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, Mohd. Noor, Norzailawati, Abdullah, Alias, Paiman, Tuminah, Abdul Aziz, A.R.
Format:	Article
Language:	English
Published:	Faculty of Sciences and Technology of the University of El Oued (Algeria) 2018
Subjects:	HB Economic Theory
Online Access:	http://irep.iium.edu.my/72601/ http://irep.iium.edu.my/72601/ http://irep.iium.edu.my/72601/ http://irep.iium.edu.my/72601/8/72601%20Factor%20analysis%20on%20hedonic%20pricing.pdf

id	iium-72601
recordtype	eprints
spelling	iium-726012019-07-26T02:39:59Z http://irep.iium.edu.my/72601/ Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia Asmawi, M. Zainora Mohd. Noor, Norzailawati Abdullah, Alias Paiman, Tuminah Abdul Aziz, A.R. HB Economic Theory 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 parking area are preferable for the buyers. Strategic location and proximity to facilities and infrastructure are the main house attributes in influencing the house price. Faculty of Sciences and Technology of the University of El Oued (Algeria) 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/72601/8/72601%20Factor%20analysis%20on%20hedonic%20pricing.pdf Asmawi, M. Zainora and Mohd. Noor, Norzailawati and Abdullah, Alias and Paiman, Tuminah and Abdul Aziz, A.R. (2018) Factor analysis on the public open space affecting the housing price in Kuala Lumpur, Malaysia. Journal of Fundamental and Applied Science, 10 (5S). pp. 691-704. ISSN 1112-9867 http://jfas.info/psjfas/index.php/jfas/article/view/4525/2815 10.4314/jfas.v10i5s.56
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB Economic Theory
spellingShingle	HB Economic Theory Asmawi, M. Zainora Mohd. Noor, Norzailawati Abdullah, Alias Paiman, Tuminah Abdul Aziz, A.R. 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 parking area are preferable for the buyers. Strategic location and proximity to facilities and infrastructure are the main house attributes in influencing the house price.
format	Article
author	Asmawi, M. Zainora Mohd. Noor, Norzailawati Abdullah, Alias Paiman, Tuminah Abdul Aziz, A.R.
author_facet	Asmawi, M. Zainora Mohd. Noor, Norzailawati Abdullah, Alias Paiman, Tuminah Abdul Aziz, A.R.
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
publisher	Faculty of Sciences and Technology of the University of El Oued (Algeria)
publishDate	2018
url	http://irep.iium.edu.my/72601/ http://irep.iium.edu.my/72601/ http://irep.iium.edu.my/72601/ http://irep.iium.edu.my/72601/8/72601%20Factor%20analysis%20on%20hedonic%20pricing.pdf
first_indexed	2023-09-18T21:42:51Z
last_indexed	2023-09-18T21:42:51Z
_version_	1777413256117223424

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

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