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1 – 10 of over 32000Raden Aswin Rahadi, Sudarso Kaderi Wiryono, Deddy Priatmodjo Koesrindartoto and Indra Budiman Syamwil
– The purpose of this paper is to compare the different preferences between property practitioners and residential consumers on housing prices in the Jakarta Metropolitan Region.
Abstract
Purpose
The purpose of this paper is to compare the different preferences between property practitioners and residential consumers on housing prices in the Jakarta Metropolitan Region.
Design/methodology/approach
The Jakarta Metropolitan Region as the largest metropolitan city in Indonesia was selected as the main sample city for this study. This study comprises 134 respondents from property practitioners and 277 respondents from residential consumers. Data were collected from all regions in Jakarta Metropolitan Region and their respective satellite cities. Descriptive analysis, the correlation study, Wilcoxon t-test and principal component analysis were used to compare the findings between each group’s preferences on housing attributes.
Findings
The results of this research provide an analysis on the different decisive attributes for each group, disparities on the correlation between attributes in housing consumers and property practitioners and disagreements among each group on the attribute preferences influencing housing prices in the Jakarta Metropolitan Region.
Research limitations/implications
In conclusion, the study provides valid and dependable evidence on different consumers and property practitioners attribute preferences for housing products in the Jakarta Metropolitan Region.
Originality/value
This research is the first to compare the attribute preferences for housing products between housing consumers and property practitioners in Indonesia. In addition, this study is one of the first to reaffirm preference attributes influencing housing product prices in Indonesia.
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Fatemeh Khozaei, T. Ramayah, Ahmad Sanusi Hassan and Lilis Surienty
This study aims to examine the possibility that housing satisfaction mediates the relationship between fulfilled preference and a sense of attachment to place.
Abstract
Purpose
This study aims to examine the possibility that housing satisfaction mediates the relationship between fulfilled preference and a sense of attachment to place.
Design/methodology/approach
A 15‐item questionnaire was administrated to 751 students residing in residence halls at a public university in Malaysia. The respondents were asked to choose their answer from a four‐point Likert scale that was constructed as follows: not at all; very little; mostly; and very much.
Findings
The results of the survey revealed that housing satisfaction partially mediated the relationship between fulfilled preferences and sense of attachment to place. These results highlight the importance of students' fulfilled preferences. It reveals that the more students' preferences regarding residence hall were fulfilled, the more they were satisfied with their residence hall and felt attached to it.
Originality/value
The findings of this study emphasise the importance of understanding students' residence hall needs and fulfilling their desire. These findings also emphasize that university students must not be viewed merely as temporary residents who stay in residence halls for just a few years.
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Hung Vu Nguyen, Long Thanh Do, Cuong Van Hoang and Phuong Thi Tung Nguyen
While interior public space can be one of the most important criteria in designing high-rise residential buildings in urban environments in practitioners’ opinion, this study aims…
Abstract
Purpose
While interior public space can be one of the most important criteria in designing high-rise residential buildings in urban environments in practitioners’ opinion, this study aims at investigating the importance of this criterion from consumers’ lifestyle standpoint. In particular, this study aims to examine the effects of different lifestyle orientations on consumers’ preference for this housing feature. Three relevant lifestyles are investigated including independence, family-orientation and homebody.
Design/methodology/approach
Survey data were collected from 331 owners of high-rise apartments in three residential buildings in urban areas.
Findings
The research results revealed significant and positive effects of independence and homebody lifestyle orientations on consumers’ preference for interior public spaces. Interestingly, a family-oriented lifestyle was found to negatively moderate the effect of a homebody lifestyle on the preference, providing evidence for possible exclusive impacts of different lifestyle orientations on the preference.
Originality/value
This study emphasizes the exclusive impacts of different lifestyles on consumers’ preference for housing features that need to be considered by developers and marketers when designing consumer positions and marketing strategies.
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Alina Delgado and Frank De Troyer
The purpose of this paper is to describe the principles of a conceptual model to help developers and housing users achieve their expectations regarding quality, affordability and…
Abstract
Purpose
The purpose of this paper is to describe the principles of a conceptual model to help developers and housing users achieve their expectations regarding quality, affordability and reasonable profits. Based on the identification of housing user’s preferences extracted from the survey, data are incorporated into model simulations considering budget restrictions for developers as well as for housing users.
Design/methodology/approach
The models’ development was based on fieldwork in Guayaquil, Ecuador, using a method that includes housing users’ preferences. Developed through a “methodological pluralism”, this study identifies people-oriented variables and assumptions. Thus, a more integrated approach is proposed, crossing and covering the fields of different disciplines.
Findings
The study concludes with findings regarding the identification of the most preferred attributes of housing users and the proposal of an alternative method to incorporate quality into model simulations for estimating housing market prices. Through optimizations, it is found that the optimal number of housing units per housing types in urban projects, which translates into more reasonable profits for the developers and the provision of better and more affordable houses for the users.
Research limitations/implications
A more complete assessment of the principles described in this paper will require a larger timeframe and location of application.
Practical implications
The identification of the most preferred attributes of housing users and the inclusion in a conceptual simulation model would help private and public developers to provide better and more affordable houses for users as well as to attain reasonable profits. Further, housing national policy could also be influenced by model’s results.
Social implications
The consideration of housing user’s preferences will entail an improvement of quality of life for social housing projects.
Originality/value
The study’s main original and novel contribution is the development of an approach for the inclusion of housing preferences into model simulations by using quality points and housing demand curves.
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In several countries the period after World War II is characterized by building dwellings in mass production in order to bring the supply in line with the increasing housing…
Abstract
In several countries the period after World War II is characterized by building dwellings in mass production in order to bring the supply in line with the increasing housing demand. As a result little attention was paid to societal trends and actual user wants. Several trends and developments with respect to housing have been identified since then, which seem to make a more individualized approach to the development, design and building of dwellings and residential environments desirable. In such an approach a thorough understanding of the objectives and activities of inhabitants seems to be required. But how can we explore these objectives and activities? We lack a structured set of instruments that can be used by policy makers, architects, developers and builders to map out a detailed record of user wants. Although there are many methods for the elicitation of housing preferences these methods are not satisfactory for this purpose, because, among others, they focus on what people want and not on why they want it. In this paper I shall first describe the main characteristics of methods for measuring stated housing preferences. Subsequently, I will present an outline of a more user-oriented approach to the measurement of housing preferences. This approach is based on Gibson’s theory of affordances.
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Vahid Moghimi and Mahmud Bin Mohd Jusan
The purpose of this paper is to unveil how Johor Bahru resident’s conceptions are affected by various structural housing attributes. The determination of an appropriate…
Abstract
Purpose
The purpose of this paper is to unveil how Johor Bahru resident’s conceptions are affected by various structural housing attributes. The determination of an appropriate combination of housing preferences requires a great deal of involvement to balance a complex interplay of factors. This is attributable to this fact that housing preferences involve multiple-criteria decision-making, as each element has its own perceived relative importance. Accordingly, this study examines the resident housing preferences of Johor Bahru located in southern Malaysia with specific emphasis on the priority of structural attributes of housing preferences.
Design/methodology/approach
Using data collected through the theoretical and conceptual framework of non-structural fuzzy decision support system (NSFDSS) applied to facilitate the priority setting process.
Findings
Priority lists of preferences for structural housing attributes showing the contribution of each factor within their respective level and not the contribution of that factor toward the overall housing preferences were established.
Practical implications
By providing primary information about how potential buyers of a new house prioritize the different elements of a house design, the obtained results can make a useful contribution to the knowledge of individuals engaged in the housing development industry.
Originality/value
While in examining consumers’ housing choice and preferences, most studies use the hedonic price framework studying the issue from several aspects, this is first study dedicated to establish a priority of housing attribute using NSFDSS.
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Djoni Hartono, Tony Irawan, Khoirunurrofik Khoirunurrofik, Ramadani Partama, Nurul Wajah Mujahid and Desi Setiadestriati
High numbers of housing backlogs as well as inadequate housing for low-income are one of the Indonesian government’s major concerns, especially in urban areas where the price of…
Abstract
Purpose
High numbers of housing backlogs as well as inadequate housing for low-income are one of the Indonesian government’s major concerns, especially in urban areas where the price of house is high. This study aims to identify low-income communities’ preferences on house ownership status, renting or buying and house provider, public or private, in Jakarta and surrounding areas.
Design/methodology/approach
This study adapts Longley multistage choice model in the Indonesian context to analyze people’s preferences in choosing a place to live in urban areas. This study analyzes two choices of models which are aspects of homeownership (buying or renting) and aspects of residential types (private or public).
Findings
Using data collected through a survey of 1,000 households in greater Jakarta (Jakarta, Bogor, Depok, Tangerang, and Bekasi), this study found that households which have fixed employment status, an older age, a larger number of family members, higher level of education and literacy in housing policy, accessible house location and more affordable to own house have a higher probability to choose to own a house. In addition, education level, age, and family size are major determinants of a household’s decision to occupy a public house rather than a private house. The findings provide basic input to government development programs in designing housing policy for low-income people.
Originality/value
There are only a few studies related to house-ownership preferences in low-income people, especially in developing countries, including Indonesia. This study contributes to the housing studies literature by strengthening empirical evidence from developing countries that have large populations and mostly live in urban areas.
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Nor Ezatie Mukminah Muhammad Zamri, Mahazril ‘Aini Yaacob and Norazah Mohd Suki
The purpose of this study is to examine the key factors that influence the housing preferences of young civil servants in Malaysia.
Abstract
Purpose
The purpose of this study is to examine the key factors that influence the housing preferences of young civil servants in Malaysia.
Design/methodology/approach
A self-administered questionnaire was distributed to 400 respondents who fulfilled the eligibility criteria of civil servant working in Malaysia aged between 20 and 40 years, and currently renting a house, or staying with friends, immediate family or relatives. Data were analysed via exploratory factor analysis and Pearson correlation.
Findings
The results reveal that financial capability is the factor that most strongly influences the housing preferences of young civil servants, followed by neighbourhood and location. Young civil servants are highly inclined to consider the monthly repayment amount as the most important issue when deciding to buy a house. Furthermore, they prefer to buy a house in a neighbourhood that ensures high security and protection against crime.
Practical implications
Housing developers should develop affordable housing in suitable neighbourhoods and locations to match homebuyers’ preferences to avoid a mismatch between housing demand and supply, which is obviously one of the greater risks of unsold homes.
Originality/value
Given the lack of focus on this precise research sample (i.e. young civil servants), the study is justified in terms of its originality, as it examines a specific cohort by focussing on the correlations of location, financial capability and neighbourhood with housing preferences of young civil servants in Malaysia. These insights are invaluable, as this group has not been the specific focus of research.
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Raden Aswin Rahadi, Sudarso Kaderi Wiryono, Deddy Priatmodjo Koesrindartoto and Indra Budiman Syamwil
– This study aims to address the factors or attributes that would influence the price of residential products in Jakarta Metropolitan Region.
Abstract
Purpose
This study aims to address the factors or attributes that would influence the price of residential products in Jakarta Metropolitan Region.
Design/methodology/approach
In total, 202 respondents from all across Jakarta Metropolitan Region participated in the questionnaire for this study. Demographic questions are categorized into age, gender and preferences for real estate locations. The questionnaire was made based on the author’s previous studies. Of the total respondents, 127 were males and 75 were females with age ranging from 18 to 56 years old. For data analysis, the authors utilized factor analysis, Cronbach’ α test and analysis of correlation to reach the conclusion of this study.
Findings
The findings suggested that from the initial three factors groups, there are five new groups that emerge as influencing factors for housing prices. Cronbach’ α score were verified (α = 0.906). Correlation study result suggested that the initial three factors groups produce a significant correlation between each of them, except for the factor of “overall location” and “located near family.” After factor analysis, the research results show that there are two new additional groups of factors that emerge as influences to housing prices. There are significant scores of differences between gender and real estate location preference toward the groups of factors.
Research limitations/implications
This study shows how physical qualities, concept and location factors influence the housing price perception of their consumers. The result shows to be relatively reliable and valid.
Originality/value
The study is the first to analyze the relationship between the factors for preferences on residential products and housing price in Indonesia. This paper is also intended to be the first to pioneer the study on factors of preferences on residential products in Indonesia. The findings will be useful to develop pricing models for housing product in Indonesia.
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Alina Delgado and Frank De Troyer
A fundamental change in the planning and delivery of new housing projects has taken place in the last years, with the focus shifting towards adding value to projects based on a…
Abstract
A fundamental change in the planning and delivery of new housing projects has taken place in the last years, with the focus shifting towards adding value to projects based on a better understanding of housing preferences. This issue becomes even more critical when it is intended to the provision of affordable houses for low and middle income groups. This paper describes a model designed to help developers and housing users to achieve their expectations regarding quality, affordability and including also reasonable profits. Developed through a “methodological pluralism”, this study identifies people-oriented variables and assumptions. The model was developed based on a case study in the city of Guayaquil-Ecuador, and information obtained from field work research was used to test it. The study examines implications and limitations of the model for inclusion of housing preferences considering local conditions and cultural values. The different parts of the model along with data requirements for each part are described. The paper concludes with findings regarding the identification of most preferred attributes by housing users and the use of alternatives methods to incorporate additional value into projects, translated into more appealing profits for developers and the provision of better and more affordable houses for users.
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