Modelling Property Overhang Using Stigmatised Property Dimensions

Abstract

Property stigma refers to some characteristics, features, social values, or an event relating to land and buildings that can create a negative perception of a building, land, project, or neighbourhood area. Property stigma was identified as a significant factor contributing to the number of overhang residential units in Malaysia. This paper aims to develop a PLS-SEM model using stigmatized property dimensions on Clio2 Residence, an overhang strata residential scheme in Putrajaya. External and internal stigmas are significant factors causing unsold property units in Clio2 Residence.