Factor analysis on hedonic pricing model on open space affecting the housing price in Melaka and Seremban

Open space near residential area often labelled as development constraint since each residential development must provide 10 percent of open space from the total acreage according to Malaysia planning guidelines. Kuala Lumpur has noticeable lost in open space in residential area and this issue might...

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Main Authors: Asmawi, M. Zainora, Mohit, Mohammad Abdul, Mohd. Noor, Norzailawati, Abdullah, Alias, Paiman, Tuminah
Format: Article
Language:English
English
Published: Malaysia Institute of Planners 2018
Subjects:
Online Access:http://irep.iium.edu.my/67899/
http://irep.iium.edu.my/67899/
http://irep.iium.edu.my/67899/1/467-892-1-SM%20full%20text%20Plg%20Malaysia.pdf
http://irep.iium.edu.my/67899/7/67899_Factor%20analysis%20on%20hedonic%20pricing%20model_scopus.pdf
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spelling iium-678992018-11-30T03:58:11Z http://irep.iium.edu.my/67899/ Factor analysis on hedonic pricing model on open space affecting the housing price in Melaka and Seremban Asmawi, M. Zainora Mohit, Mohammad Abdul Mohd. Noor, Norzailawati Abdullah, Alias Paiman, Tuminah H Social Sciences (General) Open space near residential area often labelled as development constraint since each residential development must provide 10 percent of open space from the total acreage according to Malaysia planning guidelines. Kuala Lumpur has noticeable lost in open space in residential area and this issue might happen with other neighbourhood states such as Negeri Sembilan and Melaka. Therefore, the purpose of this study is to find the resident perspective on the importance of open space while purchasing their housing property. As such, the aim of the research is to study and examine the characteristics of relationship between public open spaces and residential property value using GIS-Hedonic pricing modelling in the selected residential area in Seremban and Melaka. To find the gist of this study, factor analysis has been used to sum the hedonic pricing model output. It resulted, Seremban and Melaka respondents has chosen the Importance of the House attributes in influencing the house price and Importance of open space following factors in influencing the house price. Malaysia Institute of Planners 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/67899/1/467-892-1-SM%20full%20text%20Plg%20Malaysia.pdf application/pdf en http://irep.iium.edu.my/67899/7/67899_Factor%20analysis%20on%20hedonic%20pricing%20model_scopus.pdf Asmawi, M. Zainora and Mohit, Mohammad Abdul and Mohd. Noor, Norzailawati and Abdullah, Alias and Paiman, Tuminah (2018) Factor analysis on hedonic pricing model on open space affecting the housing price in Melaka and Seremban. Planning Malaysia, 16 (2). pp. 119-130. ISSN 1675-6215 E-ISSN 0128-0945 http://planningmalaysia.org/index.php/pmj/issue/view/27
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
Mohit, Mohammad Abdul
Mohd. Noor, Norzailawati
Abdullah, Alias
Paiman, Tuminah
Factor analysis on hedonic pricing model on open space affecting the housing price in Melaka and Seremban
description Open space near residential area often labelled as development constraint since each residential development must provide 10 percent of open space from the total acreage according to Malaysia planning guidelines. Kuala Lumpur has noticeable lost in open space in residential area and this issue might happen with other neighbourhood states such as Negeri Sembilan and Melaka. Therefore, the purpose of this study is to find the resident perspective on the importance of open space while purchasing their housing property. As such, the aim of the research is to study and examine the characteristics of relationship between public open spaces and residential property value using GIS-Hedonic pricing modelling in the selected residential area in Seremban and Melaka. To find the gist of this study, factor analysis has been used to sum the hedonic pricing model output. It resulted, Seremban and Melaka respondents has chosen the Importance of the House attributes in influencing the house price and Importance of open space following factors in influencing the house price.
format Article
author Asmawi, M. Zainora
Mohit, Mohammad Abdul
Mohd. Noor, Norzailawati
Abdullah, Alias
Paiman, Tuminah
author_facet Asmawi, M. Zainora
Mohit, Mohammad Abdul
Mohd. Noor, Norzailawati
Abdullah, Alias
Paiman, Tuminah
author_sort Asmawi, M. Zainora
title Factor analysis on hedonic pricing model on open space affecting the housing price in Melaka and Seremban
title_short Factor analysis on hedonic pricing model on open space affecting the housing price in Melaka and Seremban
title_full Factor analysis on hedonic pricing model on open space affecting the housing price in Melaka and Seremban
title_fullStr Factor analysis on hedonic pricing model on open space affecting the housing price in Melaka and Seremban
title_full_unstemmed Factor analysis on hedonic pricing model on open space affecting the housing price in Melaka and Seremban
title_sort factor analysis on hedonic pricing model on open space affecting the housing price in melaka and seremban
publisher Malaysia Institute of Planners
publishDate 2018
url http://irep.iium.edu.my/67899/
http://irep.iium.edu.my/67899/
http://irep.iium.edu.my/67899/1/467-892-1-SM%20full%20text%20Plg%20Malaysia.pdf
http://irep.iium.edu.my/67899/7/67899_Factor%20analysis%20on%20hedonic%20pricing%20model_scopus.pdf
first_indexed 2023-09-18T21:36:24Z
last_indexed 2023-09-18T21:36:24Z
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