​Asset optimization of baranangsiang terminal commercial area using highest and best use analysis: a case study of Bogor city government’s asset

Abstract

The main problem in Bogor city government’s financial report is non-compliance against the provisions of the asset management legislation. The idle assets will only become a burden for government if it’s not optimized, because it needs maintenance costs. Those assets have potential to be optimize in order to give revenue to government. This study aims to determine the best option of Bogor city government’s asset in the form of land in baranangsiang terminal area using Highest and Best Use (HBU) Analysis. The result of this research shows that the best alternative to be built in baranangsiang terminal commercial area is shopping center.