Evaluating the dynamics of pre-war commercial property value in Bandar Penggaram heritage zone (2014-2024)

The dynamics of commercial property market for pre-war buildings within the heritage zones always presents a complex and evolving scenario. Challenges such as low transaction volumes, limited comparable evidence, and significant urban conservation and preservation issues have made it challenging to accurately assess property values. Moreover, economic fluctuations and recovery after COVID-19 pandemic have further complicated trends in this sector. This study aims to comprehensively analyse trends in the commercial property values of pre-war buildings in Bandar Penggaram's heritage zone from 2014 to 2024. It will also seek to identify key factors influencing these property values. A qualitative research approach will be adopted, relying on data collected through an extensive review of sales transaction documents. The primary data sources will include the sales data transaction obtained from Valuation and Property Services Department (JPPH) and property market reports from the National Property Information Centre NAPIC), focusing on commercial property transactions within the said period. To effectively analyse the data, Microsoft Excel will be used to identify trends and dynamics in pre-war building transactions. Additionally, Multiple Regression Analysis (MRA) will be conducted using the Statistical Package for the Social Sciences (SPSS). This research will enable for understanding and to gain deeper insights into the factors influencing property values for commercial pre-war buildings within Batu Pahat Heritage Zone.