Assessing the relative importance of structural and locational effects on residential property values in Metropolitan Kuala Lumpur

Dziauddin, Mohd Faris; Idris, Zulkefli

doi:10.1080/14445921.2018.1436305

Cited by 2 publications

(1 citation statement)

References 54 publications

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“…Simonova, 2019) [6]. However, under the condition of ergonomic development, competent location of infrastructure facilities, maintenance of the territory in a condition stipulated by the rules for the improvement of each municipal entity, state that does not provoke vandal activity, will reduce the imputed costs of property owners and, in general (Brunes F. et al, 2020; Umar A. S., 2019; Dziauddin M. F., Idris Z., 2018), will increase the attractiveness and competitiveness of the territory [7,8,9].…”

Section: Discussionmentioning

confidence: 99%

Territory attractiveness index IVAOS

Obolenskaya

Simonova

2021

SHS Web of Conf.

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The article proposes the IVAOS index for assessing the attractiveness of the territory. it is an important factor in regional development and attractiveness of the territoryюThe development of the index is due to the fact that a modern city is a specific (in the economic and socio-cultural sense) formation: it, as a rule, combines objects from different eras, broadcasting different stylistic, ideological, aesthetic and functional modes. The polymorphism and spontaneity of space do not always make it possible to determine the correct directions of development that meet the specific needs of residents and contribute to an increase in the well-being of the territory. The development of cities and the image of the city of the future do not coincide in the minds of the modern inhabitants of the megalopolis. The modern city deprives its inhabitants.

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Section: Discussionmentioning

confidence: 99%

Territory attractiveness index IVAOS

Obolenskaya

Simonova

2021

SHS Web of Conf.

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An Investigation of Condominium Property Value Uplift around Light Rail Transit Stations Using a Hedonic Pricing Model

Dziauddin

2019

IOP Conf. Ser.: Earth Environ. Sci.

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This paper aims to investigate the impact of proximity to the nearest light rail transit station on the value of condominium properties in Greater Kuala Lumpur, Malaysia. The paper utilizes a data set of 476 condominium sales occurring in Greater Kuala Lumpur between January 2017 and the second quarter of 2018. Using a hedonic pricing model, housing price was modelled as a function of proximity to the nearest light rail transit station and with regard to other structural and locational attributes. The results suggest that condominium units located within 800 m to the nearest light rail transit station can earn a premium of MYR 172,904 (US$43,226), or 30% of the city’s average home value. The results of this study also indicate that in determining property values, proximity to the nearest light rail transit station is the second-most influential variable compared to other variables. This paper represents an original contribution to the literature in that there has been limited research on the impact of proximity to light rail transit stations on condominium prices in developing countries.

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Assessing the relative importance of structural and locational effects on residential property values in Metropolitan Kuala Lumpur

Cited by 2 publications

References 54 publications

Territory attractiveness index IVAOS

Territory attractiveness index IVAOS

An Investigation of Condominium Property Value Uplift around Light Rail Transit Stations Using a Hedonic Pricing Model

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