The effects of green areas on housing prices in selected neighbourhoods in Klang Valley

This research addresses the issue of how the provision of open space can be considered as an influential element in the house price. Literatures globally suggest that there is a significant value of open space in relation to house price in which the elements reflect more on the management parts such...

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Main Authors:	Asmawi, M.Zainora, Mohd. Noor, Norzailawati
Format:	Conference or Workshop Item
Language:	English English
Published:	2015
Subjects:	H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/45815/ http://irep.iium.edu.my/45815/ http://irep.iium.edu.my/45815/1/naprec_presentation_sep_2015.pdf http://irep.iium.edu.my/45815/2/irep_naprec.pdf

id	iium-45815
recordtype	eprints
spelling	iium-458152018-11-21T07:58:36Z http://irep.iium.edu.my/45815/ The effects of green areas on housing prices in selected neighbourhoods in Klang Valley Asmawi, M.Zainora Mohd. Noor, Norzailawati H Social Sciences (General) This research addresses the issue of how the provision of open space can be considered as an influential element in the house price. Literatures globally suggest that there is a significant value of open space in relation to house price in which the elements reflect more on the management parts such as the aspect of cleanliness and good maintenance of the open space. Apart from that, in term of the planning aspect, strategic location is essential in planning for open space. This research is a perceptual study reflecting the thoughts and opinions of the 200 respondents who were the house owners in four selected neighbourhoods, namely Taman Melawati, Bandar Baru Bangi, Subang Jaya and Shah Alam. The key research question pertaining to the survey is whether the relationship between open place and house price exists locally and its character of the pattern and the intensity. Thus, the aim of this research is to study and examine the relationship between open space and house price in the selected four areas in terms of its pattern and strength. In order to obtain reliable data, this study applied mixed methods by using literature reviews, structured close-ended questions in questionnaire survey, an analysis of a GIS technique and site observation. The analysis covers the areas of the house price (transacted and offered price) in relation to the present housing market in those areas, compared with the views of the house owners, and how they perceived the importance of open space in house price. The findings indicate that the management aspects (cleanliness and maintenance) are the key micro factors perceived by the house owners when they decided to purchase their property. This demonstrates a positive correlation between open space and house price, reflecting the findings of the literatures. However, the regression analysis results show the strength is in moderation (R2 between 0.15 and 0.28). Consequently, the rate of house price change is rather small, which is slightly different from the secondary data of house price in those areas. In overall, this research has achieved its research aims and also provided responses to the research questions and finally achieved its objective of the inquiry. 2015-09-29 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/45815/1/naprec_presentation_sep_2015.pdf application/pdf en http://irep.iium.edu.my/45815/2/irep_naprec.pdf Asmawi, M.Zainora and Mohd. Noor, Norzailawati (2015) The effects of green areas on housing prices in selected neighbourhoods in Klang Valley. In: 11th NAPREC Conference, 29th Sep 2015, Dewan Jubli, The National Institute of Valuation (INSPEN), Bangi, Selangor. http://www.inspen.gov.my/inspen/v2/?lang=en&page_id=87
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Asmawi, M.Zainora Mohd. Noor, Norzailawati The effects of green areas on housing prices in selected neighbourhoods in Klang Valley
description	This research addresses the issue of how the provision of open space can be considered as an influential element in the house price. Literatures globally suggest that there is a significant value of open space in relation to house price in which the elements reflect more on the management parts such as the aspect of cleanliness and good maintenance of the open space. Apart from that, in term of the planning aspect, strategic location is essential in planning for open space. This research is a perceptual study reflecting the thoughts and opinions of the 200 respondents who were the house owners in four selected neighbourhoods, namely Taman Melawati, Bandar Baru Bangi, Subang Jaya and Shah Alam. The key research question pertaining to the survey is whether the relationship between open place and house price exists locally and its character of the pattern and the intensity. Thus, the aim of this research is to study and examine the relationship between open space and house price in the selected four areas in terms of its pattern and strength. In order to obtain reliable data, this study applied mixed methods by using literature reviews, structured close-ended questions in questionnaire survey, an analysis of a GIS technique and site observation. The analysis covers the areas of the house price (transacted and offered price) in relation to the present housing market in those areas, compared with the views of the house owners, and how they perceived the importance of open space in house price. The findings indicate that the management aspects (cleanliness and maintenance) are the key micro factors perceived by the house owners when they decided to purchase their property. This demonstrates a positive correlation between open space and house price, reflecting the findings of the literatures. However, the regression analysis results show the strength is in moderation (R2 between 0.15 and 0.28). Consequently, the rate of house price change is rather small, which is slightly different from the secondary data of house price in those areas. In overall, this research has achieved its research aims and also provided responses to the research questions and finally achieved its objective of the inquiry.
format	Conference or Workshop Item
author	Asmawi, M.Zainora Mohd. Noor, Norzailawati
author_facet	Asmawi, M.Zainora Mohd. Noor, Norzailawati
author_sort	Asmawi, M.Zainora
title	The effects of green areas on housing prices in selected neighbourhoods in Klang Valley
title_short	The effects of green areas on housing prices in selected neighbourhoods in Klang Valley
title_full	The effects of green areas on housing prices in selected neighbourhoods in Klang Valley
title_fullStr	The effects of green areas on housing prices in selected neighbourhoods in Klang Valley
title_full_unstemmed	The effects of green areas on housing prices in selected neighbourhoods in Klang Valley
title_sort	effects of green areas on housing prices in selected neighbourhoods in klang valley
publishDate	2015
url	http://irep.iium.edu.my/45815/ http://irep.iium.edu.my/45815/ http://irep.iium.edu.my/45815/1/naprec_presentation_sep_2015.pdf http://irep.iium.edu.my/45815/2/irep_naprec.pdf
first_indexed	2023-09-18T21:05:13Z
last_indexed	2023-09-18T21:05:13Z
_version_	1777410888374943744

The effects of green areas on housing prices in selected neighbourhoods in Klang Valley

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