How and much odes the housing market pay for environmental amenity? A Malaysian case

Abdul Hamid Mar Iman, and Tan Yu Tian, and Suriatini Ismail, (2014) How and much odes the housing market pay for environmental amenity? A Malaysian case. Resources and Environment, 4 (1). pp. 1-12. ISSN 2163-2634

Official URL: http://article.sapub.org/10.5923.j.re.20140401.01....

Abstract

There has been no empirical evidence of the importance of environmental amenity to house price reported from a developing market. This paper fills in the gap by taking the state of Terengganu, Malaysia as a case study. Based on the stated preferences for environmental amenity among potential home-buyers and 442 sale transactions recorded between 2006 and 2010, environmental amenity elements were included in the hedonic model of house price. The empirical results were generally consistent with those obtained from respondents’ feedbacks. This paper concludes that there is evidence to show that the housing market the study area places a significant importance of environmental amenity. As an implication, environmental amenity should remain as a major factor in a sustainable housing market in Malaysia.

Item Type: Non-Indexed Article
Keywords: Environmental Amenity, Hedonic Model, House Price
Faculty: Faculty of Agro - Based Industry
Deposited By: En. Pahmi Abdullah
Date Deposited: 23 May 2017 06:33
Last Modified: 23 May 2017 06:33
URI: http://umkeprints.umk.edu.my/id/eprint/5531

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