Residential Preferences in Residential Location Choice

Abstract

Residential mobility attempts to address problems on households' life adjustments or the mismatch between residents' present needs and housing consumption. The desired preferences of each household may be complex to determine, but the trends or preferences in a residential area can be captured. Residential location choice stimulates residential mobility decision on the selection of a particular area. This study aims to identify residential preferences on relocation using a selected sample of 323 households in Penang who intend to move in the near future. Results show that residents prefer to move to other states than Penang. Therefore, determining residential preferences is necessary to develop corresponding housing policies.

Text Pre-Processing For The Frequently Mentioned Criteria From Online Community Homebuyer Dataset

“…The online community in Penang appeared more concerned with facilities criteria that related to park, shop, mall, pool, school, and gardens. This study appears to support the view that facilities criteria are more significantly important in the urban area [49]. For example, the existence of gardens and green space is now evolving into a top priority residential criteria and homebuyers are willing to invest more for this [50].…”