An Investigation of Decision Making Practice upon Sustainable Property Investment in Medan City, Indonesia

Abstract

Property investment is done by developers. The property is then sold to the consumers to get a return. Sustainable property has not been well developed in Medan City, Indonesia. This research is conducted to find out and analyze the investment consideration on sustainable property made by the developers. The study involved 40 active members of the real estate association in Medan, which chosen at random from their list name. This research is quantitatively conducted along with an in-depth interview. The research findings indicate that the correlation of return of sustainable property and risk is negative and insignificant within alpha5%. Sustainable property development is related to the responsibility towards the environment and capability but not related with trend.Yet, it is not related to government's policy and accepted reward. The study can contribute to the development of policies and rewards by Medan City Authorities to encourage sustainable property development.