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The impact of park on residential property values case study: Bukit Jelutong residential area / Farahwaheeda Shukur

Parks and landscapes have now become a prominent feature in the planning of residential areas. The preservation of parks and other open spaces are now considered vital to attract house buyers. It is widely known that parks provide tremendous benefits to mankind and the surrounding environment. Howev...

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Main Author: Shukur, Farahwaheeda
Format: Thesis
Language:English
Published: 2010
Subjects:
Architecture and recreation
Aesthetics of cities. City planning and beautifying
Malaysia
Online Access:https://ir.uitm.edu.my/id/eprint/99250/1/99250.pdf
https://ir.uitm.edu.my/id/eprint/99250/
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spelling my.uitm.ir.992502024-12-17T03:29:45Z https://ir.uitm.edu.my/id/eprint/99250/ The impact of park on residential property values case study: Bukit Jelutong residential area / Farahwaheeda Shukur Shukur, Farahwaheeda Architecture and recreation Aesthetics of cities. City planning and beautifying Malaysia Parks and landscapes have now become a prominent feature in the planning of residential areas. The preservation of parks and other open spaces are now considered vital to attract house buyers. It is widely known that parks provide tremendous benefits to mankind and the surrounding environment. However when it comes to the property industry, parks are not given sufficient emphasis in residential development projects, let alone in its role in increasing the value of the residential properties. Thus, this study attempts to establish the park-related factors that impact the property values of houses located in the same neighbourhood. The study is designed to achieve three main objectives which are to investigate park and non-park related factors that affect value of houses, to analyze park and non-park related factors from the house buyers’ perspectives and to analyze the impacts of park related factors on value of houses. This research employs a multi-method approach which includes conducting interviews with the developer, utilising the application of a Geographic Information Systems (GIS) technique, distributing questionnaires to the 448 house buyers and optimising the usage of the Multiple Regression Hedonic Pricing Model. The survey results revealed that the five most important park related factors to house buyers are good park elements, conceptual or design of park, nearness to park, existence of view to the park and active area of park facing house. The findings also depict that for non-park related factors, locational topography and built-up area were also identified as being important criteria in the purchase of houses. For elements of park, shade trees, lightings and butterflies are highly preferred by house buyers. The Multiple Regression Hedonic Pricing Model revealed that the most influential factors on the value of house and significant variables are nearness to park, existence of view to the park, active area of park facing house and the existence of view to open space. The overall results depict that the five most important park related factors from the survey result are not parallel to the identified variables ranked in the Multiple Regression Hedonic Pricing Model thus displaying minimal differences. 2010 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/99250/1/99250.pdf The impact of park on residential property values case study: Bukit Jelutong residential area / Farahwaheeda Shukur. (2010) Masters thesis, thesis, Universiti Teknologi MARA (UiTM). <http://terminalib.uitm.edu.my/99250.pdf>
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Architecture and recreation
Aesthetics of cities. City planning and beautifying
Malaysia
spellingShingle Architecture and recreation
Aesthetics of cities. City planning and beautifying
Malaysia
Shukur, Farahwaheeda
The impact of park on residential property values case study: Bukit Jelutong residential area / Farahwaheeda Shukur
description Parks and landscapes have now become a prominent feature in the planning of residential areas. The preservation of parks and other open spaces are now considered vital to attract house buyers. It is widely known that parks provide tremendous benefits to mankind and the surrounding environment. However when it comes to the property industry, parks are not given sufficient emphasis in residential development projects, let alone in its role in increasing the value of the residential properties. Thus, this study attempts to establish the park-related factors that impact the property values of houses located in the same neighbourhood. The study is designed to achieve three main objectives which are to investigate park and non-park related factors that affect value of houses, to analyze park and non-park related factors from the house buyers’ perspectives and to analyze the impacts of park related factors on value of houses. This research employs a multi-method approach which includes conducting interviews with the developer, utilising the application of a Geographic Information Systems (GIS) technique, distributing questionnaires to the 448 house buyers and optimising the usage of the Multiple Regression Hedonic Pricing Model. The survey results revealed that the five most important park related factors to house buyers are good park elements, conceptual or design of park, nearness to park, existence of view to the park and active area of park facing house. The findings also depict that for non-park related factors, locational topography and built-up area were also identified as being important criteria in the purchase of houses. For elements of park, shade trees, lightings and butterflies are highly preferred by house buyers. The Multiple Regression Hedonic Pricing Model revealed that the most influential factors on the value of house and significant variables are nearness to park, existence of view to the park, active area of park facing house and the existence of view to open space. The overall results depict that the five most important park related factors from the survey result are not parallel to the identified variables ranked in the Multiple Regression Hedonic Pricing Model thus displaying minimal differences.
format Thesis
author Shukur, Farahwaheeda
author_facet Shukur, Farahwaheeda
author_sort Shukur, Farahwaheeda
title The impact of park on residential property values case study: Bukit Jelutong residential area / Farahwaheeda Shukur
title_short The impact of park on residential property values case study: Bukit Jelutong residential area / Farahwaheeda Shukur
title_full The impact of park on residential property values case study: Bukit Jelutong residential area / Farahwaheeda Shukur
title_fullStr The impact of park on residential property values case study: Bukit Jelutong residential area / Farahwaheeda Shukur
title_full_unstemmed The impact of park on residential property values case study: Bukit Jelutong residential area / Farahwaheeda Shukur
title_sort impact of park on residential property values case study: bukit jelutong residential area / farahwaheeda shukur
publishDate 2010
url https://ir.uitm.edu.my/id/eprint/99250/1/99250.pdf
https://ir.uitm.edu.my/id/eprint/99250/
_version_ 1818838314490265600
score 13.223943

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