The influence of open space on sub-sale house pricing in Selangor

The significant expansion of housing industry in Malaysia has attracted the concern of various parties. There are increasing awareness and particular concern about the issue of green areas and open spaces as urban residents start to acknowledge the importance of urban green spaces. The research prob...

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Main Authors:	Manzahari, Mohd Nasrul Hanis, Asmawi, M. Zainora, Abdullah, Alias
Format:	Book
Language:	English
Published:	IIUM Press, International Islamic University Malaysia 2017
Subjects:	H Social Sciences (General) NA Architecture NA4170 Public buildings
Online Access:	http://irep.iium.edu.my/63846/ http://irep.iium.edu.my/63846/ http://irep.iium.edu.my/63846/1/63846_The%20influence%20of%20open%20space%20on%20sub-sale%20house%20pricing%20in%20Selangor.pdf

id	iium-63846
recordtype	eprints
spelling	iium-638462018-08-29T07:02:50Z http://irep.iium.edu.my/63846/ The influence of open space on sub-sale house pricing in Selangor Manzahari, Mohd Nasrul Hanis Asmawi, M. Zainora Abdullah, Alias H Social Sciences (General) NA Architecture NA4170 Public buildings The significant expansion of housing industry in Malaysia has attracted the concern of various parties. There are increasing awareness and particular concern about the issue of green areas and open spaces as urban residents start to acknowledge the importance of urban green spaces. The research problem addresses the issue of the importance of open space being ignored due to high prices of real estate. This research aims to study the influence of open space towards house pricing in urban areas. This research also highlights discussions on past studies which provide important lessons and ideas for the research design. Three methods of data collection had been employed which are: (i) literature review; (ii) questionnaire survey; and (iii) site observations. The selected study areas were Taman Melawati, Shah Alam, Subang Jaya and Bandar Baru Bangi. The response rate was 100% with a total respondent of 200. The reliability test was conducted and the results of Cronbach’s alpha value for green areas and its independent variables was 0.895 thus considered acceptable and allowed the research to retain all variables for the analysis. This research found that the consideration of open space in increasing house prices has positive influence towards the determination of housing prices (rs = .091). However, the relationship is weaker compared to other macro and micro factors. The most desirable element of open space is cleanliness (RI = 0.894) while the least desirable element is hierarchy of open space (RI = 0.783), showing that users prefer elements which they can physically observe. Theoretically, the findings of this research are in line with the theories suggested by other literature. The result, as perceived by the respondents, reflects preference for physical and economic factors compared to environmental factor. Based on the findings, the researcher recommends key parties in housing industry to consider open space as an essential factor in determining house prices as well as providing regular maintenance and premium facilities for open spaces within residential areas. As a conclusion, this research has met its outlined objectives and proves that there is a weak positive relationship between open space and house pricing. IIUM Press, International Islamic University Malaysia 2017-12 Book PeerReviewed application/pdf en http://irep.iium.edu.my/63846/1/63846_The%20influence%20of%20open%20space%20on%20sub-sale%20house%20pricing%20in%20Selangor.pdf Manzahari, Mohd Nasrul Hanis and Asmawi, M. Zainora and Abdullah, Alias (2017) The influence of open space on sub-sale house pricing in Selangor. IIUM Press, International Islamic University Malaysia, Kuala Lumpur, Malaysia. ISBN 978-967-418-648-7 http://iiumpress.iium.edu.my/bookshop/contactus
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) NA Architecture NA4170 Public buildings
spellingShingle	H Social Sciences (General) NA Architecture NA4170 Public buildings Manzahari, Mohd Nasrul Hanis Asmawi, M. Zainora Abdullah, Alias The influence of open space on sub-sale house pricing in Selangor
description	The significant expansion of housing industry in Malaysia has attracted the concern of various parties. There are increasing awareness and particular concern about the issue of green areas and open spaces as urban residents start to acknowledge the importance of urban green spaces. The research problem addresses the issue of the importance of open space being ignored due to high prices of real estate. This research aims to study the influence of open space towards house pricing in urban areas. This research also highlights discussions on past studies which provide important lessons and ideas for the research design. Three methods of data collection had been employed which are: (i) literature review; (ii) questionnaire survey; and (iii) site observations. The selected study areas were Taman Melawati, Shah Alam, Subang Jaya and Bandar Baru Bangi. The response rate was 100% with a total respondent of 200. The reliability test was conducted and the results of Cronbach’s alpha value for green areas and its independent variables was 0.895 thus considered acceptable and allowed the research to retain all variables for the analysis. This research found that the consideration of open space in increasing house prices has positive influence towards the determination of housing prices (rs = .091). However, the relationship is weaker compared to other macro and micro factors. The most desirable element of open space is cleanliness (RI = 0.894) while the least desirable element is hierarchy of open space (RI = 0.783), showing that users prefer elements which they can physically observe. Theoretically, the findings of this research are in line with the theories suggested by other literature. The result, as perceived by the respondents, reflects preference for physical and economic factors compared to environmental factor. Based on the findings, the researcher recommends key parties in housing industry to consider open space as an essential factor in determining house prices as well as providing regular maintenance and premium facilities for open spaces within residential areas. As a conclusion, this research has met its outlined objectives and proves that there is a weak positive relationship between open space and house pricing.
format	Book
author	Manzahari, Mohd Nasrul Hanis Asmawi, M. Zainora Abdullah, Alias
author_facet	Manzahari, Mohd Nasrul Hanis Asmawi, M. Zainora Abdullah, Alias
author_sort	Manzahari, Mohd Nasrul Hanis
title	The influence of open space on sub-sale house pricing in Selangor
title_short	The influence of open space on sub-sale house pricing in Selangor
title_full	The influence of open space on sub-sale house pricing in Selangor
title_fullStr	The influence of open space on sub-sale house pricing in Selangor
title_full_unstemmed	The influence of open space on sub-sale house pricing in Selangor
title_sort	influence of open space on sub-sale house pricing in selangor
publisher	IIUM Press, International Islamic University Malaysia
publishDate	2017
url	http://irep.iium.edu.my/63846/ http://irep.iium.edu.my/63846/ http://irep.iium.edu.my/63846/1/63846_The%20influence%20of%20open%20space%20on%20sub-sale%20house%20pricing%20in%20Selangor.pdf
first_indexed	2023-09-18T21:30:33Z
last_indexed	2023-09-18T21:30:33Z
_version_	1777412482141257728

The influence of open space on sub-sale house pricing in Selangor

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