Abstract
The main purpose of this study is to measure the relationship between macroeconomic variables and the housing price. This paper examines empirically whether the increasing trend in the Malaysian housing price is related to changes in the interest rate, consumer price index and stock price KLCI. The empirical data were collected from data stream using monthly basis from 2003 to 2013. The paper provides empirical results that the interest rate, consumer price index and stock price KLCI are the key determinants of housing prices. 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 researcher, investors (buyer), and organization 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 |
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Creators: | Creators Email / ID Num. Mohd Ariff, Mohamad Azman UNSPECIFIED |
Subjects: | H Social Sciences > HB Economic Theory. Demography > Price H Social Sciences > HB Economic Theory. Demography > Consumption. Demand (Economic theory) H Social Sciences > HD Industries. Land use. Labor > Land use > Real estate business. Real property |
Divisions: | Universiti Teknologi MARA, Johor > Segamat Campus > Faculty of Business and Management |
Keywords: | UiTM Cawangan Johor, Housing price, Malaysia |
Date: | December 2014 |
URI: | https://ir.uitm.edu.my/id/eprint/20501 |
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