The determinants of housing price index in Malaysia: gross domestic product, population, inflation rate and unemployment rate / Nur Syafiqah Athirah M.Haizal

M.Haizal, Nur Syafiqah Athirah (2019) The determinants of housing price index in Malaysia: gross domestic product, population, inflation rate and unemployment rate / Nur Syafiqah Athirah M.Haizal. [Student Project] (Unpublished)

Abstract

The main purpose of this study is to measure the relationship between macroeconomic variables and the housing price index in Malaysia. This paper examines empirically whether the increasing trend in the Malaysian housing price is related to changes in the gross domestic product (GDP), population, inflations rate, and unemployment rate. The paper is exploratory in nature. The empirical data were collected from Valuation and Property Services Department of the Ministry of Finance Malaysia and World Bank Data from 1988 to 2018. The paper provides empirical results that all the macroeconomics variables are the key determinants of housing prices. However, changes in housing prices may not necessarily be influenced by all the macroeconomic variables in Malaysia. The general finding of this paper strongly suggests that housing bubbles in the Malaysian residential property market are becoming bigger and stronger. The paper is useful for house developer, future researcher and policy maker to know which factors to account for in housing investment decision. This paper can serve as a guide for the government in stabilizing the residential housing price in Malaysia.

Metadata

Item Type: Student Project
Creators:
CreatorsID Num. / Email
M.Haizal, Nur Syafiqah AthirahUNSPECIFIED
Contributors:
ContributionNameID Num. / Email
Thesis advisorSaddam, ZaitunUNSPECIFIED
Subjects: H Social Sciences > HC Economic History and Conditions > Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
H Social Sciences > HD Industries. Land use. Labor > Labor. Work. Working class > Housing
H Social Sciences > HF Commerce > Pricing
Divisions: Universiti Teknologi MARA, Melaka > Bandaraya Melaka Campus > Faculty of Business and Management
Programme: Bachelor of Business Administration (Hons) Finance (BA242)
Item ID: 28548
Uncontrolled Keywords: Housing price; Economic variable; GDP; Population; Inflation rate; Unemployment rate; Malaysia
URI: http://ir.uitm.edu.my/id/eprint/28548

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