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A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia

Presently, it is noticeable that there is a significant influence of public open space about house price, especially in many developed nations. Literature suggests the relationship between the two aspects give impact on the housing market, however not many studies undertaken in Malaysia. Thus, this...

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Main Authors: Asmawi, M. Zainora, Hj. Mohd. Noor, Norzailawati, Paiman, Tuminah
Format: Conference or Workshop Item
Language:English
English
English
Published: International Society for Photogrammetry and Remote Sensing 2016
Subjects:
T10.5 Communication of technical information
Online Access:http://irep.iium.edu.my/52220/1/isprs-archives-XLI-B8-829-2016.pdf
http://irep.iium.edu.my/52220/9/52220_spatial%20analysis_scopus.pdf
http://irep.iium.edu.my/52220/14/board%20ISPRS%20zainora%20et%20al..pdf
http://irep.iium.edu.my/52220/
http://www.int-arch-photogramm-remote-sens-spatial-inf-sci.net/XLI-B8/829/2016/isprs-archives-XLI-B8-829-2016.pdf
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spelling my.iium.irep.522202021-05-25T05:20:44Z http://irep.iium.edu.my/52220/ A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia Asmawi, M. Zainora Hj. Mohd. Noor, Norzailawati Paiman, Tuminah T10.5 Communication of technical information Presently, it is noticeable that there is a significant influence of public open space about house price, especially in many developed nations. Literature suggests the relationship between the two aspects give impact on the housing market, however not many studies undertaken in Malaysia. Thus, this research was initiated to analyse the relationship of open space and house price via the techniques of GIS-Hedonic Pricing Model. In this regards, the GIS tool indicates the pattern of the relationship between open space and house price spatially. Meanwhile, Hedonic Pricing Model demonstrates the index of the selected criteria in determining the housing price. This research is a perceptual study of 200 respondents who were the house owners of double-storey terrace houses in four townships, namely Bandar Baru Bangi, Taman Melawati, Subang Jaya and Shah Alam, in Klang Valley. The key research question is whether the relationship between open space and house price exists and the nature of its pattern and intensity. The findings indicate that there is a positive correlation between open space and house price. Correlation analysis reveals that a weak relationship (rs < 0.1) established between the variable of open space and house price (rs = 0.91, N = 200, p = 0.2). Consequently, the rate of house price change is rather small. In overall, this research has achieved its research aims and thus, offers the value added in applying the GIS-Hedonic pricing model in analysing the influence of open space to the house price in the form of spatially and textually International Society for Photogrammetry and Remote Sensing 2016-06-23 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/52220/1/isprs-archives-XLI-B8-829-2016.pdf application/pdf en http://irep.iium.edu.my/52220/9/52220_spatial%20analysis_scopus.pdf application/pdf en http://irep.iium.edu.my/52220/14/board%20ISPRS%20zainora%20et%20al..pdf Asmawi, M. Zainora and Hj. Mohd. Noor, Norzailawati and Paiman, Tuminah (2016) A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia. In: 23rd International Archives of the Photogrammetry, Remote Sensing and Spatial Information Sciences Congress, ISPRS 2016, 12-19 jul 2016, Praque. http://www.int-arch-photogramm-remote-sens-spatial-inf-sci.net/XLI-B8/829/2016/isprs-archives-XLI-B8-829-2016.pdf doi:10.5194/isprsarchives-XLI-B8-829-2016
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
English
topic T10.5 Communication of technical information
spellingShingle T10.5 Communication of technical information
Asmawi, M. Zainora
Hj. Mohd. Noor, Norzailawati
Paiman, Tuminah
A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
description Presently, it is noticeable that there is a significant influence of public open space about house price, especially in many developed nations. Literature suggests the relationship between the two aspects give impact on the housing market, however not many studies undertaken in Malaysia. Thus, this research was initiated to analyse the relationship of open space and house price via the techniques of GIS-Hedonic Pricing Model. In this regards, the GIS tool indicates the pattern of the relationship between open space and house price spatially. Meanwhile, Hedonic Pricing Model demonstrates the index of the selected criteria in determining the housing price. This research is a perceptual study of 200 respondents who were the house owners of double-storey terrace houses in four townships, namely Bandar Baru Bangi, Taman Melawati, Subang Jaya and Shah Alam, in Klang Valley. The key research question is whether the relationship between open space and house price exists and the nature of its pattern and intensity. The findings indicate that there is a positive correlation between open space and house price. Correlation analysis reveals that a weak relationship (rs < 0.1) established between the variable of open space and house price (rs = 0.91, N = 200, p = 0.2). Consequently, the rate of house price change is rather small. In overall, this research has achieved its research aims and thus, offers the value added in applying the GIS-Hedonic pricing model in analysing the influence of open space to the house price in the form of spatially and textually
format Conference or Workshop Item
author Asmawi, M. Zainora
Hj. Mohd. Noor, Norzailawati
Paiman, Tuminah
author_facet Asmawi, M. Zainora
Hj. Mohd. Noor, Norzailawati
Paiman, Tuminah
author_sort Asmawi, M. Zainora
title A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
title_short A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
title_full A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
title_fullStr A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
title_full_unstemmed A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
title_sort spatial analysis on gis-hedonic pricing model on the influence of public open space and house price in klang valley, malaysia
publisher International Society for Photogrammetry and Remote Sensing
publishDate 2016
url http://irep.iium.edu.my/52220/1/isprs-archives-XLI-B8-829-2016.pdf
http://irep.iium.edu.my/52220/9/52220_spatial%20analysis_scopus.pdf
http://irep.iium.edu.my/52220/14/board%20ISPRS%20zainora%20et%20al..pdf
http://irep.iium.edu.my/52220/
http://www.int-arch-photogramm-remote-sens-spatial-inf-sci.net/XLI-B8/829/2016/isprs-archives-XLI-B8-829-2016.pdf
_version_ 1701162744989876224
score 13.211869

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