Impact of Selected Negative Factors to the Housing Prices in Malaysia

See, Khai Man (2020) Impact of Selected Negative Factors to the Housing Prices in Malaysia. Final Year Project (Bachelor), Tunku Abdul Rahman University College.

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Abstract

the interests on a particular property. In the determination of the market value of a property, many aspects are taken into account, including the negative factors of the said in the property. There is an on-going issue concerning the effect of negative factors on the market value of property in Malaysia. There is a contrast opinion from foreign researcher whereby some of them support impact of negative factors to the house price, and on the other hand, suggest a negative relationship. The town be selected was named Taman Sri Gombak and it community in Batu Caves. The residential property chosen for analysis must be transacted within the study period (2015 -2019). In order to fulfil the objective of this study, the selected case study should have the least dissimilarities among themselves so that the result of this analysis will be more significant. In this study a multiple regression analysis is using in quantifying the simultaneous impacts of various variables upon a single dependent variable. Furthermore, as omitted variables create bias with simple regression. There are a total of 363 data transactions which are fulfilling the requirement of the analysis in this study. After analysis, the deduction of 5.69% for house price sited near to a TNB substation, deduction of 4.79% for house price fronting onto a T-junction and deduction of 1.97% for house price located near to hill-slope. This academic exercise aims to study the impact of selected negative factors to the housing prices in Malaysia as well as to determine the fair adjustment to compensate the differences negative factors between subject property and comparable. The transaction data of property in the study area are analysed and discussed.