Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia

There is an urgent need for public open spaces within the urban fabric as it provides significant services to the environmental quality of the areas. It is noticeable that many cities in Malaysia have the issue of the loss of public open spaces to give way to other developments particularly housing...

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Main Authors:	Asmawi, M. Zainora, Abdul Mohit, Mohammad, Mohd. Noor, Norzailawati, Abdullah, Alias, Paiman, Tuminah
Format:	Conference or Workshop Item
Language:	English
Published:	2017
Subjects:	H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/58646/ http://irep.iium.edu.my/58646/ http://irep.iium.edu.my/58646/14/58646.pdf

id	iium-58646
recordtype	eprints
spelling	iium-586462018-05-03T06:34:39Z http://irep.iium.edu.my/58646/ Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia Asmawi, M. Zainora Abdul Mohit, Mohammad Mohd. Noor, Norzailawati Abdullah, Alias Paiman, Tuminah H Social Sciences (General) There is an urgent need for public open spaces within the urban fabric as it provides significant services to the environmental quality of the areas. It is noticeable that many cities in Malaysia have the issue of the loss of public open spaces to give way to other developments particularly housing development. While, about the economic growth of the nation, there is an increasing trend in the housing price in cities. As such, the aim of the research is to study and examine the characteristics of the relationship between public open spaces and residential property value using GIS-Hedonic pricing modelling in Kuala Lumpur, Malaysia. Thus, the objectives which are to study the relationship between public open space and property residential price and to examine the elements of open space which influence the house price. A structured close-ended questionnaire survey with a total of 200 respondents was conducted to obtain the primary data in Taman Melati and Taman Wangsa Siaga, Kuala Lumpur. The results demonstrate that the establishment of the relationship between open space and house price is positive, with the factors of built-up area, an attractive design and provision of a garage are preferable for the buyers. Strategic location and proximity to facilities and infrastructure are the main house attributes in influencing the house price. 2017 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/58646/14/58646.pdf Asmawi, M. Zainora and Abdul Mohit, Mohammad and Mohd. Noor, Norzailawati and Abdullah, Alias and Paiman, Tuminah (2017) Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia. In: 3rd International Conference on Business Management and Information Technology (ICBMIT 2017), 15-16 Sep 2017, Istanbul, Turkey. (Unpublished) http://icbmit2017.weebly.com/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Asmawi, M. Zainora Abdul Mohit, Mohammad Mohd. Noor, Norzailawati Abdullah, Alias Paiman, Tuminah Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia
description	There is an urgent need for public open spaces within the urban fabric as it provides significant services to the environmental quality of the areas. It is noticeable that many cities in Malaysia have the issue of the loss of public open spaces to give way to other developments particularly housing development. While, about the economic growth of the nation, there is an increasing trend in the housing price in cities. As such, the aim of the research is to study and examine the characteristics of the relationship between public open spaces and residential property value using GIS-Hedonic pricing modelling in Kuala Lumpur, Malaysia. Thus, the objectives which are to study the relationship between public open space and property residential price and to examine the elements of open space which influence the house price. A structured close-ended questionnaire survey with a total of 200 respondents was conducted to obtain the primary data in Taman Melati and Taman Wangsa Siaga, Kuala Lumpur. The results demonstrate that the establishment of the relationship between open space and house price is positive, with the factors of built-up area, an attractive design and provision of a garage are preferable for the buyers. Strategic location and proximity to facilities and infrastructure are the main house attributes in influencing the house price.
format	Conference or Workshop Item
author	Asmawi, M. Zainora Abdul Mohit, Mohammad Mohd. Noor, Norzailawati Abdullah, Alias Paiman, Tuminah
author_facet	Asmawi, M. Zainora Abdul Mohit, Mohammad Mohd. Noor, Norzailawati Abdullah, Alias Paiman, Tuminah
author_sort	Asmawi, M. Zainora
title	Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia
title_short	Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia
title_full	Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia
title_fullStr	Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia
title_full_unstemmed	Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia
title_sort	factor analysis on the public open space affecting the housing price in kuala lumpur, malaysia
publishDate	2017
url	http://irep.iium.edu.my/58646/ http://irep.iium.edu.my/58646/ http://irep.iium.edu.my/58646/14/58646.pdf
first_indexed	2023-09-18T21:22:58Z
last_indexed	2023-09-18T21:22:58Z
_version_	1777412004457218048

Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia

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