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A coastal erosion derivation formula for valuing the coastal land values in Malaysia

The coastal area hosts significant economic activity with some of the highest property values, which the government and private investors aim to maintain and secure their interests. Yet, this area presented a growing risk to coastal properties' value because the land and structural attributes a...

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Main Authors: Abdul Hamid, Hamdi, Darwin, Norhadija, Mohsen, Masfaliza, Md. Yunus, Norhidayah, Ismail, Azizah, Mohd. Ariff, Mohd. Farid, Majid, Zulkepli
Format: Article
Language:English
Published: Malaysian Institute of Planners (MIP) 2023
Subjects:
HD Industries. Land use. Labor
Online Access:http://eprints.utm.my/106296/1/HamdiAbdulHamid2023_ACoastalErosionDerivationFormula.pdf
http://eprints.utm.my/106296/
http://dx.doi.org/10.21837/pm.v21i27.1292
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spelling my.utm.1062962024-06-29T05:33:37Z http://eprints.utm.my/106296/ A coastal erosion derivation formula for valuing the coastal land values in Malaysia Abdul Hamid, Hamdi Darwin, Norhadija Mohsen, Masfaliza Md. Yunus, Norhidayah Ismail, Azizah Mohd. Ariff, Mohd. Farid Majid, Zulkepli HD Industries. Land use. Labor The coastal area hosts significant economic activity with some of the highest property values, which the government and private investors aim to maintain and secure their interests. Yet, this area presented a growing risk to coastal properties' value because the land and structural attributes are vulnerable to erosion. Few empirical studies have included erosion rate besides the land attribute and reclamation in analysing its impact on the value of coastal land, especially in Malaysia. Hence, this study aims to derive a coastal erosion formula for valuing the coastal land values in Malaysia. Taman Alai Perdana (Crystal Bay), Melaka, was selected as a case study area for investigating formula derivation. Based on the formula derivation, the findings have determined that significant property values were affected by erosion in the study area. Using property One (1) in Crystal Bay Alai, Melaka, as an example, with a land area of 632m2, it was valued at RM163286.26 or RM236.81/m2 before formula application. Then, by applying the formula for the same property, considering the identified area erosion rate of -1.41m required a reclamation width of 2.5m to rectify the erosion. Therefore, a value of RM163,286.26 with a difference of RM13,625.00 was determined. Hence, the study has determined reclamation and erosion rate should be included in the coastal land valuation. Malaysian Institute of Planners (MIP) 2023-07-26 Article PeerReviewed application/pdf en http://eprints.utm.my/106296/1/HamdiAbdulHamid2023_ACoastalErosionDerivationFormula.pdf Abdul Hamid, Hamdi and Darwin, Norhadija and Mohsen, Masfaliza and Md. Yunus, Norhidayah and Ismail, Azizah and Mohd. Ariff, Mohd. Farid and Majid, Zulkepli (2023) A coastal erosion derivation formula for valuing the coastal land values in Malaysia. Planning Malaysia, 21 (3). pp. 171-182. ISSN 1675-6215 http://dx.doi.org/10.21837/pm.v21i27.1292 DOI:10.21837/pm.v21i27.1292
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
language English
topic HD Industries. Land use. Labor
spellingShingle HD Industries. Land use. Labor
Abdul Hamid, Hamdi
Darwin, Norhadija
Mohsen, Masfaliza
Md. Yunus, Norhidayah
Ismail, Azizah
Mohd. Ariff, Mohd. Farid
Majid, Zulkepli
A coastal erosion derivation formula for valuing the coastal land values in Malaysia
description The coastal area hosts significant economic activity with some of the highest property values, which the government and private investors aim to maintain and secure their interests. Yet, this area presented a growing risk to coastal properties' value because the land and structural attributes are vulnerable to erosion. Few empirical studies have included erosion rate besides the land attribute and reclamation in analysing its impact on the value of coastal land, especially in Malaysia. Hence, this study aims to derive a coastal erosion formula for valuing the coastal land values in Malaysia. Taman Alai Perdana (Crystal Bay), Melaka, was selected as a case study area for investigating formula derivation. Based on the formula derivation, the findings have determined that significant property values were affected by erosion in the study area. Using property One (1) in Crystal Bay Alai, Melaka, as an example, with a land area of 632m2, it was valued at RM163286.26 or RM236.81/m2 before formula application. Then, by applying the formula for the same property, considering the identified area erosion rate of -1.41m required a reclamation width of 2.5m to rectify the erosion. Therefore, a value of RM163,286.26 with a difference of RM13,625.00 was determined. Hence, the study has determined reclamation and erosion rate should be included in the coastal land valuation.
format Article
author Abdul Hamid, Hamdi
Darwin, Norhadija
Mohsen, Masfaliza
Md. Yunus, Norhidayah
Ismail, Azizah
Mohd. Ariff, Mohd. Farid
Majid, Zulkepli
author_facet Abdul Hamid, Hamdi
Darwin, Norhadija
Mohsen, Masfaliza
Md. Yunus, Norhidayah
Ismail, Azizah
Mohd. Ariff, Mohd. Farid
Majid, Zulkepli
author_sort Abdul Hamid, Hamdi
title A coastal erosion derivation formula for valuing the coastal land values in Malaysia
title_short A coastal erosion derivation formula for valuing the coastal land values in Malaysia
title_full A coastal erosion derivation formula for valuing the coastal land values in Malaysia
title_fullStr A coastal erosion derivation formula for valuing the coastal land values in Malaysia
title_full_unstemmed A coastal erosion derivation formula for valuing the coastal land values in Malaysia
title_sort coastal erosion derivation formula for valuing the coastal land values in malaysia
publisher Malaysian Institute of Planners (MIP)
publishDate 2023
url http://eprints.utm.my/106296/1/HamdiAbdulHamid2023_ACoastalErosionDerivationFormula.pdf
http://eprints.utm.my/106296/
http://dx.doi.org/10.21837/pm.v21i27.1292
_version_ 1803334987819253760
score 13.211869

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