Modelling stated preferences is an almost mystical science and as there is no data explaining how the sustainable feature in homes would effectively encourage homebuyers to invest in sustainable housing, it is important to investigate the buyers’ willingness to pay (WTP) for sustainable housing. The study of stated preferences often requires the use of specialised software or proprietary programs, which can be difficult and/or expensive to use. This study proposes to re-purpose the ‘support.CEs’ package, a program written in the R programming language, from its agronomic roots to measure home buyer preferences for sustainable housing. These are demonstrated through a stated preference discrete choice experiment of choosing model houses with differing levels of energy savings, renewable energy generation, landscaping, soundproofing, ventilation, and price differences. A pilot study was performed using an online survey, constructed using the LMA design tool provided in the ‘support.CEs’ package. The survey was also separated into six blocks of six questions each to reduce the cognitive burden on respondents. The survey was distributed through social media channels. Preliminary results with a limited sample of 20 respondents with mixed income, age, and occupational demographics, analysed using the package’s clogit function, that performs conditional logit estimations, have shown that the results have a statistically reliable adjusted rho-squared value and that all coefficients show the expected signs. From this study, it can be concluded that the ‘support.CEs’ package can be used to model home buyer preferences and that adequate blocking allows for the measurement of a higher number of variables despite having smaller sample sizes.
Abstract. The lack of data on sustainable home buying behaviour in developing countries such as Malaysia is due to the absence of sustainable housing itself. However, it is still possible to solicit home buyers for their stated preferences and quantify its effects on housing demand. In this study, a sample of 300 responses to a Discrete Choice Experiment (DCE) on sustainable housing features was analysed using the "support.CEs" program. This study found that the addition of sustainable features; renewable energy generation, enhanced soundproofing and ventilation, energy saving features, and higher green area ratios significantly increase home buyer's willingness to pay (WTP) for sustainable housing.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.