Ja’afar, Nur Shahirah and Mohamad, Junainah
(2020)
An assessment of heritage property values using multiple regression analysis : Georgetown, Penang Island Malaysia / Nur Shahirah Ja’afar and Junainah Mohamad.
Malaysian Journal of Sustainable Environment (MySE), 7 (2).
pp. 39-64.
ISSN 0128-326X
Official URL: http://www.myse.my/
Abstract
The aim of this paper was to estimate the value of heritage property using multiple regression analysis. The original dataset consists of 311 Pre-war Shophouses transacted from 2004 to 2018 in Northern-Eastern of Penang Island, Malaysia. After filtration process, only 248 units of Pre-war Shophouses heritage property were available and valid to be used. Three functional forms such as linear, semi-log and log-log have been constructed and their statistical performances have been compared. The results indicate that log-log functional form performed better than the other functional forms in predicting the price of heritage property.
Metadata
| Item Type: | Article |
|---|---|
| Creators: | Creators Email / ID Num. Ja’afar, Nur Shahirah sirashahirah@gmail.com Mohamad, Junainah mjunainah@uitm.edu.my |
| Subjects: | N Fine Arts > NA Architecture > Historic buildings N Fine Arts > NA Architecture > Historic buildings > Malaysia |
| Divisions: | Universiti Teknologi MARA, Perak > Seri Iskandar Campus > Faculty of Architecture, Planning and Surveying |
| Journal or Publication Title: | Malaysian Journal of Sustainable Environment (MySE) |
| UiTM Journal Collections: | UiTM Journal > Malaysian Journal of Sustainable Environment (MySE) |
| ISSN: | 0128-326X |
| Volume: | 7 |
| Number: | 2 |
| Page Range: | pp. 39-64 |
| Keywords: | Heritage Property; Multiple Regression Analysis; Linear Regression; Price Prediction |
| Date: | December 2020 |
| URI: | https://ir.uitm.edu.my/id/eprint/55022 |
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