PURCHASING DECISION OF PROPERTY BUYERS: THE HOUSING QUALITY, FINANCIAL CAPABILITIES, AND GOVERNMENT POLICIES STUDIES

There are generally three types of house buyers called owner-occupiers, investors,and speculators. However, various factors that affect their decision to purchase a house. The research aims to identify the main factors that will affect the purchase decision of property buyers. Factors such as environmental factors, financial factors, governmental factors, subjective norms, and physical design factors will affect their decision to purchase. The research technique used is quantitative research. Descriptive analysis and inferential analysis to analyse the hypothesis. Based on the findings, the factors that showed to be statistically significant are the environmental, governmental, and subjective norm factors. Environmental factor has a positive influence towards the purchasing decision of dwelling while governmental and subjective norm factor has a negative influence onthe purchasing decision of residential properties. The regression model findings from this research show not only governmentimposed regulation could significantly affecting the purchasers’ decision, however, environmental and subjective norm factors play a major role in this matter. This information is beneficial to developers that have the intention to construct dwellings in the future. Developers can take into consideration all the significant factors before deciding on the location for their future development.

PENINGKATAN LINGKUNGAN HIJAU SKALA RUMAH TANGGA DI TENGAH PANDEMI COVID-19 (Percontohan di RT 8, RW 4, Perumahan Karanglo Indah, Desa Balearjosari)

abstrakUndang-undang Republik Indonesia No 26 Tahun 2007 tentang Penataan Ruang, menetapkan harustersedia Ruang Terbuka Hijau sebesar 30% dari luas Daerah Aliran Sungai (DAS). Dan dalam Permen ATRNomor 16 tahun 2018 ditetapkan harus tersedia RTH privat sebesar 10%. Hal itu bertujuan untukmeningkatkan kualitas lingkungan hidup di wilayah perkotaan, diantaranya penyediaan resapan, penyegaranudara, dan tentunya aspek estetika. Namun tidak banyak masyarakat Indonesia yang mengetahui adanyaperaturan tersebut. Bahkan banyak pengembang yang tidak memperhatikan aspek tersebut. Sehingga parapembeli rumah tidak tahu adanya persyaratan dalam mendirikan atau mengembangkan bangunan yang harusmenyediakan RTH.Di Perumahan Karanglo Indah (dalam kasus ini sebagai percontohan adalah wilayah RT 8) masihdirasakan kurangnya Ruang Terbuka Hijau di sebagian besar rumah, seperti lingkungan hijau. Hal ini karenahalaman rumah sudah penuh tertutup bangunan. Pengabdian kepada Masyarakat (PkM) ini bertujuan untukmemberikan pemahaman kepada masyarakat tentang arti pentingnya RTH. Pengabdian kepada Masyarakat inidilaksanakan saat pandemi Covid-19, yang harus mengikuti protokol kesehatan dan physical distancing, makapemberian pemahaman hanya diberikan kepada Ketua RT, ketua PKK dan dasa wisma. Hasil dari pelaksanaankegiatan berupa percontohan lingkungan hijau berupa penanaman tanaman sayur, baik secara hidroponikvertikal maupun apung dan tanaman dalam polybag. Upaya ini selain untuk menambah lingkungan hijau jugamendukung kegiatan Kemandirian Pangan di era pandemi Covid-19 AbstractLaw No.26 of 2007 on Spatial Planning determines that 30% of Watershed must be available for open spaces. TheRegulation of The Minister of Agragrian and Spatial Planning Number 16 of 2018 determines that 10% of openspaces must be available for private open spaces. It aims to improve the quality of environment in urban areasincluding the availability of infiltration, air freshening, and aesthetic aspects. However, not many Indonesians knowthis regulation. Even many developers do not pay attention to this aspect and house buyers do not know the openspace requirements for building or developing buildings. Most houses at Karanglo Indah Housing ( as a pilotproject, RT 8, RW 4) are still lack of open spaces as the green environment. This is because the yard is full ofbuildings. This Community Service aims to provide information to that community so that they understand theimportance of open space. Since the Community Service was carried out during the Covid-19 pandemic which mustcomply with health protocols and physical distancing, the information is only given to the head of NeighborhoodAssociation, head of Family Welfare Group and head of a Group of ten families. The result of this activity is a pilotgreen environment as planting vegetable plants, both vertical and floating hydroponics and plants in polybags.Besides enlarging the green environment, this activity also supports food independence activities in the era ofCovid-19 pandemic.

Effect of Roof Tile Colour on Heat Conduction Transfer, Roof-Top Surface Temperature and Cooling Load in Modern Residential Buildings under the Tropical Climate of Malaysia

Modern residential roofs in Malaysia mainly employ red and brown roof tiles due to aesthetic factors and the ability of the roof surface to reflect or retard heat transfer is typically not considered the main priority. The present article reveals the findings of a study on the effect of roof tile colour on heat conduction transfer through roof tiles and ceiling boards, roof-top surface temperature and cooling load. Findings suggest that the selection of white roof tiles significantly reduces the peaks of heat conduction transfer and roof-top surface temperature as well as the values of heat conduction transfer and roof-top surface temperature throughout diurnal profiles, which consequently reduces hours of indoor thermal discomfort and use of air-conditioners in indoor spaces. A decline in peak roof-top surface temperature of up to 16.00 °C that results in annual energy savings of up to 13.14% can be achieved when the roof tile colour is changed from red to white. Further research on the development of solar-reflective paint or coating products that can significantly increase the solar reflectance values of non-white roof tiles are essential to overcome issues related to maintenance difficulties and lack of preference among house buyers towards white roof tiles.

HOUSING AFFORDABILITY PREFERENCES FOR ‘RUMAH SELANGORKU’ SCHEME

Housing is described as one of the most universal concerns for a country's welfare that reflects people's perception of living standards. Every homebuyer must have their own natural preferences in buying a house. Apart from that, this study focused on housing affordability preferences for “Rumah Selangorku” Program. This research aims to rank the house buyers’ preferences elements for ‘Rumah Selangorku’ in specifically De Kiara Apartment, Shah Alam, Malaysia. This research also identifies the preferences elements for house buyers from the literature. The questionnaire survey has been distributed towards respondents which are the occupants of De Kiara Apartment, Shah Alam. Thus, the results indicated price at the first ranked followed by locality; design; space standard; and facilities and services.

A FRAMEWORK FOR BUYERS’ HOUSE SELECTION CRITERIA VS. POST-OCCUPANCY RESIDENTIAL SATISFACTION LEVELS IN NORTH CYPRUS

Intense competition existing in speculative house-building market creates an industry dominated by client groups. This paper provides insights into house-buyers’ perceptions of a set of criteria contributing to their selection of the product (house) to buy together with the post-occupancy residential satisfaction levels reached after their selections, by presenting survey findings of 320 house-buyers in North Cyprus house-building market. A striking finding was the fact that the responding house-buyers belonging to different categories had very significantly different priorities in the house selection stage. Therefore, market segmentation is the area with a great potential for competitive advantage which will help the house-builders to focus on the product selection criteria of buyers in specific segments so that the capabilities and the strategies of the company can be presented in ways best suited to take advantage of these. Furthermore, the findings demonstrated that price/payment method, design and customization were all crucially important for the buyers. Therefore, builders should focus on determining the optimum customization to offer greater product choice and a proper design without losing their competitive prices. The post-occupancy residential satisfaction values varied significantly according to the categories of house-buyers. This study will combine house-buyers’ product selection criteria and the related satisfaction levels reached during post-occupancy stage. Although this study was based on input provided by house-buyers in North Cyprus market, we believe the findings are of good value to builders and buyers in other similar markets.

Exploring the Factors Influencing Kaohsiung Residents’ Intentions to Choose Age-Friendly Housing

Taiwan’s declining birthrate has changed the housing market, which should become more consumer-oriented in the future. In particular, age-friendly housing has become a salient housing choice among buyers. Age-friendly housing consists of housing units that are suitable for occupants of any age. There are three concepts underlying such housing: aging in place, multigenerational-multiunit living arrangements, and lifetime homes. This study aimed to examine the factors affecting consumers’ choice of age-friendly housing. The participants were residents of Kaohsiung City, and data analysis was performed using a binary logistic model. The empirical results indicated that adult sons/daughters, residents who currently live in the city center, residents who have a high or medium monthly family income, residents who are currently part of a stem family, residents who desire to live under multigenerational-multiunit living arrangements, residents who desire to be a part of a stem family, and residents who prioritize housing type when house-buying are significantly more likely to choose age-friendly housing. These results can serve as a reference regarding age-friendly housing investments for investors, as well as for house buyers who are deliberating between age-friendly housing and ordinary housing.

Receptiveness of Islamic Home Financing among Malaysians: A Revisit

This study examines the effects of the key factors influencing the intention of first-time house buyers to choose Islamic home financing products. First-time house buyers are selected since they are the major segment of Islamic banks' profit for the Islamic mortgage sector. Drawing upon the theory of planned behaviour (TPB), this study proposes a model to test the effects of attitude, subjective norm and perceived behavioural control on the intention of selecting Islamic home financing. This study also examines the effect of "perceived customer taqwa” on customer receptiveness to Islamic home financing. Based on 150 usable questionnaires, PLS results indicate that attitude and perceived behavioural control of the TPB are instrumental in determining the receptiveness of Islamic home financing products. Besides, the added factor, namely, perceived customer taqwa is influential in explaining the receptiveness- implying that God-fearing and God-conscious in oneself resulted in strong intention to opt for halal products. The findings demonstrate that the enhancement of measurement items for TPB factors as well as generation of new factor reflecting Islamic home financing are relevant in determining one’s decision of Islamic home financing. Besides, the findings could offer support to Islamic bank managers to enhance their planning for Islamic home financing products and develop effective strategies accordingly that benefit their customers.

Analysis of housing prices in Petaling district, Malaysia using functional relationship model

Purpose The purpose of this paper is to analyse and predict the housing prices in Petaling district, Malaysia and its six sub-regions with a set of housing attributes using functional relationship model. Design/methodology/approach A new multiple unreplicated linear functional relationship model with both the response and explanatory variables are subject to errors is proposed. A total of 41,750 housing transacted records from November 2008 to February 2016 were used in this study. These data were divided into 70% training and 30% testing sets for each of the selected sub-regions. Individual housing price was regressed on nine housing attributes. Findings The results showed the proposed model has better fitting ability and prediction accuracy as compared to the hedonic model or multiple linear regression. The proposed model achieved at least 20% and 40% of predictions that have less than 5% and 10% deviations from the actual transacted housing prices, respectively. House buyers in these sub-regions showed similar preferences on most of the housing attributes, except for residents in Shah Alam who preferred to stay far away from shopping malls, and leasehold houses in Sri Kembangan are more valuable. From the h-nearest houses indicator, it is concluded that the housing market in Sungai Buloh is the most volatile in Petaling District. Research limitations/implications As the data used are the actual housing transaction records in Petaling District, it represents only a segment of Malaysian urban population. The result will not be generalized to the entire Malaysian population. Practical implications This study is expected to provide insights to policymakers, property developers and investors to understand the volatility of the housing market and the influence of determinants in different sub-regions. The potential house buyers could also use the model to determine if a house is overpriced. Originality/value This study introduces measurement errors into the housing attributes to provide a more reliable analysis tool for the housing market. This study is the first housing research in Malaysia that used a large number of actual housing transaction records. Previous studies relied on small survey samples.

ANALYTICAL HIERARCHY PROCESS (AHP) APPROACH ON CONSUMER PREFERENCES OF RESEDENTIAL HOUSING IN GATED COMMUNITY MANADO

Construction growth for the residential property in gated community Manado had reached its highest growth of 7,68% in Q2 2014. Increasing purchase intention of the house buyers resulted huge increase in the residential housing price in gated community. Since the gated community started to become a trend as a preferred choice for people to stay in, therefore, this study seeks to discover the reason for people to purchase residential properties.