scholarly journals A Study on Housing Price in Klang Valley, Malaysia

2016 ◽  
Vol 9 (12) ◽  
pp. 103 ◽  
Author(s):  
Paul Anthony Mariadas ◽  
Mahiswaran Selvanathan ◽  
Tan Kok Hong
Keyword(s):  
Inflation Rate ◽  
Housing Prices ◽  
Housing Price ◽  
Construction Cost ◽  
Residential Property ◽  
Property Market ◽  
Survey Form ◽  
Increasing Trend ◽  
Klang Valley ◽  
Main Factors

<p>The main aim of this study is to measure the factors influencing housing price in Klang Valley, Malaysia. This paper examines empirically whether the increasing trend in the Malaysian housing price is associated to changes in the population, construction cost, housing speculation, and inflation rate. The paper is exploratory in nature. The data is collected via questionnaire survey form distributed to youngest respondents in the sample area which is Klang Valley region. Each single elements are calculated its average index respect to few level of influence under respondents opinion. The index will then treated as influencing level of the factors. The paper delivers empirical outcomes that the population, construction cost and housing speculation are the main factors of housing prices. However, fluctuations in housing prices could not necessarily be influenced by the inflation rate. The overall result of this paper strongly recommends that housing price in the Malaysian residential property market is increasing continuously. Therefore, efforts to control the hike in housing price is needed by government and policy controllers in order to maintain the affordable to own a house in Malaysia.</p>

scholarly journals A Novel Housing Price Misalignment Indicator for Germany

2019 ◽  
Vol 20 (4) ◽  
pp. e759-e794 ◽  
Author(s):  
Markus Hertrich
Keyword(s):  
Housing Market ◽  
Housing Prices ◽  
Housing Price ◽  
Interest Rate Risk ◽  
Residential Property ◽  
Advanced Stage ◽  
Consumer Prices ◽  
Main Factors ◽  
Fundamental Value ◽  
German Housing Market

Abstract From 2014 until present, housing prices in Germany have been rising faster than consumer prices in all quarters except one, raising concerns about an excessive overheating of the housing market. To assess the vulnerability of the German housing market to a future realignment of prices or even a housing bust, this paper develops a housing price misalignment indicator that is composed of seven indicators, which are commonly associated with the fundamental value of residential property. An empirical application to the most recent data suggests that the German housing market exhibits an overvaluation of approximately 11%, where interest rate risk and a relatively advanced stage of the housing cycle are identified as the main factors fueling these imbalances, while a rather solid debt-servicing capacity mitigates these imbalances since end-2009.

scholarly journals BRE INDEX FOR THE HONG KONG RESIDENTIAL PROPERTY MARKET

2004 ◽  
Vol 8 (2) ◽  
pp. 105-119 ◽  
Author(s):  
Eddie Chi Man Hui ◽  
Joe Tak Yun Wong
Keyword(s):  
Hong Kong ◽  
Housing Price ◽  
Capital Gains ◽  
Residential Property ◽  
Property Market ◽  
Price Expectations ◽  
Significant Difference ◽  
Market Outlook ◽  
Price Trends ◽  
Residential Market

This paper examines housing price trends and prediction, of homeowners and potential home buyers, and establishes an independent index (the BRE Index) based on longitudinal telephone surveys collected. The Index, first of this kind in Hong Kong, measures price expectations and benchmarks the level of housing actors’ confidence in the residential market. This is the first paper delivered as part of a government‐funded research project. It synthesizes the key findings of the first survey mounted from 17th to 20th December, 2003. The results show that confidence among housing actors has begun to grow since the property crash in late 1997 with the “overall” BRE Index standing at 564 (0–1000 range). In general, homeowners, people with higher educational level and higher income are optimistic about the market outlook. Residential property prices are expected to rise marginally in the short term. Statistically, there is no significant difference in housing price expectations between homeowners and non‐owners. In their minds, economic condition is the most important factor affecting housing decisions. Apparently, the rising trends in the immediate past have been used to form expectations. The strength of the association between actual capital gains and forecast capital gains is moderately strong, and there appears co‐movement between them. This leads us to believe that hope‐led expectations increase the likelihood of sustaining price increases. The current market is largely driven by expectations. If households formed their expectations in a similar manner in other periods, there would be similar “positive hit” results, which might render the Index more powerful.

scholarly journals HOUSING AFFORDABILITY IN THE STATE OF JOHOR

2017 ◽  
Vol 15 ◽  
Author(s):  
Mariana Mohamed Osman ◽  
Muhammad Adib Ramlee ◽  
Nasriah Samsudin ◽  
Noor Suzilawati Rabe ◽  
Muhammad Faris Abdullah ◽  
...  
Keyword(s):  
Affordable Housing ◽  
Housing Prices ◽  
Housing Price ◽  
Housing Affordability ◽  
The State ◽  
Property Market ◽  
Population Changes ◽  
Demand And Supply ◽  
Economic Theories ◽  
Income Ratio

The Malaysian property market has been facing significant changes in terms of housing price since a decade ago and these changes are different between states. The changes in housing prices are being supported by the economic theories of demand and supply as well as the regional economic and demographic factors such as income level, housing supply stock, speculative buying and population changes. This paper provides an overview of the affordable housing policy and elaborates on the housing affordability index for the districts in the State of Johor. Using datasets for year 2012 and 2014 in order to determine the median multiple of price-income ratio, this paper found that housing in all the districts were generally unaffordable. Some districts recorded HAI of severely unaffordable, while others in the seriously and moderately unaffordable index categories.

scholarly journals LOCATION HOUSING AFFORDABILITY INDEX: ANALYSING THE RELATIONSHIPS

2021 ◽  
Vol 19 (15) ◽  
Author(s):  
Mohd Azren Hassan ◽  
Yusfida Ayu Abdullah ◽  
Dasimah Omar ◽  
Muhammad Hakim Danial
Keyword(s):  
Urban Areas ◽  
Housing Prices ◽  
Housing Price ◽  
Sampling Technique ◽  
Simple Random Sampling ◽  
Housing Affordability ◽  
Primary Data ◽  
Klang Valley ◽  
The Relationship

Previous studies claimed that Malaysia is inclined towards a severely unaffordable housing price. Despite such crucial studies, the topics do not provide sufficient empirical evidence to establish a relationship between housing prices, housing and transportation expenditure in Malaysia. Therefore, this study examines the role of these variables in determining the Location Housing Affordability Index. The research had therefore identified measurement items that contribute to Location Housing Affordability Index. The primary data was obtained from urban areas in the Klang Valley using questionnaires, where a total of 363 respondents were selected using the Simple Random Sampling technique. The Partial Least Squares (PLS) method was adopted in analysing the collected data to determine the relationship. The outcome demonstrated the relationship between housing price, housing and transportation expenditure, indicating the significance of the Location Housing Affordability Index and can be a reference for housing policymakers.

DETERMINANT FACTORS INFLUENCING HOUSING AFFORDABILITY AMONG BUMIPUTERA YOUTHS IN KLANG

2021 ◽  
Vol 19 ◽  
Author(s):  
Anis Syazwani Sukereman ◽  
Siti Hasniza Rosman ◽  
Suhana Ismail ◽  
Raja Faris Raja Faisal ◽  
Nur Berahim
Keyword(s):  
Household Income ◽  
Empirical Studies ◽  
Housing Price ◽  
Housing Affordability ◽  
Primary Data ◽  
Residential Property ◽  
Market Prices ◽  
Main Factors ◽  
The Government ◽  
Loan Approval

Housing affordability issues arise when the household income is insufficient to cover the expenses of owning a house due to high housing market prices. This significantly impacts potential buyers, especially members of the youth generation who have just embarked on their careers. This study contributes to the empirical studies related to the monetary and non-monetary factors that influence the affordability of housing for Bumiputera youths in Klang. Primary data was gathered from 382 respondents using purposive stratified sampling. The findings indicate that seven main factors strongly influence housing affordability for Bumiputera youths: household income, housing price, loan approval, household expenditure, type of property, number of working households and location. Thus, the findings of this study will contribute to policy decisions, assessments and practices related to housing affordability among Bumiputera youths and support the implementation of the government policy to ensure that at least 75% of Bumiputera households are able to own residential property.

CONSTRUCTING HOUSING PRICE INDEX FOR TERRACED PROPERTIES IN JOHOR BAHRU, MALAYSIA

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Wendy Wen Xin Lim ◽  
Burhaida Burhan ◽  
Mohd Lizam Mohd Diah
Keyword(s):  
Price Index ◽  
Housing Prices ◽  
Housing Price ◽  
Hedonic Price ◽  
Property Market ◽  
Price Variation ◽  
Vector Property ◽  
Hedonic Price Analysis ◽  
Housing Price Index ◽  
Housing Attributes

Housing is a country’s biggest asset. Hence, the pattern of the housing price index (HPI) is an important topic to gain insight into the housing market while identifying the prevailing housing issues. The determinants of housing price vary for each city and state based on the different characteristics in each location. Accordingly, HPI should consider the property’s quality differences. Besides, national HPI is insufficient and restricted to the housing price at the state level. Thus, the study focused on constructing a specified HPI model for different cities, districts, and states. Effective HPI can give parties a better idea of the current property market situation and act as an analytical tool in managing the sector. Specifically, the study aims to examine the relationship between the heterogeneity housing attributes and housing prices of the terraced properties in Johor Bahru, Malaysia. Additionally, the study provides detailed information on the key determinants of the housing price variation in Johor Bahru. Hedonic price analysis is useful in constructing HPI, expressing housing price as a function of vector property characteristics. Furthermore, HPI is constructed based on the yearly indices and by pooling the data into certain periods. The results show the percentage of variance explained by the factors of HPI for the terraced properties in Johor Bahru. Correspondingly, the underlying correlation between the tested housing attributes with the housing price is explained through the analysis results.

The relationship between housing prices and inflation rate in Turkey

2019 ◽  
Vol 13 (3) ◽  
pp. 427-452 ◽  
Author(s):  
Özge Korkmaz
Keyword(s):  
Price Index ◽  
Inflation Rate ◽  
Housing Prices ◽  
Consumer Price Index ◽  
Housing Price ◽  
Human Beings ◽  
Monthly Basis ◽  
Data Set ◽  
Content Type ◽  
The Relationship

Purpose Human beings need shelter as the beginning of their existence. Same holds true for people who live in Turkey as it is a cultural and traditional reason to be the host and endeavor to buy a home even if one has to pay the debt for years. Another factor that is important for individuals and even for countries is the inflation rate. In this context, the purpose of this study is to investigate whether the 26 regions of Turkey are affected by the inflationary pressure, specifically in the housing price index (HPI). Design/methodology/approach For this purpose, data from 2010:01 to 2019:01 and the consumer price index (CPI), as well as HPI have been used. The causal relationship between the variables is analyzed by Konya Causality (2006) test. Findings The key results suggest that HPI causes inflationary pressures in some regions. Research limitations/implications The study has some limitations in terms of data set and scope. These are as follows: although there are many variables affecting housing prices, this study aims to investigate the causal link between inflation and housing prices. In addition, only the CPI and HPI variables were provided on a monthly basis in the 2010-2019 period for 26 regions due to the aim of making regional propositions in the investigation of this relationship. For these reasons, different macroeconomic variables could not be studied. Originality/value This study makes the following contribution to the literature. While the majority of existing literature investigates the relationship between housing prices and inflation from an empirical perspective for country, very few studies have been for the sub-regions and also these studies have focused on only some sub-regions. In other words, in the literature review, a study has observed that Turkey has to examine the relationship between the housing price and inflation variables for all sub-regions in particular. To overcome this deficiency in the literature, this study aims to investigate the relationship between housing price and inflation for 26 regions.

scholarly journals HOUSING AFFORDABILITY IN THE STATE OF JOHOR

2017 ◽  
Vol 15 (1) ◽  
Author(s):  
Mariana Mohamed Osman ◽  
Muhammad Adib Ramlee ◽  
Nasriah Samsudin ◽  
Noor Suzilawati Rabe ◽  
Muhammad Faris Abdullah ◽  
...  
Keyword(s):  
Affordable Housing ◽  
Housing Prices ◽  
Housing Price ◽  
Housing Affordability ◽  
The State ◽  
Property Market ◽  
Population Changes ◽  
Demand And Supply ◽  
Economic Theories ◽  
Income Ratio

The Malaysian property market has been facing significant changes in terms of housing price since a decade ago and these changes are different between states. The changes in housing prices are being supported by the economic theories of demand and supply as well as the regional economic and demographic factors such as income level, housing supply stock, speculative buying and population changes. This paper provides an overview of the affordable housing policy and elaborates on the housing affordability index for the districts in the State of Johor. Using datasets for year 2012 and 2014 in order to determine the median multiple of price-income ratio, this paper found that housing in all the districts were generally unaffordable. Some districts recorded HAI of severely unaffordable, while others in the seriously and moderately unaffordable index categories.

Housing Inflation: Policy Guidelines from Shariah Perspective

2019 ◽  
Vol 16 (1) ◽  
pp. 70-81
Author(s):  
Azrul Azlan Iskandar Mirza ◽  
Asmaddy Haris ◽  
Ainulashikin Marzuki ◽  
Ummi Salwa Ahmad Bustamam ◽  
Hamdi Hakiem Mudasir ◽  
...  
Keyword(s):  
Content Analysis ◽  
Housing Prices ◽  
Construction Materials ◽  
Housing Price ◽  
Developed Countries ◽  
Control Element ◽  
Recent Issue ◽  
Analysis Methodology ◽  
The Government ◽  
Developing And Developed Countries

The soaring housing prices in Malaysia is not a recent issue. It is a global phenomenon especially in developing and developed countries, driven by factors including land price, location, construction materials cost, demand, and speculation. This issue demands immediate attention as it affects the younger generation, most of whom could not afford to buy their own house. The government has taken many initiatives and introduced regulations to ensure that housing prices are within the affordable range. This article aims to introduce a housing price control element from the Shariah perspective, as an alternative solution for all parties involved in this issue. It adopts content analysis methodology on policy from Shariah approved sources.

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