The impact of neighborhood types on the prices of residential properties
This paper attempts to examine the impact of neighborhood types on residential property prices in the Klang Valley, Malaysia. Results show that the gated-guarded landscape compound neighborhood could attract higher market prices by 14.26%, and the freehold neighborhood could fetch a 20.68% higher pr...
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| Format: | Article |
| Language: | en |
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Sunway University College
2010
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| Online Access: | http://eprints.sunway.edu.my/87/1/Tan_Walter_-_final_edit_16_1_2011.pdf http://eprints.sunway.edu.my/87/ |
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| _version_ | 1831341257828335616 |
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| author | Tan, Teck-Hong * |
| author_facet | Tan, Teck-Hong * |
| author_sort | Tan, Teck-Hong * |
| building | Sunway Campus Library |
| collection | Institutional Repository |
| content_provider | Sunway University |
| content_source | Sunway Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | This paper attempts to examine the impact of neighborhood types on residential property prices in the Klang Valley, Malaysia. Results show that the gated-guarded landscape compound neighborhood could attract higher market prices by 14.26%, and the freehold neighborhood could fetch a 20.68% higher price than the leasehold neighborhood. It is interesting to note that house buyers are willing to pay 23.52% to live in the gated-guarded and freehold neighborhoods. In order to meet the increasingly demanding house buyers, instead of just offering dram houses in prime locations, housing developers should provide intangible benefits in the neighborhood that are just as sought after by today?s house buyers, such as a sense of security, a feeling of harmony with one?s surroundings, and an infrastructure which supports a eco-friendly lifestyle. |
| format | Article |
| id | my.sunway.eprints.87 |
| institution | Sunway University |
| language | en |
| publishDate | 2010 |
| publisher | Sunway University College |
| record_format | eprints |
| spelling | my.sunway.eprints.872019-03-14T02:15:49Z http://eprints.sunway.edu.my/87/ The impact of neighborhood types on the prices of residential properties Tan, Teck-Hong * HC Economic History and Conditions HD28 Management. Industrial Management This paper attempts to examine the impact of neighborhood types on residential property prices in the Klang Valley, Malaysia. Results show that the gated-guarded landscape compound neighborhood could attract higher market prices by 14.26%, and the freehold neighborhood could fetch a 20.68% higher price than the leasehold neighborhood. It is interesting to note that house buyers are willing to pay 23.52% to live in the gated-guarded and freehold neighborhoods. In order to meet the increasingly demanding house buyers, instead of just offering dram houses in prime locations, housing developers should provide intangible benefits in the neighborhood that are just as sought after by today?s house buyers, such as a sense of security, a feeling of harmony with one?s surroundings, and an infrastructure which supports a eco-friendly lifestyle. Sunway University College 2010 Article PeerReviewed text en http://eprints.sunway.edu.my/87/1/Tan_Walter_-_final_edit_16_1_2011.pdf Tan, Teck-Hong * (2010) The impact of neighborhood types on the prices of residential properties. Sunway Academic Journal, 7. pp. 77-88. |
| spellingShingle | HC Economic History and Conditions HD28 Management. Industrial Management Tan, Teck-Hong * The impact of neighborhood types on the prices of residential properties |
| title | The impact of neighborhood types on the prices of residential properties |
| title_full | The impact of neighborhood types on the prices of residential properties |
| title_fullStr | The impact of neighborhood types on the prices of residential properties |
| title_full_unstemmed | The impact of neighborhood types on the prices of residential properties |
| title_short | The impact of neighborhood types on the prices of residential properties |
| title_sort | impact of neighborhood types on the prices of residential properties |
| topic | HC Economic History and Conditions HD28 Management. Industrial Management |
| url | http://eprints.sunway.edu.my/87/1/Tan_Walter_-_final_edit_16_1_2011.pdf http://eprints.sunway.edu.my/87/ |
| url_provider | http://eprints.sunway.edu.my/ |