No abstract

Purpose -The purpose of this paper is to identify the important property specific criteria for office occupation decision making by tenants of purpose built office buildings in Kuala Lumpur, Malaysia. It attempts to provide more definitive information on office space occupation to prospective property marketers, managers, owners and investors. Design/methodology/approach -A questionnaire survey was conducted to identify the important criteria which were earlier selected by expert panels. The outcome was then analysed through the principal component analysis and importance factor index adopted from an earlier study. The findings from the survey can then be used to examine the relative importance of the identified criteria through the use of a multi criteria decision making (MCDM) technique. Findings -Four main criteria could be identified under the property specific criteria. Six of the "building features, services and management" attributes have higher rankings than the attributes under the "financial" considerations, mainly rent. the high rank attributes under the main criteria of "location" relate to the prestige and accessibility of the building while the high rank criteria under the main "lease" criteria relate to the monetary considerations of the lease arrangement. The high rank criteria under the main criteria of "building features, services and management" relate to the management and building services rather than the design/space provision. Research limitations/implications -The study area is confined to Kuala Lumpur city centre commercial area and covers prime office buildings. Originality/value -Office occupation studies have been established in developed countries but are very limited in Malaysia. This study attempts to relate to the current office market developments and to seek the preferences of the various categories of tenants at a later stage.

Purpose – The concept of sustainability has become increasingly essential to property development, especially in recent years. The purpose of this paper is to assess the level of sustainability practices among listed property companies in Malaysia. Design/methodology/approach – Using content analysis, company websites and annual reports, the level of sustainable practices among property companies in Malaysia will be examined and assessed. The paper will also rigorously assess the sustainability strategies employed by using an attributes scorecard, which takes into account several attributes concerning sustainability issues. Findings – The findings have showed sustainable property development concept among listed property companies can be categorised as low level, although this is increasing. Originality/value – Given the increasing significance of sustainability issues – especially in property development – this paper provides a more informed investment decision strategies regarding the implementation of the sustainability concept in property portfolio; a consideration that has increasingly come into focus amongst international property actors.

In order to mitigate the anticipated oversupply of office space, it is necessary to gauge the preference of office occupiers, namely tenants of purpose built office buildings, since these tenants form the indicator of demand for space. In this study, a multi-criteria decision making method (MCDM) – the Analytic Hierarchy Process (AHP) procedure was employed to analyse the relative importance of the main factors chosen by the main sectors of tenants at top grade office buildings in Kuala Lumpur city centre. This study had identified the elicitation of experts’ opinion and tenants’ selection comprises twenty-six important factors for office occupation in Kuala Lumpur city centre, grouped under four main categories: Location, Lease, Building and Financial/Cost. This study then employed AHP to assess the relative importance placed on each category, revealing the varying patterns of preferences when tested on tenants from three main business sectors occupying top grade office buildings. The findings showed that, between the three sectors (Finance/Banking, ICT & Media and Oil & Gas), differences in preference were only slight for most factors but were significant for a few. The findings from this study are insightful in informing decisions on future office provision, particularly in the context of working towards satisfying office tenants’ requirements.

Sabah is one of the states in Malaysia has shown remarkable growth in housing industry where its housing sector has thrived owing to growing market and active supply and demand dynamics. However, the rapid increase in housing price has created greater concern among the researchers about the sustainability of the housing sector in this country. The aspect of sustainability has seem been neglected by the industry players. Consequently, it will give impact to the environment which contrasts with the aim of the built environment to create sustainable development. This is because affordable housing is always being associated with cheap and low-quality houses. This research is aim to assess the best area in the state of Sabah to build sustainable affordable housing scheme. The results indicate that area with high utility degree is the best area that conforms to the sustainable housing affordability factors. Likewise, an area with a lower ranking in utility degree can be described as a worst-performing area. The originality of this research has contributed to a real picture of sustainable housing affordability in Malaysia, particularly the state of Sabah.