Factor Affecting Residential Property Price in Kuala Lumpur

Loo, Kai Vonn (2022) Factor Affecting Residential Property Price in Kuala Lumpur. Final Year Project (Bachelor), Tunku Abdul Rahman University College.

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Abstract

In Malaysia, the housing sector plays an important role in the country’s economic development whereby it can support and sustain the growth of the economy. Rapid urbanization leads to an increase in urban population, raises economic performance as well as increases the demand for housing. As we know that, there is an oversupply in the market in these challenging economic conditions. This research hope that will benefit developers, investors, buyers, and future researchers to help identify what factor is affecting residential property prices in Kuala Lumpur. As a result, these research objectives are aim to investigate the factors that affect the residential property prices in Malaysia’s market and to identify the decision, which makes by Malaysians before buying a residential property. In addition, to determine the most desirable type of residential property in Kuala Lumpur among the buyers, which can clarify the buyer preference on what type of residential buildings. Next, the research approach was carried out based on quantitative research. Questionnaires will be distributed to potential buyers for different perspectives who ages 21 and above in Kuala Lumpur. Then, the data collected will be analysed by using Statistical Package for Social Science (SPSS) software.