Feng Shui principles and the Malaysian housing market: what matters in property selection and pricing?

Yap, Jeffrey Boon Hui; Lum, Kah Chuan

doi:10.1108/pm-01-2020-0001

Cited by 4 publications

(2 citation statements)

References 29 publications

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“…Moreover, Fengshui ambient conditions are a popular architectural design for Asian and Western cultures [ 5 , 23 ]. Therefore, the positive relationship between Fengshui ambient conditions and the TPB’s three core variables, including attitudes, subjective norm, and perceived behavioral control, are consistent with the philosophy of Sia et al [ 27 ], in which housing purchase will be motivated by favorable Fengshui factors.…”

Section: Conclusion and Contributionsmentioning

confidence: 99%

“…According to Lin et al [ 4 ], FengShui is an important factor for many Chinese in making choices such as where to live, where to work, where to bury their loved ones, where to place buildings, and how to design both the inside and outside of of the buildings. Fengshui is not only used in Asian and nearby countries but also in Western countries; for example, Fengshui principles have been involved in the various design of Western architecture and interior decoration projects [ 5 ].…”

Section: Introductionmentioning

confidence: 99%

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The role of government policy, social infrastructure and Fengshui in intending to buy tourism real estate

Ma,

Nguyen,

Ahmed

2023

PLoS ONE

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People typically purchase residential properties for two reasons: to live in or invest. However, both purposes necessitate careful consideration before deciding because high financial costs are involved, and housing loans are typically considered necessary for this purpose. Customers’ demands are constantly changing, becoming more complicated with higher requirements. The focus of this research is on tourism real estate selection. This market in Vietnam is still new and emerging and has encountered numerous issues regarding government policy, finance, and land authorization for constructing, owning, and managing. Because the form of tourism real estate is still new, customers are hesitant about investing in or buying these properties. Hence, to compete in the current fiercely real estate industry, real estate firms must understand their customers’ expectations by frequently involving customer research in the company’s strategy. However, there is still a lack of research on the connection between these factors and individual expectations in the well-known philosophy of the Theory of Planned Behavior (TPB), leading to behavioral intentions. Therefore, to fulfill the gap in the previous literature, this paper aims to investigate the connection between these factors with core variables of TPB, hence, addressing the current problems in the real estate industry. 471 valid respondents in Vietnam were collected for data analysis through two survey approaches. PLS-SEM was used to test hypotheses due to the relationship complication in the conceptual models. The results show that government policy influences attitudes and perceived behavioral control, whereas social infrastructure affects social norms and perceived behavioral control. Moreover, Fengshui ambient condition also positively influences all three core factors: attitudes, social norms, and perceived behavioral control. Finally, these factors impact on intention to buy tourism real estate. Through results, this paper has developed a purchase intention model through social aspects of the tourism real estate industry. In addition, this paper demonstrates the connection between social factors and individuals’ expectations for a purchase intention, providing the importance of the government’s role, architecture style, and social infrastructure in the marketing literature of the real estate industry. As a result, managers and governments need to take advantage of new releases of government regulations in time to enhance customers’ positive attitudes toward purchasing tourism real estate. Moreover, social infrastructure and Fengshui conditions are crucial to establishing social norms and perceived control, aiming to leverage the intention to purchase tourism real estate. Thereby, recommendations of marketing strategies based on these findings were suggested to attain the optimal result for sales. Finally, this research also includes some limitations. Hence, suggestions for further research were also provided, such as possible moderation, possible mediating effects, or control of data bias.

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Section: Conclusion and Contributionsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The role of government policy, social infrastructure and Fengshui in intending to buy tourism real estate

Ma,

Nguyen,

Ahmed

2023

PLoS ONE

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Making Sense of Fengshui and Customers’ Experiences of Hotel Room Stays: A Vignette-Induced Interview Approach

Chen

Zeng

et al. 2023

Journal of China Tourism Research

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Despite the well-documented cultural importance of fengshui, little research has been carried out to provide a theoretically complex view of its impacts on customers' experiences of hotel stays. This study explores customers' perceptions of hotel rooms' fengshui and seeks to make sense of links between the environment, fengshui beliefs and hotel-staying experiences.Under a qualitative paradigm, a vignette-induced interview approach was employed to deconstruct beliefs in fengshui and their influence on customers' perceptions of hotel rooms.The findings reveal that customers' beliefs in fengshui explicitly or implicitly affect their perceptions of environmental stimuli, evaluations of hotel rooms, and behavioral intentions.Moreover, hotel guests focus more on prevention than promotion when staying in hotel rooms, especially those with strong beliefs in fengshui. Based on the findings, a conceptual framework is developed by integrating the perceptional process model and the regulatory focus theory, which may usefully inform future quantitative research.

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The Influences of Socio-Cultural Characteristics on Public Low-Cost Residents’ Satisfaction: A Case Study on PPR Seri Aman Kuala Lumpur, Malaysia

Mahdzir

Yahya

et al. 2023

Current Research Journal of Social Sciences and Humanities

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The development of housing often needed to be considered both economic and socio- cultural elements. Certain variables, such as residents' experience and socio-cultural backgrounds, have influenced how people perceive their living environment. Past researchers have highlighted several issues associated with low-cost housing and showed that Malaysia's housing policies still failed to provide a comfortable living area for the low- cost income group. Moreover, previous studies mainly focused on the residents' demographic characteristics as the influential factors. Therefore, this paper tries to fill this gap by (i) identify the socio-cultural characteristics of residents (ii) analyse the relationship between residents’ satisfaction and their socio-cultural characteristics. This is important since the study related to this aspect remains insufficient and their characteristics might affect the level of satisfaction of residents in terms of housing necessity. Based on the purposive sampling, the low-cost housing residents were selected. A questionnaire survey has been conducted on 93 residents of PPR Seri Aman in Kuala Lumpur and the data was analyzed using factor analysis and Pearson's correlation analysis. Findings from the study revealed that the residents were fairly satisfied with the dwelling unit features and neighborhood facilities. The low level of satisfaction among residents was heavily influenced by the yard, kitchen, dining space, parking available, sidewalks and connectivity of paths, traffic nearby, and the distance to take public transport. Further suggestions or recommendations are proposed to improve these situations or to help for future development planning.

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Feng Shui principles and the Malaysian housing market: what matters in property selection and pricing?

Cited by 4 publications

References 29 publications

The role of government policy, social infrastructure and Fengshui in intending to buy tourism real estate

The role of government policy, social infrastructure and Fengshui in intending to buy tourism real estate

Making Sense of Fengshui and Customers’ Experiences of Hotel Room Stays: A Vignette-Induced Interview Approach

The Influences of Socio-Cultural Characteristics on Public Low-Cost Residents’ Satisfaction: A Case Study on PPR Seri Aman Kuala Lumpur, Malaysia

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