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The impact of urban riverfront development on industrial property market value: a GIS application

The impact of Urban Riverfront Development (URD) affords an increasing of value for adjacent industrial properties within riverfront area. However, the impacts in terms of percentage of increment value, radius of impact coverage, distribution of industrial properties that effected by URD are difficu...

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Main Authors: Daud, Siti Zaleha, Sipan, Ibrahim, Mohd. Ali, Hishamuddin, Abd. Hamid, Nor Fatimah
Format: Article
Language:English
Published: Malaysian Institute of Planners (MIP) 2023
Subjects:
G70.212-70.215 Geographic information system
H Social Sciences (General)
Online Access:http://eprints.utm.my/106308/1/SitiZalehaDaud2023_TheImpactofUrbanRiverfrontDevelopment.pdf
http://eprints.utm.my/106308/
http://dx.doi.org/10.21837/pm.v21i27.1302
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spelling my.utm.1063082024-06-29T05:48:46Z http://eprints.utm.my/106308/ The impact of urban riverfront development on industrial property market value: a GIS application Daud, Siti Zaleha Sipan, Ibrahim Mohd. Ali, Hishamuddin Abd. Hamid, Nor Fatimah G70.212-70.215 Geographic information system H Social Sciences (General) The impact of Urban Riverfront Development (URD) affords an increasing of value for adjacent industrial properties within riverfront area. However, the impacts in terms of percentage of increment value, radius of impact coverage, distribution of industrial properties that effected by URD are difficult to be evaluated without using an appropriate tool. Hence, this study evaluates the impact of URD on industrial property market value aided by Geographic Information System (GIS). Therefore, Melaka River, Malaysia has been chosen as a case study to evaluate the impact of URD towards industrial property market value for adjacent properties within riverfront area. The result shows there is 14.13% of increment of market value for adjacent 1.5-storey factories located within 300-meter radius from URD. The result discovered that there is positive effect on increment market value for the industrial properties within URD area. Malaysian Institute of Planners (MIP) 2023-07-26 Article PeerReviewed application/pdf en http://eprints.utm.my/106308/1/SitiZalehaDaud2023_TheImpactofUrbanRiverfrontDevelopment.pdf Daud, Siti Zaleha and Sipan, Ibrahim and Mohd. Ali, Hishamuddin and Abd. Hamid, Nor Fatimah (2023) The impact of urban riverfront development on industrial property market value: a GIS application. Planning Malaysia, 21 (3). pp. 296-302. ISSN 1675-6215 http://dx.doi.org/10.21837/pm.v21i27.1302 DOI:10.21837/pm.v21i27.1302
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 G70.212-70.215 Geographic information system
H Social Sciences (General)
spellingShingle G70.212-70.215 Geographic information system
H Social Sciences (General)
Daud, Siti Zaleha
Sipan, Ibrahim
Mohd. Ali, Hishamuddin
Abd. Hamid, Nor Fatimah
The impact of urban riverfront development on industrial property market value: a GIS application
description The impact of Urban Riverfront Development (URD) affords an increasing of value for adjacent industrial properties within riverfront area. However, the impacts in terms of percentage of increment value, radius of impact coverage, distribution of industrial properties that effected by URD are difficult to be evaluated without using an appropriate tool. Hence, this study evaluates the impact of URD on industrial property market value aided by Geographic Information System (GIS). Therefore, Melaka River, Malaysia has been chosen as a case study to evaluate the impact of URD towards industrial property market value for adjacent properties within riverfront area. The result shows there is 14.13% of increment of market value for adjacent 1.5-storey factories located within 300-meter radius from URD. The result discovered that there is positive effect on increment market value for the industrial properties within URD area.
format Article
author Daud, Siti Zaleha
Sipan, Ibrahim
Mohd. Ali, Hishamuddin
Abd. Hamid, Nor Fatimah
author_facet Daud, Siti Zaleha
Sipan, Ibrahim
Mohd. Ali, Hishamuddin
Abd. Hamid, Nor Fatimah
author_sort Daud, Siti Zaleha
title The impact of urban riverfront development on industrial property market value: a GIS application
title_short The impact of urban riverfront development on industrial property market value: a GIS application
title_full The impact of urban riverfront development on industrial property market value: a GIS application
title_fullStr The impact of urban riverfront development on industrial property market value: a GIS application
title_full_unstemmed The impact of urban riverfront development on industrial property market value: a GIS application
title_sort impact of urban riverfront development on industrial property market value: a gis application
publisher Malaysian Institute of Planners (MIP)
publishDate 2023
url http://eprints.utm.my/106308/1/SitiZalehaDaud2023_TheImpactofUrbanRiverfrontDevelopment.pdf
http://eprints.utm.my/106308/
http://dx.doi.org/10.21837/pm.v21i27.1302
_version_ 1803334989551501312
score 13.211869

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