Market Analysis of Condominium Property Buyers in Davao City, Philippines: A Conjoint Approach

Calixijan, Laarni; Murcia, John Vianne

doi:10.2139/ssrn.2779062

Cited by 1 publication

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“…The present analyses focus on lowerincome respondents, which makes it more likely that spending thirty percent or more of income on housing represents a "true" housing affordability problem that constrains other non-housing expenditures. Housing market measures have traditionally fallen into three segments: housing demand: a calculation of the number of housing units needed based on job and population growth, as well as the demand for second homes and the need to replace aging housing stock; housing supply: the number of homes being built; home prices as the equalizer: when demand exceeds supply prices go up, and vice versa (Calixijan and Murcia, 2015;Suraya, 2015;Murphy, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

Clients' Preference for Low-Cost Residential Properties: A Conjoint Analysis

Murcia

Matillano

2022

EJMMS

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The purpose of this study was to determine the clients’ preference for residential property in Digos City in the southern part of the Philippines. Through the examination of the five attributes (location, equity, terms of payment, floor area, and the price) and their corresponding levels using conjoint analysis, the order of relative importance of each attribute was determined together with the utility estimates to determine the client’s preference for a low-cost residential property. Twenty plancards containing hypothetical combinations were generated via an orthogonal array and were administered to 400 medium-income individuals. Results revealed that price is the most important attribute, followed by location, terms of payment, and floor area, while equity was found the least important attribute. It can also be inferred that the overall sample preferred low-cost housing near the school, outright or staggered payment for the equity, payable in 20 years with a floor area of 45 sqm (single-detached) in a 100 sqm lot and with a price of Php 500,000. The most preferred low-cost residential property is a combination of the following attribute levels: near the school of children, staggered payment for equity, with terms of payment payable in 10 years, with a floor area of 45 sqm (single-detached) in a 100 sqm lot and can be bought for Php 500,000. JEL: R30; R31 Article visualizations:<img src="/-counters-/edu_01/0269/a.php" alt="Hit counter" />

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Section: Literature Reviewmentioning

confidence: 99%