Feasibility study on economical site selection of sustainable property investment in case study (Kangar and Arau) / Nur Hazwani Kasban

Potential suitable location is compulsory for property investment especially on surrounding facilities provided. The aim of this study is to identify the potential areas using revised parameter for suitable location of property investment in Kangar and Arau. To achieve the aim, the objectives of this study are: i) to determine suitable set of the property valuation parameters based on public perception and ii) to determine potential area for investment based on set of property valuation parameters. Several property parameter from previous study such as distance to schools, available services, government building, public defence, place of interest, health and social care, and accessibility will be verified while the other new parameters such as distance to commercial area, housing area and industrial area will be tested to identify the suitable location for investment. Questionnaire survey and Analytical Hierarchical Process (AHP) technique will be used to support the analysis. The AHP was applied to determine the weighting of the chosen parameters. By using the weightage parameter, a map of the potential location that for property investment was created. Then, comparison of area and location for property valuation between literature review and revised parameters has been done. There are five different maps which represents each set of the parameters group. This study also shows how the parameters chosen can affect the valuation of property investment. This study's contribution is to create a better decision-making process that supports the Geographic Information System (GIS) environment. GIS based Multi Parameter Decision Making (MCDA) techniques is very useful for planners and decision-makers to properly guide for a new development.