A study on the impact of abandoned projects towards surrounding market value in Klang, Selangor / Khairah Syafiqah Samsudin

The abandoned projects remain a serious problem in the Malaysia's real estate sector. This is due to the fact that the rate of abandoned project is always increasing in every developing country that frequently undertakes a large amount of property development in order to reach the status of a modern and advanced country. Abandoned projects will be one of the primary causes of land waste which it gives a negative impact on the country's socio-economic and environmental. There are socio-economic impacts such as job loss, area loss, population separation, and cost transfer between the public and private sectors, as well as the effects on the environment including visual effects, landscaping, erosion, loss of biodiversity. and pollution. Furthermore, scholars have long claimed that abandoned projects contribute to neighborhood deterioration by decreasing property values and increasing crime rates.