Factors Influencing The Housing Price: Developers' Perspective

Kamal, Ernawati Mustafa; Hassan, Hasnanywati; Osmadi, Atasya

doi:10.5281/zenodo.1124527

Cited by 2 publications

(3 citation statements)

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“…The current research modified the research questionnaire derived by Kamal et al (2016) and conducted a pilot test with professionals in the property market, including lecturers, surveyors, and estate agents to see the applicability of the questionnaire across the country. After the data collection process, data cleaning was conducted, tested, and analysed based on descriptive statistics using SPSS.…”

Section: Methodsmentioning

confidence: 99%

“…Despite the various research pointing to the significance of non-economic fundamentals particularly the demography, geographical constraints, and land regulations on house price, there is a scarce analysis that have been conducted to identify the impact of these important factors in Malaysia. Among the very few studies that conducted similar analysis in the country are MacDonald (2011) and Kamal et al (2016). MacDonald (2011) for example identify the influence of non-economic fundamentals including supply-side, demographic factors, and the role of planning.…”

Section: Nmentioning

confidence: 99%

“…MacDonald (2011) for example identify the influence of non-economic fundamentals including supply-side, demographic factors, and the role of planning. Nevertheless, MacDonald (2011) and Kamal et al (2016) are focusing on the issue in the case of Pulau Pinang or Penang only while the influence of the said factors on the rest of the states in Malaysia were less investigated yet need to be analyzed to deepen the knowledge on this prolonged issue that is widespread across the country.…”

Section: Nmentioning

confidence: 99%

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The Role of Demography, Geographical Constraints, and Land Regulations on House Price in Malaysia

Pinjaman

Aralas

Nipo

2022

BER

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The current paper investigates the influence of demography, geographical constraints, and land regulation on house price in Malaysia based on the developers’ perspective. A survey questionnaire was distributed among the real estate developers in the country and for the demographical factors, population growth, income, standard of living, and household confidence on future prices are identified to be important determinants. Meanwhile, in terms of land regulations, a majority of the developers believed that the cost of land acquisition, zoning regulations, and land statuses are important on house price setting. Apart from that, geographical constraints including land reclamation, forest clearing, and hillslope stripping are also considered by the developers. In ensuring that the house price remains affordable, land regulations on real estate development should be more relaxed to stimulate housing projects at lower costs. In addition, price speculation should also be monitored if not curbed so that the house price remains affordable particularly for the medium and low-income earners.

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Section: Methodsmentioning

confidence: 99%

Section: Nmentioning

confidence: 99%

Section: Nmentioning

confidence: 99%

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