Sustainability or Bust: Malaysian Home Buyers’ Stated Preferences for Sus-Tainable Housing

Syahid, A.; Tareq, Mohammad Ali; Zaki, Sheikh Ahmad

doi:10.1051/matecconf/20166813001

Cited by 3 publications

(1 citation statement)

References 23 publications

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“…Therefore, it is urgent to obtain a better understanding of the way the adoption of sustainability initiatives at a local level can be adopted, regarding consumer decisionmaking in housing contexts (Judge et al, 2019). As there is no data explaining how the sustainable feature in homes would effectively encourage homebuyers to invest in sustainable housing (Zhang et al, 2016), it is important to investigate the buyers' willingness to pay (WTP) for sustainable housing (Syahid et al, 2016;Tareq et al, 2015). As there is no data explaining how the sustainable feature in homes would effectively encourage homebuyers to invest in sustainable housing (Zhang et al, 2016), it is important to investigate the buyers' willingness to pay (WTP) for sustainable housing (Syahid et al, 2016).…”

Section: Introductionmentioning

confidence: 99%

Preference Modelling in R: A Trial on Home Buyers’ Willingness to Pay

Syahid

Tareq

Nahar

2021

RISUS

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Modelling stated preferences is an almost mystical science and as there is no data explaining how the sustainable feature in homes would effectively encourage homebuyers to invest in sustainable housing, it is important to investigate the buyers’ willingness to pay (WTP) for sustainable housing. The study of stated preferences often requires the use of specialised software or proprietary programs, which can be difficult and/or expensive to use. This study proposes to re-purpose the ‘support.CEs’ package, a program written in the R programming language, from its agronomic roots to measure home buyer preferences for sustainable housing. These are demonstrated through a stated preference discrete choice experiment of choosing model houses with differing levels of energy savings, renewable energy generation, landscaping, soundproofing, ventilation, and price differences. A pilot study was performed using an online survey, constructed using the LMA design tool provided in the ‘support.CEs’ package. The survey was also separated into six blocks of six questions each to reduce the cognitive burden on respondents. The survey was distributed through social media channels. Preliminary results with a limited sample of 20 respondents with mixed income, age, and occupational demographics, analysed using the package’s clogit function, that performs conditional logit estimations, have shown that the results have a statistically reliable adjusted rho-squared value and that all coefficients show the expected signs. From this study, it can be concluded that the ‘support.CEs’ package can be used to model home buyer preferences and that adequate blocking allows for the measurement of a higher number of variables despite having smaller sample sizes.

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Section: Introductionmentioning

confidence: 99%

Preference Modelling in R: A Trial on Home Buyers’ Willingness to Pay

Syahid

Tareq

Nahar

2021

RISUS

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A situational study on sustainable housing features in Johor

Kamaruddin

Hamid

Rohaizam

2020

IOP Conf. Ser.: Mater. Sci. Eng.

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Sustainable housing brings an innovation in Malaysia housing industry scene. The trend has witnessed a surge in the demand for this offering by house buyers which in return has encouraged housing developers to incorporate it’s features in their products. The features offered by the housing developers varies while customers are encouraged by the noble causes that their purchased will make. As demand for the products increase, errant and irresponsible developers are unreasonably taking the advantage by charging exorbitantly for the product that they market. In this instance, the words “Eco” and “Green” have been used as the gimmick for marketing purposes while there are no evidences that show whether the features have been truly incorporated in the housing products sold to the customers. The situation thus called for a situational study to be carried out, which aim to clarify the situation happening in the housing industry. Accordingly, the objectives of the study are: (1) To identify the sustainable housing features provided by developers to the buyers; and (2) To identify the house occupant’s satisfaction with the sustainable features available to them. The research is an exploratory research which seeks to provide data in respond to the situation facing the industry. Therefore, both quantitative and qualitative research strategies will be employed by way of a checklist together with a satisfaction survey focusing on housing projects in Johor. Data for the study will be analyzed by employing descriptive analysis as well as thematic coding analysis. A comprehensive discussion will be offered as the possible outcome of the study. This includes the contentment of house buyers towards the sustainable features that are offered by housing developer and how it can be classified as sustainable housing in virtue of the three pillars of sustainable development.

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Discrete choice modelling of willingness to pay for facility retrofitting: a multinomial logit model approach

Aguome,

Ewurum,

Emoh

2024

JFM

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Purpose The global imperative for sustainable infrastructure management has intensified the focus on facility retrofitting as a key strategy for reducing environmental impact and enhancing operational efficiency. However, the complex interplay of factors influencing stakeholders’ willingness to pay (WTP) for such interventions remains inadequately understood, impeding effective policy formulation and resource allocation. This study aims to examine the motivational factors influencing the adoption of green retrofits in Lagos, Nigeria. Design/methodology/approach This study used a stated preference discrete choice experiment conducted with 425 decision-makers of corporate facilities in Lagos, Nigeria. A multinomial logit model was used to compare retrofitting choice sets and a status quo option. Findings The study revealed that education level, reputation concerns, income, incentives and corporate social responsibility awareness significantly predicted WTP for basic heating ventilation air-conditioning, and lighting upgrades. Regulatory compliance, awareness, education, income and reputation emerged as key drivers for more comprehensive retrofits incorporating renewables. Practical implications The research findings, by revealing which motivators resonate strongest, offer an evidence-based roadmap that directs practitioners to look beyond price incentives and emphasize complementary non-price interventions integrated with policy. The study’s emphasis on the significance of noneconomic WTP drivers equips program administrators with actionable strategies to optimize the uptake of retrofits based on individuals’ motivational structures. Originality/value This is one of the very few studies that have investigated the motivational factors influencing the adoption of green facility retrofitting in emerging markets, focusing on Lagos, Nigeria.

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Sustainability or Bust: Malaysian Home Buyers’ Stated Preferences for Sus-Tainable Housing

Cited by 3 publications

References 23 publications

Preference Modelling in R: A Trial on Home Buyers’ Willingness to Pay

Preference Modelling in R: A Trial on Home Buyers’ Willingness to Pay

A situational study on sustainable housing features in Johor

Discrete choice modelling of willingness to pay for facility retrofitting: a multinomial logit model approach

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