# RECORD 75b911d696c736bb0ab8781323efb3d1643ec743
# TITLE: The Influence of Sleman City Hall on Housing Price: A Case Study using OLX Data
# YEAR: 2023.0  VENUE: Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi  DOI: 10.24269/ekuilibrium.v18i2.2023.pp149-155
# AUTHORS: Muhammad Naurul Muna; Romi Bhakti Hartarto; Ibnu Hajar
# PAGES: 7  CANDIDATE TABLE PAGES (1-based): []
# ABSTRACT: The Special Region of Yogyakarta (DIY) is one of the provinces in Indonesia with rapid development. This is indicated by the increasing number of shopping centers and the development of tourism and educational activities. Sleman Regency is a business center in DIY Province because it has the largest number of shopping centers in DIY Province compared to other districts. This study aims to determine whether the house adjacent to Sleman City Hall, the largest shopping center in Sleman Regency, has a higher selling price. While similar studies use primary data collected in the field through questionnaires, this study contributes to the property economics literature by utilizing secondary data from the OLX dataset to estimate the selling price of the house. A total of 229 data obtained through the OLX website related to selling prices, proximity to Sleman City Hall, and property characteristics were processed using multiple regression analysis with the ordinary least squares (OLS) technique. The finding of this study is that the distance from Sleman City Hall has a negative and significant effect on the selling price of the house. Another finding from this study is that the building area and land area have a positive and significant effect on the selling price of the house. On the other hand, the distance to the asphalt road has nothing to do with the selling price of the house.


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Ekuilibrium: Jurnal Ilmiah Bidang Ilmu Ekonomi Vol. 18, No. 2 (2023): September, pp. 149-155 
 
Economic Faculty, Universitas Muhammadiyah Ponorogo 
 149 
p-ISSN 1858-165X / e-ISSN 2528-7672 
 
http://journal.umpo.ac.id/index.php/ekuilibrium 
The Influence of Sleman City Hall on 
Housing Price: A Case Study using 
OLX data 
Muhammad Naurul Munaa,1, Romi Bhakti Hartartob,2, Ibnu Hajarc,3*  
a,b Universitas Muhammadiyah Yogyakarta, Brawijaya Street, Kasihan, Bantul 55183, Indonesia 
c Universitas Gadjah Mada, Bulaksumur, Yogyakarta 55281, Indonesia 
1 m.naurul.fe18@mail.umy.ac.id; 2 romi.hartarto@umy.ac.id; 3 ibnuhajar@mail.ugm.ac.id* 
* corresponding author 
ARTICLE  INFO 
ABSTRACT 
Article history 
Received 21/1/2023 
Revised 31/7/2023 
Accepted 8/8/2023 
The Special Region of Yogyakarta (DIY) is one of the provinces in 
Indonesia with rapid development. This is indicated by the 
increasing number of shopping centers and the development of 
tourism and educational activities. Sleman Regency is a business 
center in DIY Province because it has the largest number of 
shopping centers in DIY Province compared to other districts. This 
study aims to determine whether the house adjacent to Sleman 
City Hall, the largest shopping center in Sleman Regency, has a 
higher selling price. While similar studies use primary data 
collected in the field through questionnaires, this study contributes 
to the property economics literature by utilizing secondary data 
from the OLX dataset to estimate the selling price of the house. A 
total of 229 data obtained through the OLX website related to 
selling prices, proximity to Sleman City Hall, and property 
characteristics were processed using multiple regression analysis 
with the ordinary least squares (OLS) technique. The finding of 
this study is that the distance from Sleman City Hall has a negative 
and significant effect on the selling price of the house. Another 
finding from this study is that the building area and land area have 
a positive and significant effect on the selling price of the house. 
On the other hand, the distance to the asphalt road has nothing to 
do with the selling price of the house. 
 
This is an open-access article under the CC–BY-SA license. 
    
Keywords 
Shopping Center 
Property Price 
Development 
Location Factor