Abstract
One of the most well-known property issues in Malaysia is property overhang. Johor Bahru is one of the states in Malaysia with the highest property overhang, along with Penang and Selangor. Several factors, such as price, location, housing loan, building, feasibility study, public facilities & amenities, and income level factor contribute to residential overhang has been determine based on a brief literature review from previous studies. This study aims to determine the factors that contributing to residential overhang in Johor Bahru and to examine the most important factors contributing to residential overhang in Johor Bahru. Then, the quantitative method of research was employed, and data were gathered through the use of judgmental sampling. In this study, an online questionnaire was distributed to practitioners in Johor Bahru who were familiar with the residential overhang issue, including Registered Valuers, Registered Estate Agents, and Housing Developers. 67 respondent has provided responses to the survey. Hence, the research data were analysed using SPSS Software and Relative Importance Index (RII) in order to reach the findings. The results indicate that the price factor, the income level factor, and the housing loan factor are the top three factors contributing to residential overhang in Johor Bahru. By identifying the factors that contribute to the residential oversupply in Johor Bahru, housing developers, the government, and future researchers will be able to take them into account for future reference and enhancement.
Metadata
Item Type: | Conference or Workshop Item (Paper) |
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Creators: | Creators Email / ID Num. Kamal, Nurul Aqilah 2021840164@student.uitm.edu.my Chuweni, Nor Nazihah norna692@uitm.edu.my |
Contributors: | Contribution Name Email / ID Num. Chief Editor Mizal Azzmi, Norazura UNSPECIFIED Chief Editor Ahzahar, Nadira UNSPECIFIED Editor Ahmad Zawawi, Zuraihana UNSPECIFIED Editor Jamaludin, Nazhatulzalkis UNSPECIFIED Editor Hashim, Siti Zubaidah UNSPECIFIED |
Subjects: | T Technology > TH Building construction > Buildings: Construction with reference to use.Including public buildings, dwellings |
Divisions: | Universiti Teknologi MARA, Perak > Seri Iskandar Campus > Faculty of Architecture, Planning and Surveying |
Journal or Publication Title: | e-Proceeding 6th Undergraduate Seminar on Built Environment and Technology (USBET) 2023 |
Page Range: | pp. 1441-1453 |
Keywords: | Property overhang, oversupply, residential |
Date: | October 2023 |
URI: | https://ir.uitm.edu.my/id/eprint/99678 |