Demand Characteristic of Private Student Housing and Its Implication on Sustainable Urban Growth Management
The effect of university campus on its surrounding has attracted the attention of scholars recently. Instead of causing a phenomenon namely studentification, the student-led gentrification, it may also increase competitiveness in the local housing market. The growth of student housing has to be managed, to ensure that the effect of student housing to the campus surrounding area does not hamper the sustainability of urban development. Therefore, it is important to understand the demand characteristics of student housing within a locality, as a basis to formulate a proper policy to manage the growth of student housing. This research uses Sleman Regency in Yogyakarta, a middle-sized city in Indonesia, as a case study area. As a host for more than 100 public and private Higher Education Institutions, the demand for private student housing is considered as high in this area. By utilizing Hedonic Price Model (HPM), this research may reveal several characteristics of student housing in the case study area. Despite facilities provided by the building owner, such as room furniture and air conditioner are considered as important for the renters, the model result shows that the distance from the student housing to the campus is regarded as not statistically significant. Facing the challenge on managing urban growth, this research may alert local government in the case study area to put more attention on managing the private student housing growth.
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