A Study on Housing Price in Klang Valley, Malaysia

Mariadas, Paul Anthony; Selvanathan, Mahiswaran; Hong, Tan Kok

doi:10.5539/ibr.v9n12p103

Cited by 19 publications

(18 citation statements)

References 10 publications

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“…Meanwhile, IR was found to be the major effects in determining the housing price and UR is positively related to the Malaysian housing price as mentioned by Lim et al (2016). In the same way, population is also found to be the main factor of housing prices (Mariadas et al, 2016). These factors are important in understanding the housing price issues nowadays.…”

Section: Introductionmentioning

confidence: 84%

A Study on the Relationship Between House Price Index and Its Determinants in Malaysia

Saudin¹,

Jehani²,

Mastani³

et al. 2020

MJoC

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In Malaysia, House Price is considered high at a certain part of the country causing the lower and middle groups unable to purchase a house. This research examines the long-run relationship and causality effect between House Price Index and determinants of House Price Index. The data was obtained from Valuation and Property Services Department (JPPH), Department of Statistics Malaysia, and Bank Negara. The data was collected over 10 years from 2010 to the first quarter of 2019. Johansen Cointegration Test and Granger Causality Test are applied in determining the long-run relationship and causality effect respectively. The general finding of this study is that the House Price Index shows an upward trend for the past nine years but slightly drop in the first quarter of 2019. This study has found that there is a long-run relationship between the House Price Index and the determinants which are Gross Domestic Product, Interest Rate, Inflation Rate, Population, and Unemployment Rate. Next, all independent variables do not granger cause House Price Index. At the same time, there is only one-way relationship found between House Price Index and Gross Domestic Product, and between House Price Index and Population where House Price Index is identified to granger cause both variables.

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Section: Introductionmentioning

confidence: 84%

A Study on the Relationship Between House Price Index and Its Determinants in Malaysia

Saudin¹,

Jehani²,

Mastani³

et al. 2020

MJoC

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show abstract

“…A house price itself is affected by several factors, for instance, speculative pressure, supply condition of mortgage market innovation, and demographic development. Previous studies' findings showed that house prices are impacted by population, construction cost, and housing speculation (Mariadas et al, 2016).…”

Section: Financial Considerationsmentioning

confidence: 99%

The Prominence of Financial Considerations on Housing Investors’ Purchase Decisions

Dananjoyo¹,

Cahaya²,

Riyadh³

2020

JAFEB

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As a basic element for sustainable development, the residential housing industry is vital and fundamental for every country in the world. Therefore, this study examines the impacts of financial considerations on house purchase decisions by housing investors in Auckland, New Zealand. 110 completed questionnaires were statistically analyzed. For testing the proposed hypotheses, Structural Equation Modelling (SEM) was used. The results show that house prices, income, and credit accessibility significantly influence housing investors' purchase decisions in a positive direction. It appears that more expensive houses offer more promising returns such that housing investors having higher levels of income and access to loans are brave enough to invest in such houses. This study aims to present the key factors influencing house purchase decisions from the viewpoint of housing investors as fundamental groups of stakeholders in the property market, which is rarely examined in previous studies. The implication of this study is to provide guidelines for housing regulators in New Zealand to develop affordable housing prices through the availability of land banks. This study also offers practical contributions to housing investors, particularly by providing key guidelines to make effective investment decisions.

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“…As a matter of fact, most of the housing issues are incurred by these external factors. To discuss further about the external factors, Mariadas, Selvanathan, & Hong, [20] argue that inflation is not the factor that affect house, instead factors like population, construction cost and speculation were among the factors that found to correlated with house prices. Construction cost however, will lead to internal factors effects as well.…”

Section: Farida Abdul Halimmentioning

confidence: 99%

A System Dynamics Model of Malaysia House Pricing

Ahmad,

Sapiri,

Bakun

et al. 2019

IJEAT

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The difficulty to own a house has been a major concern especially among major cities in the world. As the worldwide issue, house prices also have been in the limelight in Malaysia. This is due to the unaffordable prices that tend to escalate over time. The factors that affect house prices are revolving around supply and demand theory either at micro or micro level. There are a lot of factors that found to be correlated as stated from the previous study such as housing characteristics, population, exchange rate, investment, inflation and liquidity. However, there have been shortcomings of study on the liquidity and investment factors toward the house prices. Therefore, this study aims to specifically analyse the influential factors of liquidity and investment toward house prices by using system dynamic approach. The model presumes the liquidity ratios stability and the amount spent on investment in residential properties will affect the house prices significantly. Analysing the trend of rising prices during recent years and forecasting its future development using system dynamic approach is significant, since it can help the authority and society to thoroughly understand on how liquidity and investment activity would affect the house prices

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A Study on Housing Price in Klang Valley, Malaysia

Cited by 19 publications

References 10 publications

A Study on the Relationship Between House Price Index and Its Determinants in Malaysia

A Study on the Relationship Between House Price Index and Its Determinants in Malaysia

The Prominence of Financial Considerations on Housing Investors’ Purchase Decisions

A System Dynamics Model of Malaysia House Pricing

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