Factors contributing to housing provision in Surabaya: perspectives from real estate developers / Yosafat Raka Narendra and Prananda Navitas

Raka Narendra, Yosafat and Navitas, Prananda (2022) Factors contributing to housing provision in Surabaya: perspectives from real estate developers / Yosafat Raka Narendra and Prananda Navitas. Malaysian Journal of Sustainable Environment (MySE), 9 (3). pp. 181-203. ISSN 0128-326X

Abstract

Housing is a basic need that impacts the well-being of its inhabitants, and housing provision is key to ensuring equal access to housing. To be successful in the long term, housing provision must meet people’s needs and preferences. Surabaya is the second-largest city in Indonesia and has a significant demand for housing. This article presents a part of a larger study analysing housing choice and housing preference compatibility among Millennials in Surabaya. This paper specifically aims to assess factors influencing homebuying decisions prioritised by property practitioners in Surabaya using the Analytic Hierarchy Process. Findings from this research are vital to increasing our understanding of real estate developers’ priority in housing provision. Analysis reveals that location is the primary consideration for developers when engaging in real estate development activities in Surabaya. Locations near the CBD and shopping facilities are highly desirable. Before carrying out development activities, developers consider the following key variables: distance and accessibility to the central business district, shopping amenities, healthcare, and educational facilities. Other factors considered are property title and infrastructure, and amenities. Therefore, a key policy priority should be to plan for ensuring land availability for real estate development near activity centres.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Raka Narendra, Yosafat
yos.narendra@gmail.com
Navitas, Prananda
prananda@urplan.its.ac.id
Subjects: N Fine Arts > NA Architecture
N Fine Arts > NA Architecture > Architecture, Domestic
N Fine Arts > NA Architecture > Aesthetics of cities. City planning and beautifying
N Fine Arts > NA Architecture > City planning. Regional planning
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: 9
Number: 3
Page Range: pp. 181-203
Keywords: Housing choice; Housing provision; Real estate development
Date: June 2022
URI: https://ir.uitm.edu.my/id/eprint/65479
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