Open Science Research Excellence

Open Science Index

Commenced in January 2007 Frequency: Monthly Edition: International Publications Count: 29396


Select areas to restrict search in scientific publication database:
10004541
Factors Influencing the Housing Price: Developers’ Perspective
Abstract:
The housing industry is crucial for sustainable development of every country. Housing is a basic need that can enhance the quality of life. Owning a house is therefore the main aim of individuals. However, affordability has become a critical issue towards homeownership. In recent years, housing price in the main cities has increased tremendously to unaffordable level. This paper investigates factors influencing the housing price from developer’s perspective and provides recommendation on strategies to tackle this issue. Online and face-to-face survey was conducted on housing developers operating in Penang, Malaysia. The results indicate that (1) location; (2) macroeconomics factor; (3) demographic factors; (4) land/zoning and; (5) industry factors are the main factors influencing the housing price. This paper contributes towards better understanding on developers’ view on how the housing price is determined and form a basis for government to help tackle the housing affordability issue.
Digital Object Identifier (DOI):

References:

[1] Tan, T.H., Determinants of Homeownership in Malaysia. Habitat International, 2008. 30(3): p. 385-414.
[2] Quigley, J.M. and S. Raphael, Is Housing Unaffordable? Why Isn’t It More Affordable? Journal of Economic Perspectives, 2004. 18(1): p. 191-214.
[3] Tan, T.H., Affordable Housing for First-Time Homebuyers: Issues and Implications from the Malaysian Experience, in 1st International Conference on Innovation and Sustainability (ICOIS 2013)2013: Sunway Resort Hotel, Kuala Lumpur.
[4] Central Bank of Malaysia, Bank Negara Annual Report 2010, 2010, Central Bank of Malaysia: Kuala Lumpur.
[5] United Nations Human Settlements Programme, The Role of Government in the Housing Market: The Experience from Asia, in The Human Settlements Finance and Policies Series2008, United Nations Human Settlements Programme (UN-HABITAT): Nairobi.
[6] Shuid, S., Low income housing provision in Malaysia: The role of state and market in 5th Colloquium of Welsh Network of Development Researchers (NDR) 2008: Newtown Wales, United Kingdom.
[7] Laws of Malaysia, Act 172 Town and Country Planning Act 1976, Government of Malaysia, Editor 2006, The Commissioner of Law Revision, Malaysia: Kuala Lumpur.
[8] Agus, M.R., The role of state and market in the Malaysian housing sector. Journal of Housing and the Built Environment, 2002. 17(1).
[9] National Housing Department, National Housing Policy, 2010, Ministry of Housing and Local Government Malaysia: Kuala Lumpur.
[10] Consumer Association of Penang, A credible Housing Policy is long overdue, 2014.
[11] Hashim, Z.A., House Price and Affordability in Housing in Malaysia Akademika, 2010. 78: p. 37-46.
[12] Ong, T.S., Factors Affecting the Price of Housing in Malaysia. Journal of Emerging Issues in Economics, Finance and Banking (JEIEFB), 2013. 1(5): p. 414-429.
[13] Waseep, J.V., Housing Policy: The Link between Welfare and Economic Development. . Journal of Housing and the Built Environment, 2000. 15: p. 165-181.
[14] Lyndall, B. and E. Chris. The Impact of Infrastructure Charges on New Housing Cost: An International Comparison. In 18th Annual Pacific Rim Real Estate Society Conference. 2012. Brisbane, Australia.
[15] Wang, D. and S.-M. Li, Socio-economic Differentials and Stated Housing Preferences in Guangzhou. Habitat International, 2006. 30(2): p. 305-326.
[16] Tan, T.H., Sustainability and Housing Provision in Malaysia. Journal of Strategic Innovation and Sustainability, 2011. 7(1): p. 62-71.
[17] Micheal, H.C.H. and L.H.C. Rebecca, Impact of Accessibility on Housing Expenditure and Affordability in Hong Kong's Private Rental Sector. Journal of Housing and the Built Environment, 2002. 17(4): p. 363-383.
[18] Glaeser, E.L., J. Gyourko, and R.E. Saks, Why Have Housing Prices Gone Up?, in NBER Working Paper No. 11129 2005, National Bureua of Economic Research: Cambridge.
[19] MacDonald, S., Drivers of house price inflation in Penang, Malaysia: Planning a more sustainable future, 2011, Penang Institute: Penang.
[20] Hair, J.F., et al., A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM) 2013, California: Sage Publications Inc.
Vol:13 No:03 2019Vol:13 No:02 2019Vol:13 No:01 2019
Vol:12 No:12 2018Vol:12 No:11 2018Vol:12 No:10 2018Vol:12 No:09 2018Vol:12 No:08 2018Vol:12 No:07 2018Vol:12 No:06 2018Vol:12 No:05 2018Vol:12 No:04 2018Vol:12 No:03 2018Vol:12 No:02 2018Vol:12 No:01 2018
Vol:11 No:12 2017Vol:11 No:11 2017Vol:11 No:10 2017Vol:11 No:09 2017Vol:11 No:08 2017Vol:11 No:07 2017Vol:11 No:06 2017Vol:11 No:05 2017Vol:11 No:04 2017Vol:11 No:03 2017Vol:11 No:02 2017Vol:11 No:01 2017
Vol:10 No:12 2016Vol:10 No:11 2016Vol:10 No:10 2016Vol:10 No:09 2016Vol:10 No:08 2016Vol:10 No:07 2016Vol:10 No:06 2016Vol:10 No:05 2016Vol:10 No:04 2016Vol:10 No:03 2016Vol:10 No:02 2016Vol:10 No:01 2016
Vol:9 No:12 2015Vol:9 No:11 2015Vol:9 No:10 2015Vol:9 No:09 2015Vol:9 No:08 2015Vol:9 No:07 2015Vol:9 No:06 2015Vol:9 No:05 2015Vol:9 No:04 2015Vol:9 No:03 2015Vol:9 No:02 2015Vol:9 No:01 2015
Vol:8 No:12 2014Vol:8 No:11 2014Vol:8 No:10 2014Vol:8 No:09 2014Vol:8 No:08 2014Vol:8 No:07 2014Vol:8 No:06 2014Vol:8 No:05 2014Vol:8 No:04 2014Vol:8 No:03 2014Vol:8 No:02 2014Vol:8 No:01 2014
Vol:7 No:12 2013Vol:7 No:11 2013Vol:7 No:10 2013Vol:7 No:09 2013Vol:7 No:08 2013Vol:7 No:07 2013Vol:7 No:06 2013Vol:7 No:05 2013Vol:7 No:04 2013Vol:7 No:03 2013Vol:7 No:02 2013Vol:7 No:01 2013
Vol:6 No:12 2012Vol:6 No:11 2012Vol:6 No:10 2012Vol:6 No:09 2012Vol:6 No:08 2012Vol:6 No:07 2012Vol:6 No:06 2012Vol:6 No:05 2012Vol:6 No:04 2012Vol:6 No:03 2012Vol:6 No:02 2012Vol:6 No:01 2012
Vol:5 No:12 2011Vol:5 No:11 2011Vol:5 No:10 2011Vol:5 No:09 2011Vol:5 No:08 2011Vol:5 No:07 2011Vol:5 No:06 2011Vol:5 No:05 2011Vol:5 No:04 2011Vol:5 No:03 2011Vol:5 No:02 2011Vol:5 No:01 2011
Vol:4 No:12 2010Vol:4 No:11 2010Vol:4 No:10 2010Vol:4 No:09 2010Vol:4 No:08 2010Vol:4 No:07 2010Vol:4 No:06 2010Vol:4 No:05 2010Vol:4 No:04 2010Vol:4 No:03 2010Vol:4 No:02 2010Vol:4 No:01 2010
Vol:3 No:12 2009Vol:3 No:11 2009Vol:3 No:10 2009Vol:3 No:09 2009Vol:3 No:08 2009Vol:3 No:07 2009Vol:3 No:06 2009Vol:3 No:05 2009Vol:3 No:04 2009Vol:3 No:03 2009Vol:3 No:02 2009Vol:3 No:01 2009
Vol:2 No:12 2008Vol:2 No:11 2008Vol:2 No:10 2008Vol:2 No:09 2008Vol:2 No:08 2008Vol:2 No:07 2008Vol:2 No:06 2008Vol:2 No:05 2008Vol:2 No:04 2008Vol:2 No:03 2008Vol:2 No:02 2008Vol:2 No:01 2008
Vol:1 No:12 2007Vol:1 No:11 2007Vol:1 No:10 2007Vol:1 No:09 2007Vol:1 No:08 2007Vol:1 No:07 2007Vol:1 No:06 2007Vol:1 No:05 2007Vol:1 No:04 2007Vol:1 No:03 2007Vol:1 No:02 2007Vol:1 No:01 2007