Factors influence overhang high-rise residential units in Kuala Lumpur

This research investigates the factors influencing the overhang of high-rise residential units in Kuala Lumpur, a pressing issue that significantly impacts the local real estate market and the broader economy. The study is guided by two primary research objectives. The first objective, to identify what factors influence overhang in high rise residential property and the second objective is to rank the most influence factors to the overhang of the high-rise residential property in Kuala Lumpur. The research employs a descriptive research design, which is suitable for addressing the variables influencing the overhang of high-rise residential property. A combination of primary and secondary data collection methods is utilized, including semi-structured interviews with relevant professionals panel such as real estate developer, valuer, and estate agent. Thematic analysis is applied to interpret the qualitative data gathered from these interviews with Nvivo software assistance, allowing for a nuanced understanding of the factors at play. The significance of this research lies in its potential to provide valuable insights for policymakers, developers, and investors. By identifying the underlying causes of residential property overhang, the findings aim to inform effective strategies to mitigate this issue, ultimately contributing to a more stable and balanced real estate market in Kuala Lumpur.