Speculating on land, property and peri/urban futures: A conjunctural approach to intra-metropolitan comparison

This article explores a conjunctural approach to comparison as a means to capture the complexity of the processes shaping metropolitan land transformations in a city of the global South, comparing the co-implicated actions of developers and local residents across central and peri-urban Jabodetabek. A conjunctural approach shares with some other forms of comparison the ambition to build new theories and challenge existing knowledge. Rather than controlling for the characteristics of units of analysis as in conventional comparison, a conjunctural approach attends to the broader spatio-temporal conjuncture. It involves highlighting unexpected or overlooked starting points for comparison, attending to inter-place, inter-scalar and inter-temporal relationalities in order to identify shared general tendencies as well as particularities and to chart their mutual constitution. Grounding this comparison iteratively puts local knowledge and observations in conversation with already existing theories. Deploying these principles in a socio-spatial intra-metropolitan comparison, we show that economic speculation on land and property is complexly entangled with actors’ socio-cultural speculations, as they seek also to realise aspirations for distinct peri/urban futures. Economic speculation deepens already existing inequalities in wealth and power differentials between and among developers and kampung residents. The erasure of informal settlements and displacement of their residents is supplemented by the ability of other kampungs and select residents to take advantage of spillover opportunities from the formal developments built on former kampung land. Distinct central city and peri-urban landscapes are emerging, shaped by differences in the social ecology of land and local governance and planning regimes.