Does Accessibility to the Central Business District (CBD) Have an Impact on High-Rise Condominium Price Gradient in Kuala Lumpur, Malaysia?

Dziauddin, Mohd Faris; Misran, Mustika

doi:10.1051/shsconf/20162302004

Cited by 6 publications

(5 citation statements)

References 50 publications

(51 reference statements)

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“…Furthermore, homebuyers tend to live closer to the city centre for improved infrastructure and better accessibility, and most of them are willing to invest more in purchasing houses located in the city centre. Based on a study by Dziauddin and Misran (2016), the travel time from the location of the condominium to central business district has an impact on the prices of the condominiums. This notion is further substantiated by Poudyal et al (2009) where it was discovered that the contributing factors influencing house prices include the proximity to shopping centres, workplaces, entertainment, etc.…”

Section: Literature Reviewmentioning

confidence: 99%

Examining key macroeconomic determinants of serviced apartments price index: the case of Kuala Lumpur, Malaysia

Cheng

Ling

2023

IJHMA

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Purpose Increasing overhang of serviced apartments poses a serious concern to the national property market. This study aims to examine the impacts of macroeconomic determinants, namely, gross domestic product (GDP), consumer confidence index (CF), existing stocks (ES), incoming supply (IS) and completed project (CP) on serviced apartment price changes. Design/methodology/approach To achieve more accurate, quality price changes, a serviced apartment price index (SAPI) was constructed through a self-developed hedonic price index model. This study has collected 1,567 transaction data in Kuala Lumpur, covering 2009Q1–2018Q4 for price index construction and data were analysed using the vector autoregressive model, the vector error correction model and the fully modified ordinary least squares (OLS) (FMOLS). Findings Results of the regression model show that only GDP, ES and IS were significantly associated with SAPI, with an R2 of 0.7, where both ES and IS have inverse relationships with SAPI. More precisely, it is predicted that the price of serviced apartments will be reduced by 0.56% and 0.21% for every 1% increase in ES and IS, respectively. Practical implications Therefore, government monitoring of serviced apartments’ future supply is crucial by enforcing land use-planning regulations via stricter development approval of serviced apartments to safeguard and achieve more stable property prices. Originality/value By adopting an innovative approach to estimating the response of price change to supply and demand in a situation where there is no price indicator for serviced apartments, the study addresses the knowledge gap, especially in terms of understanding what are the key determinants of, and to what extent they influence, the SAPI.

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Section: Literature Reviewmentioning

confidence: 99%

Examining key macroeconomic determinants of serviced apartments price index: the case of Kuala Lumpur, Malaysia

Cheng

Ling

2023

IJHMA

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“…The distance of a residential property to the urban center's Central Business District (CBD) could influence its demand and thus affect UNHS. CBD is one of the kernel of the city characterized by more and better resources of floating population, finance, technology, infrastructure and education when compared to other locations in the Country (Dziauddin & Misran, 2016;Jia, Rong, Gu, & Xie, 2020). The net population declines with the location moves away from the CBD and there is a drop in demand for housing as the distance from CBD rise (McDonald, 2020).…”

Section: Empirical Reviewmentioning

confidence: 99%

Influence of Location on Unsold New Houses by Members of Kenya Property Developers’ Association in Nairobi County

Karimi,

Kirera,

Njuguna

2023

TUJ

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This study investigated the influence of location on unsold new houses held by members of the Kenya Property Developers Association (KPDA). Positivism philosophy and descriptive correlational research design were adopted in this study. The study population consisted of 4,085 unsold new houses held by members of KPDA. A sample size of 364 units was drawn using a multistage random sampling technique. The units of observation in this study were the property managers, where a self-administered questionnaire was used to collect data. Analysis of the collected data was done through descriptive statistics that comprised relative frequency distributions, means, and standard deviations. The study also applied inferential statistics, which included ordinal logistic regression and one-way ANOVA. The study findings from the generalized ordinal logistic regression revealed that the location of the unsold new house explains 13.9% of the duration that the house remained unsold (r2 = .139). The results further showed that the distance of the unsold new houses to the nearest markets or shopping mall (β = 0.534, P < 0.05), distance to the nearest bus station (β = 0.507, P < 0.05), and distance to the Nairobi central business district (CBD) (β = 0.219, P < 0.05) were significant predictors of the duration that the house remained unsold. Thus, the study concluded that the location of the unsold new house significantly influences the duration the house remained unsold. Therefore, the study recommends that property developers should develop houses that are close to the Nairobi CBD, shopping malls/markets, and bus stations.

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“…Kawasan perkotaan memiliki hierarki pelayanan untuk mendukung kegiatan sosial dan ekonomi, hirarki tersebut yaitu pusat kota, subpusat kota dan pusat lingkungan yang tersusun dalam rencana struktur ruang kota. Pusat kota adalah suatu tempat pada suatu kota yang memiliki peran sebagai pusat dari segala kegiatan kota seperti aktivitas perdagangan dan jasa, permukiman dan hiburan (Dziauddin & Misran, 2016). Peran tersebut dijalankan melalui penyediaan sarana prasarana baik fasilitas umum maupun sosial serta penyediaan aksesibilitas yang tinggi untuk menjangkau tempattempat tersebut (Yunus, 2004).…”

Section: Pendahuluanunclassified

IMPLIKASI PERILAKU PERJALANAN PELAJAR PENGGUNA SEPEDA MOTOR TERHADAP KESELAMATAN BERLALU LINTAS (Studi Kasus: Pelajar Sekolah Menengah Atas di Pusat Kota Semarang)

Anas

Manullang

2017

JPK

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Movement in Semarang City has dependence on motorcycle, evidenced by the domination of motorcycle that reach 79%. It causes the highest percentage of accident rates by motorcycle users, reaching 66% of 5,378 incidents and 18.4% of them are high school students. Based on that problem, conducted research that aims to understand travel behavior of high school students motorcycle users in Semarang Central City and understand how dependence on motorcycles and safety riding awareness on the student. This research is use mix approach research to combine quantitative and qualitative method. The method of data analysis used in this study are descriptive statistics, network analysis and phenomenology analysis. The results show that social demographic aspects as measured by student participation in additional activities after school affect the student's travel behavior. Schedule and location of activities after school will form student travel pattern and then shaping the student travel behavior. It causes the motorcycle become the main mode of student travel. Besides travel behaviour, motorcycle dependence is caused by accumulation negligence by various parties. Such negligence is the provision of school parking following the demand growth, lack of integration of public transportation modes, and the permission of students to use motorcycles without driver license. Unfortunately, motorcycle dependence has not been accompanied by safety riding, it is evidenced by the percentage of causes of the highest accidents caused by driver factor, which reached 96%. 98% of students had committed traffic violations and 96% of them were deliberate. This is happened because students feel tired due to increased hours of activity from full day school system and additional activities after school so that students become unaware and not obey. These problems cause both well-informed and uninformed students ignore smart riding method.

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Does Accessibility to the Central Business District (CBD) Have an Impact on High-Rise Condominium Price Gradient in Kuala Lumpur, Malaysia?

Cited by 6 publications

References 50 publications

Examining key macroeconomic determinants of serviced apartments price index: the case of Kuala Lumpur, Malaysia

Examining key macroeconomic determinants of serviced apartments price index: the case of Kuala Lumpur, Malaysia

Influence of Location on Unsold New Houses by Members of Kenya Property Developers’ Association in Nairobi County

IMPLIKASI PERILAKU PERJALANAN PELAJAR PENGGUNA SEPEDA MOTOR TERHADAP KESELAMATAN BERLALU LINTAS (Studi Kasus: Pelajar Sekolah Menengah Atas di Pusat Kota Semarang)

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