2025 - 12:09
A new law banning children under the age of 16 from using social media comes into force in Australia today. Platform operators are required to ensure that children in this age group can no longer create an account. Commentators in Europe discuss whether the ban makes sense and can be effective.
Categories: Afrique, European Union

Debate: Czech Republic: what lies ahead with Babiš as PM?

Eurotopics.net - Wed, 12/10/2025 - 12:09
Just over two months after the Czech parliamentary elections, the winner, multi-billionaire Andrej Babiš, has been appointed prime minister by President Petr Pavel. What this means for the country's foreign policy and the EU is a hot topic among commentators.

Debate: Upshot of the Ukraine peace meeting in London?

Eurotopics.net - Wed, 12/10/2025 - 12:09
At a meeting in London on Monday, Ukrainian President Volodymyr Zelensky, German Chancellor Friedrich Merz, French President Emmanuel Macron and British Prime Minister Keir Starmer discussed how to proceed on the war in Ukraine. The 28-point peace plan presented by the US was shortened to exclude positions that were 'anti-Ukrainian' (Zelensky) and now comprises 20 points. Once the details have been ironed out, the plan will be sent to Washington.

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