The Volatility of Penang Heritage Property Price Index



Koh, Yu Xuan (2020) The Volatility of Penang Heritage Property Price Index. Final Year Project (Bachelor), Tunku Abdul Rahman University College.

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The study is concentrated on enhancing the investment portfolios with the heritage properties investment. Besides, this study constructs the Heritage Property Price Index (HPPI) to analyses the price of the heritage properties in Georgetown, Penang. It conducted on the basis of quarterly historical transaction data collected from year 2009 to year 2018 were obtained from governmental sources. Furthermore, the study would examining the risk and return of the heritage properties investment and compare with stock market. In particular, the study attempts to investigate whether the returns are correlated between them, and to explore the potential diversification effects on creating a diversify portfolio. Descriptive and inferential analysis are adopted in this study. Finally, the results of the study indicate that the quarterly returns on heritage properties and stock markets are not correlated. Therefore, diversification benefits could be achieved by creating a balanced portfolio.

Item Type: Final Year Project
Subjects: Social Sciences > Real estate. Property management
Faculties: Faculty of Built Environment > Bachelor of Estate Management (Honours)
Depositing User: Library Staff
Date Deposited: 08 Sep 2020 01:39
Last Modified: 08 Sep 2020 01:39