Search results

1 – 5 of 5
Article
Publication date: 11 January 2024

Siti Hafsah Zulkarnain, Abdol Samad Nawi, Miguel Angel Esquivias and Anuar Husin

The purpose of this study is designed to achieve the learning process in producing studies involving economic issues and scenarios in business management in Malaysia. In addition…

Abstract

Purpose

The purpose of this study is designed to achieve the learning process in producing studies involving economic issues and scenarios in business management in Malaysia. In addition, this study will provide exposure to the integration of managerial skills by using both microeconomics and macroeconomics concepts and theories to aid decision-making in a business environment.

Design/methodology/approach

The research method comprised qualitative methodology of literature review, case study and quantitative methodology of multiple linear regression (MLR). In this case, seven microeconomics and macroeconomics factors which are believed to significantly affect house price index (HPI) are taken into consideration which includes gross domestic product, consumer price index (CPI), government tax and subsidy on housing, overnight policy rate, unemployment rate (UNEMP), the median income (INC) and cost of production index.

Findings

This research has resulted in three significant factors affecting HPI from MLR, which include CPI, UNEMP and INC where the increase of these factors will cause a high increment of HPI. The other four factors are not significant.

Originality/value

Malaysia has been facing the stagnancy in house market these recent years due to issues such as massive oversupply, impacting Malaysia’s economy specifically focusing on domestic direct investment. To avoid oversupply issues, the vitality of future house demand and pricing forecast should be comprehended by involved bodies for more effective planning for the house development industry. To make a better and bigger impact, this research is intended to analyse the microeconomic and macroeconomic factors affecting the HPI to better understand the significance of each of these factors to the changes of HPI to resolve these economic issues.

Details

International Journal of Housing Markets and Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 8 February 2023

Siti Hafsah Zulkarnain and Abdol Samad Nawi

The purpose of this study is to analyse numerous aspects affecting residential property price in Malaysia against macroeconomics issues such as gross domestic product (GDP)…

1047

Abstract

Purpose

The purpose of this study is to analyse numerous aspects affecting residential property price in Malaysia against macroeconomics issues such as gross domestic product (GDP), exchange rate, unemployment and wage.

Design/methodology/approach

The hedonic pricing model has been adopted as econometric model for this research to investigate the relationship between residential property price against macroeconomics indicator. The data for residential property price and macroeconomic variables were collected from 1991 to 2019. Multiple linear regression had been adopted to find the relationship between the dependent and independent variables.

Findings

The result shows that the GDP has a significant positive impact on residential property price, while exchange rate has no significant impact although it was positive. In addition, the unemployment rate has a significant impact on the residential property price and has a negative relationship. Similar to the wage that shows the negative relationship with residential property prices. Moreover, during the pandemic COVID-19 in Malaysia, this research shows a more transparent view of the relationship between residential property price and the macroeconomic issues of GDP, exchange rate, unemployment and wage.

Originality/value

The findings of this research found that macroeconomics issue cannot be eliminated due to Malaysia is a developing country, and there will always be an issue that will happen, but the issues can be reduced to maximise the advantages, e.g. during COVID-19, the solution to fight against COVID-19 were crucial and weaken the macroeconomics issues.

Details

International Journal of Housing Markets and Analysis, vol. 17 no. 3
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 4 August 2021

Siti Hafsah Zulkarnain and Muhammad Najib Razali

This study is aimed to identify the attributes for a valuation approach of flood risk exposure, in particular for residential property. With frequent flood events in Malaysia…

Abstract

Purpose

This study is aimed to identify the attributes for a valuation approach of flood risk exposure, in particular for residential property. With frequent flood events in Malaysia, there is a need for valuation methods to evolve and represent the increased risk of natural disasters.

Design/methodology/approach

This study employed the Delphi method which is a systematic and interactive research technique in obtaining variables for a valuation approach for residential property exposed to flood risk.

Findings

Results from the Delphi method revealed four categories of attributes, namely environmental, locational, structural and economical.

Originality/value

The findings from this research will transform the valuation approach in Malaysia to identify the value of residential property exposed to flood risk. The determination of variables will represent the current risk in valuations, especially for residential property in flood-prone areas.

Details

Property Management, vol. 40 no. 1
Type: Research Article
ISSN: 0263-7472

Keywords

Book part
Publication date: 12 July 2021

Muhammad Najib Razali, Siti Hafsah Zulkarnain and Zakri Tarmidi

This study assesses the effects of flood hazard on property price, which focus on residential property. The growth in the population has resulted in more areas being explored…

Abstract

This study assesses the effects of flood hazard on property price, which focus on residential property. The growth in the population has resulted in more areas being explored, including areas that are prone to flooding. The exploration of a new area for housing development also brings vulnerability to flood hazard. This research employed hedonic regression method to assess the impact of flood to property price between low-flood and non-flood areas. The case study areas are residential properties along Langar River, Selangor, Malaysia. The findings reveal that residential price in case study areas have only little impact in terms of price impact from the flood events. This study also establishes a new valuation model by considering flood hazard. It is expected that the impact from the flood to property price will be significant in future due to changes in property demand patterns as well as the increase in environmental issues.

Details

Water Management and Sustainability in Asia
Type: Book
ISBN: 978-1-80071-114-3

Keywords

Content available
Book part
Publication date: 12 July 2021

Abstract

Details

Water Management and Sustainability in Asia
Type: Book
ISBN: 978-1-80071-114-3

1 – 5 of 5