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Title : Developing Maintenance Charges Framework for Mixed-use Strata DevelopmentYear : 2025Area : Real Estate Management & Services (REMS)Project Leader : Sr Dr Kamalahasan A/L AchuOrganization : UTMAbstract : Maintenance charge is a critical aspect of strata living that ensures the upkeep and longevity of common properties. The obligation to pay this charge is well-regulated by Strata Management Act 2013 and its Regulations in Malaysia. However, whether parcel owners are paying a fair and equitable maintenance charge in the context mixed-use developments has become a subject of litigation and confusion among strata stakeholders. Recent court judgments have sought to provide guidance, allowing, to some extent, Management Corporations to charge different rates for parcels with 'significantly different purposes’. There is also a growing tendency to suggest that
Title : Ethical Practices in the Estate Agency Industry: Evaluating Regulations, Influences and Solutions Year : 2025Area : Real Estate Industry And Analysis Studies (REIAS)Project Leader : Sr Dr Gunavathy A/P KanniyapanOrganization : TAR UMTAbstract : The real estate agency sector in Malaysia plays a vital role in contributing to national revenue and is recognised as one of the top sources of tax collection by the Inland Revenue Board (LHDN). The sector's rapid growth underscores its significant position in the country's service economy. However, this expansion has brought about ethical concerns affecting intra-industry relationships and public trust in real estate professionals. Issues related to transparency, trust, and integrity have emerged as major focal points, influencing how consumers and agents perceive one another. These challenges are consistent with global trends in the industry. Despite the existence ....
Title : Impact of Foreign Direct Investment on Malaysia's Real Estate Market: The Case of Kulim Hi-Tech Park and Batu Kawan Industrial ParkYear : 2024Area : Real Estate Industry And Analysis Studies (REIAS)Project Leader : Dr. Nur Hafizah Mohammad IsmailOrganization : UUMAbstract : The study examines the characteristics of foreign direct investment (FDI) in Kulim Hi-Tech Park and Batu Kawan Industrial Park particularly, its impact on the real estate sector. Historically, FDI has been concentrated in the manufacturing sector, but recent trends show a shift towards the service sector, with real estate playing a significant role. The increased flow of foreign capital, particularly in real estate, is believed to spur infrastructure development and contribute to both residential and commercial sectors. However, challen.........
Title : A Cross-Platform Information and Analytics System for Sales of Property Transaction and Rental Information Year : 2024Area : Real Estate Industry And Analysis Studies (REIAS)Project Leader : Dr. Muhammad Faiz bin Mohd ZakiOrganization : UMAbstract : Acquiring property is a significant investment, requiring thorough research and access to reliable data, especially during periods of global uncertainty. Historical transactional data, including rental information, is crucial for analyzing price trends and making informed decisions. However, in Malaysia, access to such data is restricted as the Valuation and Property Services Department (JPPH), which holds extensive property records, only offers offline request processes. This lack of transparency limits market efficiency and hinders data-driven decision-making. This study aims to address these challenges ........
Title : Smart Features Element Cost Model for Malaysian Smart Living Housing Development Year : 2024Area : Real Estate Industry And Analysis Studies (REIAS)Project Leader : Dr Fara Diva binti MustapaOrganization : UTMAbstract : This research aims to create an elemental cost model for Smart Living features using the Hedonic pricing method to support cost approach valuation of Smart Living housing in Malaysia. The model serves as an economic tool to help stakeholders plan, estimate, and control building costs and assess property value. By employing Hedonic regression analyses, the research captures the unique value of Smart Living features and their impact on costs, defining the optimal gross building cost for these housing types. The study also explores how the Hedonic cost approach can be complemented ........
Title : A Critical Study on the Legal Issues Relating to Co-proprietorship of Land in Malaysia Year : 2024Area : Real Estate Law & Policies (RELP)Project Leader : Dr Sik Cheng Peng Organization : UMAbstract : Co-ownership of land can present significant challenges in management and maintenance. It often involves more than just sharing and collective use of the property; personal relationships may be at stake, leading to emotional decisions rather than rational judgments. Where co-owners reach an impasse, it can hinder any dealings or land development plan. This research aims to explore the legal complexities surrounding co-proprietorship of land in the form of tenancy in common under the National Land Code. It delves into the rights of land co-owners, common disputes that arise between them, and .........
Title : Flexibility in Land Use Decision Making for Urban Farming Activities Approval Towards Food Security Year : 2024Area : Real Estate Law & Policies (RELP)Project Leader : TPr Dr. Noraini Binti Omar Chong Organization : UiTMAbstract : This research is aimed to determine the numerous process and procedure to address the need of food security in Malaysia focusing on sustainable food system initiatives such as increase domestic resources, involvement of the private sector, government and public population availability of safe food at reasonable prices and healthy eating styles and ensure the country’s preparedness in the face of a food security crisis. There are three main (3) objectives which for this research are 1) To identify the current practice of local authority in granting approval for urban farming since urban farming is not ........
Title : Lot Lidi: Peluang Kepemilikan dan Risiko dari Perspektif Undang-Undang Year : 2024Area : Real Estate Law & Policies (RELP)Project Leader : PM Dr Noraziah binti Abu Bakar Organization : UiTMAbstract : Secara amnya, konsep Lot Lidi adalah sekeping tanah di bawah satu hak milik yang sah dan dipecahkan kepada beberapa plot tertentu, dan plot-plot tersebut akan dijualkan tanpa suratan hak milik berasingan. Transaksi Lot Lidi ini telah menimbulkan satu isu perundangan yang nyata iaitu isu hak kepemilikannya di bawah Kanun Tanah Negara (Akta 828). Daripada perspektif undang-undang, hak kepemilikan Lot Lidi adalah bercanggah dengan Akta 828 kerana prinsip kepemilikan di dalam Akta 828 adalah berdasarkan konsep pendaftaran. Pada zahirnya, transaksi itu kelihatan seperti sah dan ........
Title : Lot Lidi Dari Aspek Proses dan Prosedur di Pihak Berkuasa Tempatan Year : 2024Area : Real Estate Law & Policies (RELP)Project Leader : Tpr Dr Siti Kartina Juhari Organization : UiTMAbstract : Lot lidi adalah tanah yang dipecah kecil tanpa melalui proses kebenaran merancang dan pecah sempadan yang sah (tidak mempunyai geran individu) kerana tidak memenuhi saiz standard yang ditetapkan dalam piawaian dan garis panduan, dan dijual dalam bentuk pecahan kepada pembeli. Walau bagaimanapun, terdapat keadaan di mana Pihak Berkuasa Tempatan (PBT) memproses permohonan kebenaran merancang bagi lot lidi. Kertas ini bertujuan untuk mengkaji dan mengenalpasti mekanisme pelaksanaan proses dan prosedur perancangan di PBT. Objektif kajian adalah 1) .........
Title : Apakah Definisi Lot Lidi dari Perspektif Perancangan Bandar: Tahukah Komuniti? Year : 2024Area : Real Estate Law & Policies (RELP)Project Leader : Tpr Dr Siti Kartina Juhari Organization : UiTMAbstract : Tawaran harga tanah lot yang murah membuatkan siapa sahaja rambang mata untuk memiliki lot bertanah. Lot lidi merupakan lot tanah yang mempunyai geran yang sah) namun ia dipecahkan kepada beberapa lot yang kecil untuk dijual kepada pembeli tanpa melalui proses kelulusan pecah sempadan di bawah Kanun Tanah Negara (Akta 828). Tujuan adalah untuk mengkaji dan mengenalpasti mengenai definisi lot lidi dari perspektif perancangan bandar. Objektif kajian adalah 1) Mengenalpasti takrifan lot lidi 2) Menganalisis tahap kepuasan komuniti terdapat pemilikan lot lidi 3) Mencadangkan strategi ........
Title : Complaint Handling Guidelines for Strata Residential Property Managers: Navigating Residents' Complaints Effectively Year : 2024Area : Real Estate Management & Services (REMS)Project Leader : Prof Dr Sr Yasmin Mohd Adnan Organization : UMAbstract : The increasing number of strata properties in Malaysia has led to a rise in complaints despite the enforcement of the Strata Management Act 2013. This study critically examines the nature of complaints related to property management in high-rise residential strata properties, focusing on three key urban areas: Subang Jaya, Petaling Jaya, and Kuala Lumpur. Surveys were conducted among property managers, revealing that the main complaints include maintenance and upkeep, car park issues, health, safety, and security (HSSE), and waste management. Finance-related complaints, while not ........
Title : Exploratory Study of Maintenance Charges Budgeting for Strata Development Year : 2024Area : Real Estate Management & Services (REMS)Project Leader : Assoc. Prof. Dr Norfashiha Hashim Organization : UiTMAbstract : Maintenance fees are essential for managing any property, especially strata buildings. A major challenge in strata developments is prioritizing maintenance expenses, which directly impacts overall charges. A proper budgeting practices are crucial for maintaining and sustaining these shared spaces. The goal of this research is to develop a standardized maintenance charge rate for budgeting purposes in strata developments. The research objectives are threefold: first, to explore the current budgeting practices used by property owners and management committees in strata developments; second, to identify the .........
Title : A Web-Based Guidance System to Conduct Contingent Valuation Method for Ecosystem Services Year : 2024Area : Real Estate Valuation (REV)Project Leader : Prof Madya Sr Dr Choong Weng Wai Organization : UTMAbstract : The increasing demand for ecosystem services has led to greater exploitation of natural resources. The lack of associated costs or monetary value hinders policymakers and the public from recognizing the benefits of these services. Property valuers, relying on traditional valuation approaches such as market, cost, and income, may not capture the true value of ecosystem services, as these approaches depend solely on market value. While valuers are interested in assessing the economic value of ecosystems through the contingent valuation method (CVM) for second opinion, they often lack familiarity with ........
Title : Impact of Green Elements on Property Value Year : 2024Area : Real Estate Valuation (REV)Project Leader : Dr Shazmin Shareena Binti Ab. AzisOrganization : UTMAbstract : Green valuation is one type of valuation methods used to estimate the value of property by taking consideration the effect of the green features. Previous studies agreed that green features should be considered in valuation due to its features have added value to the building. However, many researchers have shown that the notable obstacle in implementing green buildings is the cost of implementation even though it does increase the market value of the building. Therefore, it is important to determine green features that has positive effect on property value and the implementation cost related to the green ........
Title : Specific Risk-Adjustment Rate Rubric for Intellectual Property Valuation Based on Technology Readiness Level Year : 2024Area : Real Estate Valuation (REV)Project Leader : Prof. Madya Dr. Rohaya Abdul Jalil Organization : UTMAbstract : Intellectual property (IP) valuation is recognized as one of the knowledge that valuers need to explore as a new opportunity in diversifying valuation services. However, IP's intangible nature, unfamiliarity with specific risk allocations, unique IP characteristics and future uncertainty of IP growth make it challenging to allocate specific risks to ensure valuation reflects true economic fair value as IP risks differ. by IP category and technology readiness level (TRL) level. Therefore, through relief from royalty method, the study of the specific riskadjustment rate (SRAR) framework to build a rubric that .........
Title : Property and Equity Markets in Malaysia: Building Sustainable Financing Strategies and PoliciesYear : 2024Area : Real Estate Development & Financing (REDF)Project Leader : Prof Madya Dr Mohd Edil Bin Abu Sukor Organization : UMAbstract : This study aims to contribute to a more stable and affordable housing supply aligned with the Madani Inclusive Housing Concept by encouraging Malaysian property developers to shift towards equity financing as their primary funding source. Currently, developers rely heavily on bank loans, which are more rigid compared to equity financing. The research addresses three key questions: first, what factors influence the growth of the Malaysian property market? Second, how do changes in equity market risks impact the property sector in Malaysia? Finally, what strategies and policies can stabilize the ........
Title : Decision Support System for Disaster Recovery Centre in Malaysia Year : 2024Area : Real Estate Development & Financing (REDF)Project Leader : Prof Madya Dr Rohafiz SabarOrganization : UUMAbstract : The research explores a comprehensive model aimed at satisfying total relief demand by minimizing logistics operation costs for the Disaster Recovery Centre (DRC). The model was formulated to integrate the Decision Support System (DSS), facility location, and inventory decisions while considering capacity constraints and time restrictions to reduce the total cost of relief operations during a disaster. The application of critical success factors related to supply and demand was demonstrated using a real disaster case in Malaysia, involving disaster areas and a distribution centre. To gain insights, a ........
Title : Frameworks To Empowering Felda Lands Development Towards Sustainability & Highest-Best Use ApproachYear : 2022Area : Real Estate Industry And Analysis Studies (REIAS)Project Leader : Dr Salbiah Hj. MokhtarOrganization : UiTMAbstract : Rural land development focuses on settlements and agricultural areas are crucial to be managed efficiently. This paper highlights the FELDA settlement area as in Malaysia FELDA has become an established organisation that manages both the rural settlements and the crop areas well. The Felda scheme has changed the lives of landless residents by providing housing, employment, income from agribusiness shareholders, and the ownership of valuable land titles. Improving productivity and the quality of rural settlement and crop area plantation operation is one of the most difficult challenges and ........
Title : Kerangka Konsepsual Polisi Peningkatan Potensi Pembangunan Kawasan Tanah Luar Bandar – Rujukan Khas Kepada Skim Penempatan Felda di Malaysia Year : 2022Area : Real Estate Industry And Analysis Studies (REIAS)Project Leader : Dr Muhamad Amir Afiq Bin LokmanOrganization : UTMAbstract : Since independence, Malaysia's rural areas have played a significant part in the country's economic, social, and political growth. The Federal Land Development Authority ("FELDA") has been established by the Malaysian government as one of the organisations in charge of rural development to reinforce the role of rural areas as the foundation of national development. With the establishment of the Land Act (Group Settlement Area) (Act 530), FELDA's responsibility was strengthened. However, these lands under Act 530 have unique characteristics compared to other lands under the National........
Title : Property Development Costs: A Cost-Effectiveness Study To Apprehend Unaffordable Housing Crisis Year : 2022Area : Real Estate Industry And Analysis Studies (REIAS)Project Leader : Dr Fara Diva Binti MustapaOrganization : UTMAbstract : Shelter has been predominantly defines as housing needs that is a critical part from the whole Maslow’s Hierarchy of Human Needs. In facts, housing development level has been proposed as a scale of country socioeconomic stability. Albeit its importance for human wellbeing, there seems to be an issue on housing affordability. This scenario is convinced to derive from the mismatch between market affordability and housing selling prices. For example, National Property Information Centre (NAPIC) reported the first half of 2020 indicated 61.9% of consumers demand residential with the price below ........
Title : Office Building Rental Forecasting Based on Machine Learning Regression Model Year : 2022Area : Real Estate Industry And Analysis Studies (REIAS)Project Leader : Dr Thuraiya MohdOrganization : UiTMAbstract : Valuers face various challenges in determining property prices and rental values due to their heavy dependence on market data. The use of existing databases in property valuation assignments presents intrinsic challenges where the valuer might derive incorrect assumptions in analysing value-issued comparable data. Plus, it is worth noting that when predicting property values and rentals, appraisers and investors cannot rely on historical market data from real estate transactions. With the increasing spectrum of Industrial Revolution 4.0, the introduction of the Machine Learning Model to solve .........
Title : The Effect of Covid-19 Pandemic on The Malaysian Property Market Year : 2022Area : Real Estate Industry And Analysis Studies (REIAS)Project Leader : Dr Shazida Jan Binti Mohd KhanOrganization : UUMAbstract : The economy has experienced several crises in the last decades and 2003 is the only one related to a disease outbreak, the severe acute respiratory syndrome (SARs) epidemic. However, the economy is again experiencing an unprecedented crisis which is associated with negatively impacting people’s mental health, reducing income in households and poverty, affecting sectors in the economy, and halting many activities. Efforts by the government with multiple modifications solely intended to minimize the impact on the economy while saving lives and protecting their livelihoods have made it difficult .........
Title : Assessment of Economic Worth of Green Roof To Mitigate Urban Heat Island: A Case Study in Putrajaya.Year : 2022Area : Real Estate Development And Finance (REDF)Project Leader : Dr Firdaus Mohamad HamzahOrganization : UKMAbstract : The increase in global temperature is often associated with the occurrence of air pollution and climate change issues, especially since the conditions in urban areas are moderately hot compared to suburban and rural areas due to high pollution and lack of green areas. Indirectly, this impact has had an impact on the rate of energy consumption for the cooling process of the building. Following this, the roof components have been identified to contribute to the building heating effect due to exposure for more than 10 hours a day which at the same time secretes 70% of the sun's radiation. Universiti .......
Title : Developing a Heritage Buildings’ Revitalization Management Framework for The Purpose of CommercializationYear : 2022Area : Real Estate Development And Finance (REDF)Project Leader : Dr Umi Kalsum Zolkafli @ ZulkiflyOrganization : UMAbstract : Heritage buildings deteriorate due to time, lack of care, high maintenance cost, lack of comprehensive guidelines and lack of understanding the management practices. It contain more technical and economic uncertainty. Apart from conserving buildings, considerations should be given on how to find a balance between new development and preserving the national heritages. Through close cooperation among related agencies, heritage buildings could be protected and conserved in Malaysia. The effort, in turn, would bring economic returns through the increase in the value of heritage assets or by .......
Title : e- Decision Support System: Buy or Rent (e-DSSBR) MyRumahKira Year : 2022Area : Real Estate Development And Finance (REDF)Project Leader : Dr Siti Rahmah Binti AwangOrganization : UTMAbstract : Each individual must have a dream to buy a house but many could not afford to do so due to the relatively low income among Malaysians. There are several influencing factors that affect owning a house in Malaysia like household income, financial commitment, price of house, housing loan, house purchase upfront, housing loan tenure, and monthly loan payment. Buying a house is indeed a critical decision and a major step in one’s life. However, without good planning and fundamental knowledge on housing loan makes it difficult for a person to make the right decision. Therefore, it is imperative to establish a ........
Title : IoT-Based Solution for Sustainable Mitigation of Urban Heat Island (UHI) Through Implementation of Green Infrastructure (GI)Year : 2022Area : Real Estate Development And Finance (REDF)Project Leader : Dr. Afida Ayob Organization : UKMAbstract : Urban Heat Island (UHI) is a critical issue worldwide due to its negative effects and is mainly caused by the modification of energy balance in urban areas brought about by rapid urban development and also consequences of global climate change. Implementing Green Infrastructure (GI) including both natural and designed greening including green roofs and walls can mitigate the problem. However, implementation of green wall and green roof is still limited especially in Malaysia due to high variability of data which mostly relates to the different characteristics of the GI system, building parameters, surround.......
Title : The Impact of Home Financing Costs and The Built Environment on The Depression Levels of Lower-Income Employees Working From Home During The Covid-19 Pandemic (March 2020 - March 2021)Year : 2022Area : Real Estate Development And Finance (REDF)Project Leader : Dr Ema Izati Binti Zull Kepili Organization : USMAbstract : As a result of COVID-19 which was at its height between March 2020 and March 2021, the Malaysian government was forced to impose a Movement Control Order in phases to limit mobility. Consequently, many employees, including those from lower-income (B40) groups, were compelled to work from home (WFH). The movement limitations caused severe losses in income, and many had to alter the nature of their work to adapt to the WFH requirements. Concern with the mental health issues which have become a serious issue worldwide due to the increasing psychological damage caused by COVID19,.......
Title : Application of Joint Tenancy on Real Property and Its Impact Under The Law of Succession in Malaysia Year : 2022Area : Real Estate Law And Policies (RELP)Project Leader : Dr Azhani ArshadOrganization : UiTMAbstract : Joint ownership refers to the property owned by two or more persons. There are two significant forms of joint ownership the real estate: joint tenancy and tenancy-incommon. Under the common law, joint tenancy has been applied as a mechanism for administering an estate, which takes effect after the joint owner's or joint tenant's death. If any of the joint tenants died, the left portion of the deceased would obligatorily be conceded to the surviving joint tenant. It will not form part of the deceased’s estate. In Penang, the joint tenancy contract is acknowledged by the National Land Code (Penang and Malacca Titl.......
Title : Legal Issues of Private Lease Scheme in Residential Buildings Under Stratified Properties Year : 2022Area : Real Estate Law And Policies (RELP)Project Leader : Dr Ruzita AzmiOrganization : UUMAbstract : A Private Lease Scheme (PLS) was first introduced in 2012 by Iskandar Investment Berhad, a developer that built Meldini in Johor Bahru, Johore, a housing accommodation including stratified property. In a private lease, the landowner will let ‘lease’ the land to a developer for 30, 60, or 99 years. The landowner grants the rights to the developer to develop and construct the housing accommodation for the public. These rights are based on a Lease Agreement with the landowner remaining as the owner throughout the tenure of the lease. The developer being a lessee, is incapable of passing any ownership .......
Title : Integrating Land Use Planning and Aged Care Services in Special Economic Zones (SEZS) Through Legal Reform Year : 2022Area : Real Estate Law And Policies (RELP)Project Leader : Dr Rozanah Binti Ab. RahmanOrganization : UPMAbstract : Urbanization and population ageing are intersecting in Malaysia and what important is for us to understand that population ageing per se is not a problem, but ensuring the social, physical, economic, and policy environment meet the changing demographic needs. We need to strategize so that the benefit of urbanization is shared, plus solid planning and policies are needed at the national, state and town planning stages to ensure access and affordable infrastructures, social and health services that meet the needs of society for all ages. At the same time to address sustainable development goals of .........
Title : Alternatif Pembangunan Tanah Terbiar Melalui Pengenaan Cukai Year : 2022Area : Real Estate Law And Policies (RELP)Project Leader : Dr Norhidayah Binti Md.YunusOrganization : UTMAbstract : Tanah terbiar merupakan satu masalah yang banyak berlaku di Malaysia. Tanah terbiar memberi kesan kepada negara dan masyarakat dalam aspek ekonomi, sosial dan alam sekitar. Terdapat beberapa negara yang menggunakan pendekatan pengenaan cukai ke atas tanah-tanah terbiar. Beberapa negara tersebut yang mengenakan cukai tambahan ke atas tanah terbiar adalah seperti Jepun, Kenya, dan Filipina. Malaysia belum melaksanakan cukai tambahan ke atas tanah terbiar. Kajian ini dilakukan bagi mencapai 3 objektif kajian iaitu: 1) Mengenal pasti kaedah-kaedah pengenaan cukai ke atas .......
Title : Mekanisme Urusniaga Pajakan Persendirian Bangunan Strata di Malaysia Year : 2022Area : Real Estate Law And Policies (RELP)Project Leader : Dr Ainur Zaireen Binti ZainudinOrganization : UTMAbstract : Recently, the dealings of stratified building through the private lease mechanism has been introduced by industry players in Malaysia. However, the negative response given on its implementation indicates that it has become a new challenge to the land administration system in Malaysia today. This transaction has been considered as benefiting the landowner and the developer more than to the end buyer. Thus, a study was conducted to systematically investigate in detail the dealings of stratified building through the private lease mechanism in the country. The study was conducted to achieve the three objectives of .......
Title : Building Defect Recognition for Deep Learning Mobile Visual Inspection Application Year : 2022Area : Real Estate Management And Service (REMS)Project Leader : Dr. Loo Chu Kiong Organization : UMAbstract : A frequent building inspection and monitoring for building defects are critical to ensuring the structural health and dependability of the structures. Human visual examinations have traditionally been used to detect building defects. However, there are some drawbacks to this strategy which are time-consuming, high labour cost and may yield inconsistent results because the inspector lacks experience and the risk of inspection in limited spots. Therefore, an automated building defects inspection system is necessary to ensure the safety of people. This research aims to design an automated building .......
Title : Multi Approach Guideline for Resilient Office Buildings Towards Reducing Disaster Risks (MAGROB) Year : 2022Area : Real Estate Management And Service (REMS)Project Leader : Dr. Siti Uzairiah Mohd Tobi Organization : UTMAbstract : Malaysia is a country that experienced flood annually, especially during the Northeast Monsoon season. Monsoon floods take a long term and may last a week or more to return to the normal water flow level, whereas flash flood takes only few hours. Throughout the years, flood resilient construction has become an essential component of the integrated approach to flood risk management, and it is now widely accepted through the concepts of making space for water and living with floods whilst building resilience is one of the approaches that can be used to reduce the vulnerability to natural hazards, such ........
Title : Sustainable Pandemic Resilient Guideline for Healthy Office Building Using Indoor Environmental Quality Elements Year : 2022Area : Real Estate Management And Service (REMS)Project Leader : Dr. Hishamuddin Bin Mohd Ali Organization : UTMAbstract : Coronavirus disease (COVID-19) as one of the recent airborne transmission diseases has rapidly affected day to day life, business and disrupted the world trade and movements. The various industries and sectors are affected by the cause of this disease; these include the pharmaceuticals industry, solar power sector, tourism, and so forth. This virus creates significant knock-on effects on the daily life of citizens, as well as about the global economy. Several new regulations have been enforced in Malaysia such as the COVID-19 Standard Operating Procedures (SOP) in workplace to reduce the spread of COVI..........
Title : Blockchain Technology in Commercial Office Building Operation Management Process Year : 2022Area : Real Estate Management And Service (REMS)Project Leader : Dr. Tuti Haryati Bt JasiminOrganization : UTMAbstract : Malaysian commercial real estate companies have leveraged the cloud-based tools for digital marketing, collecting leasing data across property portfolios, devise appropriate strategies for tenant retention and to connect virtually with tenants to build a digital tenant experience. However, there are issues need to be highlighted on the transparency, reliability, and correctness of the data on top of the emerging trend of digitization in real estate market. To overcome the challenges, blockchain technology that has been highlighted in 10-10 Malaysian Science, Technology, Innovation and Economy (MySTIE) framework, is.......
Title : Predicting Coastal Erosion Based on Erosion and Land Value Model Year : 2022Area : Real Estate Valuation (REV)Project Leader : Dr. Norhadija Darwin Organization : UTMAbstract : The coastal region hosted significant economic activity with some of the highest property values, which the government and private investors aimed to maintain and secure their interest in the area. Yet, this area presented a growing risk to coastal properties' value because the land and structural attributes are vulnerable to erosion which could affect tax and revenue return. Few empirical studies have included erosion, an environmental factor, and reclamation apart from the land attribute in analysing its impact on the value of coastal land, especially in Malaysia. Hence, this study aims to derive a coastal .......
Title : Economic Valuation of Urban Green Spaces Using the Hedonic Pricing Approach : The Parks of Kuala Lumpur Year : 2022Area : Real Estate Valuation (REV)Project Leader : Dr. Syamsul Herman Bin Mohammad Afandi Organization : UPMAbstract : Urban Green Space (UGS) is a part of urban modern cities living. UGS supports the life of urbanites. The significant of the UGS has been outlined in Sustainable Development Goals 11 and 15 (SDG11 and 15), Nevertheless, the social and environmental functions of UGS are always left out from decision making process, also known as market failure. This is due to the lack of understanding in economic benefit, in monetary value terms: This study managed to estimate the economic value of selected UGS, the public parks of Kuala Lumpur, namely Taman Metropolitan Kepong, Taman Persekutuan Bukit Kiara,........
Title : Assessing The Impact of Transit-Oriented Development on Residents’ Quality of Life in Northern Malaysia Year : 2022Area : Real Estate Valuation (REV)Project Leader : Dr. Badariah Haji Din Organization : UUMAbstract : Transit-Oriented Development (TOD) is gaining wide acceptance by many state’s governments in Malaysia due to its potential to create a liveable neighbourhood with enhanced mobility. Therefore, this study aims to assess the impact of TOD on the residents’ quality of life in Malaysia northern states. The data for this study were gathered from a survey on 360 residents who used the Northern KTM commuter train service. Descriptive and inferential statistics including chi-square test and PLS-SEM technique was performed to analyse the data and produce the findings. The findings of this study ...........
Title : Estimating The Impact of Mass Rapid Transit (MRT) on Residential Property Prices in Greater Kuala Lumpur, Malaysia Year : 2022Area : Real Estate Valuation (REV)Project Leader : Dr. Mohd Faris Dziauddin Organization : UPSIAbstract : Urban rail transit systems such as Mass Rapid Transit (MRT) and light rail transit (LRT) can generate both positive and negative externalities, especially for those located extremely close to these facilities. Using the Sungai Buloh– Kajang (SBK) MRT Line in Greater Kuala Lumpur, Malaysia as a case study, this research investigates the impact of MRT on residential property prices by considering the positive and negative externalities that can be generated by such a system. Multivariate regression analysis was used to model the neighbourhood satisfaction of residents living near the SBK MRT Line. To estimate th.......
Title : Valuation of Ecosystem Services Using the Contingent Valuation Method: A Case Study of The Johor River BasinYear : 2022Area : Real Estate Valuation (REV)Project Leader : Dr. Choong Weng Wai Organization : UTMAbstract : The overwhelming demand for ecosystem services has led to an intensification of the use of natural resources. Natural capital provides ecosystem services that are used by the public but are not acknowledged, in part because there is no cost associated with them or a monetary value placed on them. Monetise the value of natural capital will provide insights to the policy maker and generate better reference for stakeholders, such as compensation for land reclamation and policy making. The profession of valuer is now paying more attention to the complexity of ecosystem valuation and the variety of its........
Title : The Critical Success Factors in Adoption of ODOORS for Affordable Housing in Malaysia Year : 2020Area : Real Estate Development & Finance (REDF)Project Leader : Dr. Leng Pau Chung Organization : UTMAbstract : Open Doors System (ODOORS) housing is a new concept promoting the concept of simplicity and affordable especially for a post-disaster event. The prototype of ODOORS has been placed in Universiti Teknologi Malaysia, Skudai campus sponsored by the Prototype Research Grant (PRGS) under the Ministry of Higher Education Malaysia and Universiti Teknologi Malaysia. Previous research is basically on the thermal comfort in ODOORS in tropical climate weather. By adopting the concept of Orang Asli’s house and Open IBS, ODOORS offers an alternative as it is a ‘self-help’ house and the time .......
Title : Emergence of Virtual Space: Impact on Shopping Malls in Klang Valley, Malaysia Year : 2020Area : Real Estate Development & Finance (REDF)Project Leader : Prof Teck Yong Eng Organization : University of Reading MalaysiaAbstract : The present study aims to explore the impact of the emergence of virtual space on the demand for physical retail space. The study’s premise is that it is not clear whether the emergence of online shopping would transform the physical retail property sector in Malaysia. In particular, the survival of brick-and-mortar retail properties such as shopping malls could be threatened by the virtual space or online e-commerce. The study is conducted in two stages. In the first stage, a comprehensive literature review aims to identify the factors that drive online and physical shopping. The second stage involves identifying ........
Title : Green Roof for Sustainable Urban Flood Control Via Cost Benefit Approach for Local Authority Year : 2020Area : Real Estate Development & Finance (REDF)Project Leader : Dr. Shazmin Shareena Ab. Azis Organization : UTMAbstract :
Global changes counting economic development, population growth, and people migration to the urban region has created densely opaque and impervious urban landscape. This is a catastrophic problem for countries receiving large and continuous annual rainfall. Impervious surface generates high storm water runoff volumes and flow rates, which overwhelm the traditional centralized drainage systems and cause frequent flash flood episodes in the urban region. Flash flood has caused tremendous damages and loss to the nation. As a result, local authority has to spend greatly to repair damages caused by ...........
Title : Changes in the Lifestyle of Malaysian Population and its Effect on Housing Demand : A Focus on Multigenerational Households Year : 2020Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Dr Sr Ainoriza Mohd AiniOrganization : UMAbstract : Previous research on housing in Malaysia has been focusing mainly on affordable housing and more recently on meeting the needs of elderly community. Given the lack of work on the demographic shift and changes in lifestyle in Malaysia, it is timely to consider how this trend will impact on housing preferences and demand in the future. Particularly, it is also important to discuss policy implications of this significant demographic shift with consideration of the implications of emerging types of families including multi-generational households or sandwich generation and at the same time as our population .......
Title : Establishment of Newly Urbanised Areas (NeUA) and Their Effect to The Housing MarketYear : 2020Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Prof. Dr. Sr. Wan Nor Azriyati Wan Abd Aziz Organization : UMAbstract : The phenomenon of newly urbanised areas is an important issue in Malaysia, particularly in the Klang Valley region. Households are facing new challenges due to rapid industrialisation, modernisation, and globalisation, which have impacted the housing market. With the rising cost of living in the city, there is now a trend for households to move further into newly urbanised areas (NeUA). Previous research on housing in Malaysia has mainly focused on affordable housing and first-time home buyers in city centers. Given the lack of work on NeUA in Malaysia, it is timely to consider how this trend will impact the ........
Title : Malaysia City for Ageing Population (MCAP): Framework and Strategies Year : 2020Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Ts. Dr Kushairi RashidOrganization : UiTMAbstract : Malaysia is predicted to become ageing nation by the year 2035 with 15% of the nation population are in the older people. Malaysia was identified to have shorter time to prepare its cities for ageing population, therefore, it is critically important to determine the immediate needs of older people based on local context. Nevertheless, a clear mechanism to achieve the state of age-friendly city environment remains a subject for exploration. In this regard, the study was conducted to propose quick-win strategies to adapt Malaysia cities with ageing population. Three objectives that include to identify demographical .......
Title : The Elderly-Friendly Housing Concept and Design Features Preferences for Malaysian Ageing Population Year : 2020Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Sr Dr Hafiszah Ismail Organization : UiTMAbstract : The continuous increase of the elderly will render Malaysia with an ageing nation status by 2030. By 2030, it is forecast that Malaysia's elderly population will increase to 15 percent of the total population. Malaysia has adopted the "60 years and over" age group as the cut-off point in deliberating on the elderly. The growth of the elderly (senior) population will affect the housing market and indirectly affect the Malaysian housing demand. Despite the continuous increase of elderly (senior) populations, less attention given on housing provisions that are tailored explicitly according to the needs and preferences ........
Title : Formulating a Malaysia Assessment Measure for Modern Rural Development: Towards a Synergising for Rural Change Year : 2020Area : Real Estate Law And Policies (RELP)Project Leader : Assoc. Prof. Gs. Dr. Mohd Fadzil Abdul Rashid Organization : UiTMAbstract :
The Malaysia government aims to transform rural areas into economic focal points, improve rural livelihoods, living environment and narrow the life quality gaps between those living in urban and rural areas. This aspiration can be seen through a translation in many national development policies, particularly in Dasar Perancangan Fizikal Desa Negara (the DPF Desa Negara 2030), Dasar Pembangunan Luar Bandar (the DPLB 2030) and very current is Wawasan Kemakmuran Bersama (the WKB 2030). To this extent, rural assets and resources (agricultural, entrepreneurship, business, tourism) should be ...........
Title : Reactivation Model of Abandoned Housing Project Development in Malaysia Year : 2020Area : Real Estate Law And Policies (RELP)Project Leader : Dr Siti Uzairiah Mohd Tobi Organization : UTMAbstract : The Malaysian government has put a lot of efforts into addressing the issue of abandoned housing in Malaysia. Those efforts were taken to ensure the development of housing property completed on time, as well as protecting housing purchasers’ rights. However, the abandoned housing cases have increased in attempt to fulfil the demand and supply gap at the national housing level. Thus, to better understand the issue, this paper seeks potential solutions in tackling the abandoned housing project development. This was done by identifying the factors that contribute to the occurrence of .......
Title : The Legal Framework and Governance of Short-Term Accommodation in Malaysia: The Way Forward Year : 2020Area : Real Estate Law And Policies (RELP)Project Leader : Prof Dr Nuraisyah Chua Abdullah Dr Azni Mohd Dian Organization : UiTMAbstract :
Contrary to the perceptions of many short-term accommodation operators, the short-term accommodations in Malaysia are subjected to laws relating to land and town planning. In the light of the ignorance of the STA operators pertaining to the legal aspects of STAs and complaints received by both the industry players (registered hoteliers) and the general community at large, this paper addresses the aspects of STAs in Malaysia.........
Title : Developing Simplified Building Information Modelling (BIM) in Operation and Maintenance Stage Year : 2020Area : Real Estate Management And Service (REMS)Project Leader : Dr Azlan Shah Ali Organization : UMAbstract : In managing cost data using life cycle cost (LCC) is a complex task due to problems associated with processes such as data capture, reliability and certainty. Managing maintenance cost data also is one of the problems because of difficulties in identifying the accurate cost for maintenance and repair of specific components due to the accounting systems used by building managers. The introduction of Building Information Modelling (BIM) as a tool for facilitating information and knowledge sharing through digital representation of the physical and functional characteristics of a facility has seen wide .......
Title : FM Value Propositions in Malaysia Year : 2020Area : Real Estate Management And Service (REMS)Project Leader : Dr Mohamad Rizal Baharum Organization : UMAbstract : Facilities Management (FM) and Real Estate Management (REM) play roles in the built environment to support customer primary activities by providing maintenance support, project management and user management during the building life cycle. These management of all services required for the management of buildings and real estate to maintain and increase their value. The integration of multi-disciplinary activities within the built environment and the management of their impact upon people well-being and workplace productivity. Hence, the management function must geared toward achieving ........
Title : Revitalizing the Waqf Lands Through Agribusiness Activities Year : 2020Area : Real Estate Management And Service (REMS)Project Leader : Dr Amirul Afif Muhamat Organization : UiTMAbstract :
This study aims to explore on the potential of the waqf lands to be rejuvenated for agribusiness activities. The latest study in 2018 informs that 87% of the waqf lands in Malaysia are considered as underutilized. Clearly, a pragmatic approach is required to address this issue. This study employed qualitative method by interviewing nine key informants who are experts in their fields. They have discussed several pertinent issues such as Shariah requirements, legal consideration, financial constraints, location and size of the waqf lands, expertise to develop the waqf lands, scope of agreement and party or ...........
Title : Integrating Tangible and Intangible Factors in Infrastructure Asset Valuation of Custom, Immigration and Quarantine Complex (CIQ Complex), Bangunan Sultan Iskandar (BSI), Johor Bahru, Johor Year : 2020Area : Real Estate Valuation (REV)Project Leader : Dr. Ezdihar Binti Hamzah Organization : UTMAbstract : Infrastructure asset involves a huge capacity of building that the operations and functions linked to other infrastructures. The asset uniqueness in terms of design, operations, stakeholder interest and business growth does affect the overall value of the asset. Valuation is a critical component for infrastructure asset because there are specific components in incorporating the approaches for valuing assets. This research aims to highlight the current valuation practice for infrastructure asset valuation. It also aims to determine the tangible and intangible factors affecting the infrastructure asset valuation. The .......
Title : Mitigating Professional Liability Risk Upon Deriving Fair Market Value in Business ValuationYear : 2020Area : Real Estate Valuation (REV)Project Leader : Assoc. Prof. Dr. Rohaya Binti Abdul Jalil Organization : UTMAbstract : The demand for business valuation due to financial market uncertainties, financial and business challenges have driven professions such as accountants, valuers and lawyers into the field of service business valuations. However, in Malaysia every profession offers their own services for certain procedures, according to their practice and suitability. As a result, offering a business valuation service is considered risky and many of the professionals, especially qualified and skilled valuers offering this service, refuse to continue with this practice. Therefore, initiatives are needed to .........
Title : The Effectiveness of One Stop Centre (OSC) in Property Development Approval Process in Selangor: A Decade After Its Implementation (2007-2017) Year : 2018Area : Real Estate Law And Policies (RELP)Project Leader : TPr. Dr. Marlyana Azyyati Marzukhi Organization : UiTMAbstract : Malaysia has been experiencing rapid development since its independence in 1957, which has transformed its economic base from agricultural to industries. Rapid urbanisation has itself led to the continued rise of economic growth and an acceleration of market values. Certainly, the planning system plays an important role in contributing, often directly, to the country’s needs and aspirations, particularly in decision-making processes. This effort as evidenced by the improvement of the delivery system mechanism, known as One Stop Centre (OSC). OSC was initiated by the Ministry of Urban .......
Title : Models of Sustainable and Responsible Investment Sukuk as a Potential Source of Funding for Affordable Housing in Malaysia Year : 2018Area : Real Estate Development & Finance (REDF)Project Leader : Assoc. Prof. Dr Salina Kassim Organization : IIUMAbstract : This study focuses specifically on finding innovative financing solutions for affordable housing with the aim of providing enriching inputs to the authorities to diversify the sources of financing for the delivery and purchase of affordable houses. While currently specific measures have been undertaken towards this effort such as allowing the withdrawal of Employee Provident Fund to pay for the down-payments and monthly instalments, and the offering of relatively cheaper housing units through the RUMAWIP and PRIMA housing schemes, the issue of affordable housing, particularly to the middle-income ........
Title : Identification of Business Intelligence in Managing Maintenance Management Job Functions for Federal Government Office Buildings in Putrajaya Year : 2018Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Dr. Siti Hajar OthmanOrganization : UTMAbstract :
This research attempts to assess the significance of big data applications in the maintenance management for government buildings in Putrajaya. By using theoretical aspects of big data analytics, especially implementation in other areas such as medical and engineering, valuable information and knowledge is able to be discovered from the asset maintenance. By integrating the concept of big data and business analytics with maintenance data and knowledge management to produce data analytics, there is a comprehensive closed-loop mechanism of maintenance management for the maintenance ...........
Title : Legal Issues and Challenges when Housing Developers act as Home Loan Financiers Year : 2018Area : Real Estate Law And Policies (RELP)Project Leader : Dr. Gita Radhakrishna Organization : MMUAbstract :
This research project has been undertaken by the three researchers as named in the cover page under a grant awarded by The National Real Property Research Coordinator (NAPREC) in 2018. The research examines the topic of ‘Legal Issues and Challenges when Housing Developers act as Home Loan Financiers’. This Executive Report provides a summary of the six Chapters in the Final Report. Chapter 1 sets out the framework for the research. Chapter 2 deals with the Literature Review, Chapter 3 undertakes a comparative jurisdictional study of the research issue, Chapter 4 deals with the research.......
Title : Level of Sustainable Green Practices at Pantai 2 Sewage Treatment Plant, Klang Valley, Malaysia Year : 2018Area : Real Estate Law And Policies (RELP)Project Leader : Associate Professor Dr Raman Mariyappan Organization : UUMAbstract : The level of sustainable green practices (energy efficiency, indoor environmental quality, sustainable site planning & management, materials & resources, water efficiency and innovation) among developers is indeed an aspect that needs immediate attention in the non-residential projects in the Klang Valley, Malaysia. Sustainable green practices promotes positive activities that will ensure energy efficiency, water efficiency, fairness, effectiveness, divergence, less disparity, less discrimination, inexpensive, reasonable priced, pleasant design, serenity, mutual comfort and many other characteristics to the .........
Title : Formulation of Urban Regeneration Policy Framework in MalaysiaYear : 2018Area : Real Estate Law And Policies (RELP)Project Leader : Dr. Sabariah Eni1 Organization : UTHMAbstract :
This research study has its roots when globally, cities has evolving towards its maturity stage, hence creating urban decline resulted into deprived economic, physical, social and environmental. Apart from the market driven that shaped up urban regeneration and development in the country or cities, most government and stakeholders is thinking on what is the best approach for sustainable urban regeneration or redevelopment process in Malaysia; and how to understand the real situation on what is urban regeneration. Two successful focus group discussions (FGD) among the subject matter expert (SME) .......
Title : Sharia Compliant Tenancy Management Framework for Waqf Properties: Towards Sustainability of Income Year : 2018Area : Real Estate Management And Service (REMS)Project Leader : Dr Ibrahim Bin Sipan Organization : UTMAbstract : It is still a loop in the management of waqf property; inefficiency in waqf management still exists in Malaysia. As a consequence, the income of waqf institutions in some states is relatively small as a result of large rental arrears. Thus, the vulnerability of income generated by the waqf properties should be addressed through sound principles of tenancy management (TM). This research seeks to propose a Integrating Sharia Compliant Tenancy Management framework for waqf properties as a means of increasing the waqf income which will ultimately strengthen the value and nature of waqf. This framework ........
Title : The Development of Fire Safety Management Plan of Work for Government Hospital Building Year : 2018Area : Real Estate Management And Service (REMS)Project Leader : Dr. Naziah Muhamad Salleh Organization : USMAbstract :
Fires incidents in public hospitals trigger a lot of tribulations to the human, financial, public perception and environmental. The main aim of this research is to develop a holistic plan for fire safety management standards for existing and future public hospital buildings in Malaysia. Overall, this research carries three objectives. The initial stage of study was evaluating the level of compliance with the legal requirements in government hospital buildings. Secondly, to examine fire safety management in the government hospital building and by combining both two objectives, the third objective performed: develop ...........
Title : Affordable Housing Issue in Malaysia: Exploring Potentials of Waqf as an Alternative Solutions Year : 2018Area : Real Estate Valuation (REV)Project Leader : Assoct. Prof. Dr. Nor Azizan Che Embi Organization : IIUMAbstract :
Housing affordability is important to ensure houses are affordable to everyone across all income categories, whether they are in the low-income, middle-income (M40), or high-income group. Building housing projects on waqf land will help increase the supply of affordable houses, especially targeted at the M40 group, while also addressing the shortage of affordable housing for the M40 cohort. This study analyses public perceptions of house characteristics and relate these factors to affordable housing prices. The independent variables are location, infrastructure, facilities, size, design and quality. By .......
Title : Estimating The Impact of Crime Risk on Housing Prices in Malaysia Year : 2018Area : Real Estate Valuation (REV)Project Leader : Assoc. Professor Dr. Wong Woei Chyuan Organization : UUMAbstract : This paper examines the impact of crime risk on housing prices at a national level in Malaysia. We utilize long-term crime-rate data spanning three decades and covering different types of crimes across 14 states in Malaysia. Panel dynamic estimators (PMG and MG), which are well suited for panel macrodata, consistently show a negative impact of crime risks on housing prices. The estimated elasticity of housing prices with respect to crime risks ranges from -0.141 to -0.166, in line with existing literature using micro level data. We also find that householders in crime hotspot states are willing to pay more .........
Title : Ethical Performance & Improvements Towards Sustainable Real Estate Agency Practices in MalaysiaYear : 2018Area : Real Estate Valuation (REV)Project Leader : Prof. Dr. Sr Ting Kien Hwa Organization : UiTMAbstract :
The estate agency practice in Malaysia has been regulated since 1981; however, complaints from minor offences to a severe breach of ethical code of conduct that involves a breach of trusts, conflict of interests, lack of transparency etc. remain to be a critical agenda to the regulating Body Estate agency practices face a very challenging and vulnerable environment due to intense competitions; advancement in disruptive 'fintech' and 'proptech' (property technology, e.g. https://speedrent.com/) and the way people interact and do businesses. The evolution of the profession requires the regulator to keep .......
Title : Pembangunan dan Pengesahan Modul Pembelajaran dan Pemudahcaraan (PDPC) Penilaian dan Pengurusan Harta Tanah Melalui Pembelajaran Berasaskan Masalah (PBL) Year : 2018Area : Real Estate Valuation (REV)Project Leader : Assoc. Prof. Madya Dr. Mohd Nazir Bin Md Zabit Organization : UPSIAbstract : Kajian ini bertujuan membangun, menguji kesahan kandungan dan kebolehpercayaan Modul Pembelajaran dan Pemudahcaraan (PdPc) melalui pengintegrasian (gabung• jalin) diantara pendekatan Problem-Based Learning (PBL) mengikut Model McMaster (Barrows & Tamblyn, 1980) ke dalam program ljazah Sarjanamuda Pengurusan Harta Tanah di Universiti Awam (UA) di Malaysia. Kebanyakkan kajian mengenai PBL lebih menjurus kepada pelaksanaan dan keberkesanan, malah sehingga kini belum ada kajian pembangunan modul integrasi penggunaan PBL dalam program pengurusan ........
Title : Fostering Customer Satisfaction on The Eco-Based Residential Development in Malaysia Year : 2016Area : Real Estate Development & Finance (REDF)Project Leader : Dr Abdul Shukor Shamsudin Organization : UUMAbstract :
Awareness of the delicate balance between bio-ecological systems and the need for the industrial development and achievement is becoming more sensitive. It focusses on the well-being of the natural environment whilst conducting such development. The main objective of this study is to identify the key eco-based residential features and their relationship with buyer’s satisfaction. A quantitative approach was used in this study. The data were gathered through personal-administered survey questionnaires and a total of 284 respondents participated in this study. The SPSS 23.0 was the main ...........
Title : A Study on The Need for A Comprehensive Guideline on Design and Planning (Quality and Standard) of Low-Cost Housing for Sharp'ah ComplianceArea : Real Estate Development & Finance (REDF)Project Leader : Asst. Prof. Ar. Dr. Srazali AripinOrganization : IIUMAbstract :
The study was commissioned with an aim to envisage that the problems, issues and challenges in the design and planning (i.e. Quality and Standard) of Low-Cost Housing could be resolved from the Shari'ah perspective. In addition, the research would embark on designing and developing a comprehensive guideline on Shari'ah compliance housing in terms of design and planning (aesthetic, privacy, space requirements, facilities and amenities) for the needy Rakyats. The study endeavours to address the key question whether the current design and planning (aesthetic, privacy, space requirements, facilities .......
Title : Affordability of Potential First Time Home Buyers in Urban Areas, Malaysia Year : 2016Area : Real Estate Development & Finance (REDF)Project Leader : Dr. Ainoriza Mohd Aini Organization : UMAbstract : The concern of housing affordability in urban areas gained substantial momentum in Malaysia as middle income (M40) households began experiencing difficulty in accessing home ownership with special attention to the internal determinants including socio-demographic and buyer’s financing capacity. Semi-structured surveys was conducted on non-home-owners in three cities; Kuala Lumpur, Petaling Jaya and Shah Alam. Focusing on the middle income (M40) household category, the study delves into their financial position and housing aspirations. Using their actual incomes and expenses, the Housing .........
Title : Ageing in Place Overview for The Elderly in Malaysia – Landed Property Home for Generation X and Baby BoomersYear : 2016Area : Real Estate Development & Finance (REDF)Project Leader : Sr. Dr. Siti Uzairiah Binti Mohd TobiOrganization : UTMAbstract :
The size of population in Malaysia had reached 28.3 million in 2010 and is expected to increase to 38.6 million in the next 30 years. Malaysia data illustrates that 7% of the older population age are more than 60 years during 2005, which is anticipated to double up to 14% in the year 2028. This research has comprehensively reviewed the relevant articles and journals to discover the concepts, definitions and issues regarding the ageing population globally and in Malaysia, particularly on how elderly people age in place. Many researchers are in agreement on the main focus areas towards a successful ageing in .......
Title : An Assesment of Disabled Community Ability to Own Residential Property in Urban Areas of Kuala Lumpur and SelangorYear : 2016Area : Real Estate Development & Finance (REDF)Project Leader : Dr. Syakir Amir Ab. Rahman Organization : IIUMAbstract : Owning a residential property provides the sense of security which leads to happiness, productive and fulfilling of one live. Moreover, home ownership able to create stability and improve the quality of life of the disabled communities. As Malaysia approaches developed status and becomes a high-income economy by 2020, the housing industry needs to be adaptive to demand for special groups. Everyone has the same right to own a good living standard and as to achieve this standard, all people regardless their physical ability should have access to own a house. According to Lusher, 1998, universal ........
Title : Assessing The Strata Housing Attributes for Elderly to Age in Place in Klang Valley Year : 2016Area : Real Estate Development & Finance (REDF)Project Leader : Sr. Amalina Binti Azmi Organization : UTARAbstract :
The world is aging and so does Asia countries, which aging even faster including Malaysia. Malaysia is predicted to become an aging nation by the year of 2030. Most of the elderly prefer to age in place. Besides, less elderly lives with their children thus placing them in an independent living. The death of the spouse could also put the elderly in the same situation. Housing is a basic human need. It is believed that human must have a home before they can think about anything else. Furthermore, housing can be a major indicator of well-being for persons of all ages from all backgrounds including the elderly. ...........
Title : Islamic Housing Partnership Equity Trust (HPET-i): The Pull and Push Factors Year : 2016Area : Real Estate Development & Finance (REDF)Project Leader : Assoc. Prof Dr Zaemah ZainuddinOrganization : UUMAbstract :
The concept of Housing Partnership Equity Trust, which derived from United States Housing Market, has effectively provided home to middle-income and low-income people. Adopting to this concept, this research intended to explore an alternative home financing which can be used in financing houses at an affordable price. The main objective of this paper is to determine the pull and push factors in implementing Islamic housing partnership equity trust (HPET-i) as a home financing alternative in Malaysia. Using the concept of waqf and Islamic REITs, this research proposes the framework for developing HPET-i .......
Title : House Demand and House Prices, Drivers of Default and Rejection of Housing Loans in Malaysia: A Micro-Level PerspectiveYear : 2016Area : Real Estate Development & Finance (REDF)Project Leader : Dr Azira Abdul Adzis Organization : UUMAbstract :
Malaysia was reported as having high household debt to gross domestic product (GDP), reaching 89.1 % in 2015 from around 60% in 2008 (Bank Negara Financial Stability and Payments System Report, 2016). In this regard, residential loans continue to be the largest contributor to Malaysian household debt (50.3% of the total debt), followed by personal financing (14.9%), motor vehicles financing (14.6%), non-residential loans (7.4%), securities (5.7%), credit cards (3.5%) and others (3.6%). The Edge Malaysia on 20 February 2017 reported that housing lons defaults caused 17.3% of the total bankruptcy .........
Title : Developing the Grading Instrument for the Super Regional Shopping Centres in MalaysiaYear : 2016Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Zukarnain ZakariaOrganization : UTMAbstract :
In the past two decades, the shopping centres industry in Malaysia has grew significantly in term of number and types. However, so far there is no official classification and grading system was developed for shopping centres in Malaysia. The absent of official grading system may create an issue of asymmetric information in the industry. The information about the grade is also important to the policy makers and shopping centres’ customers. In practice, industry normally have their own grading system, which may base on one of combination of mall’s attributes. In most of the cases, one variable, which is sales .......
Title : Developing an Affordable Housing Livability IndexYear : 2016Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Dr. Fauziah Bt. RajiOrganization : UTMAbstract : This research developed and empirically tested a model that leads to better understanding of the AHL dimension as well as delivers better prediction of the research model. Notwithstanding, there is very little research in the area of AHL. Thus, this study has determined and identified AHL dimension. This study has drawn upon the AHL structural model which has been extensively validated in the Malaysian housing context. This has led to the conceptualisation of the research model used in this research. Three objectives of this research were: to determine the attributes and sub-attributes of livable-affordable-........
Title : Development of an Innovative Model to Empower Wakaf Authorities in the Provision of Affordable Housing Year : 2016Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Dr. Khairuddin Abdul Rashid Organization : IIUMAbstract :
Malaysians, especially needy Muslims and their families are facing a variety of hardships to meet ends, including access to or owning affordable housing. Wakaf can be an instrument that could be utilized to help them. However, few have been done by the wakaf authorities, on a large scale, in addressing the problem of having access to or owning affordable housing faced by needy Muslims, their families and others. This study was undertaken with the aim to empower wakaf authorities in the provision of affordable housing for needy Muslims, their families and others. The methodology adopted was: 1) ext ...........
Title : Model for Leveraging Growth Strategy and Corporate Governance Fit for a Superior Financial Performance in The Malaysia Property IndustryYear : 2016Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Assoc. Prof. Dr Kartinah Binti Ayupp Organization : UNIMASAbstract :
This study was undertaken to examine the types of growth strategies and corporate governance activities adopted by the property and construction firms listed in the Bursa Malaysia, by using firm’s size and listing age as control variables. Currently there is a lack of studies on how growth strategy and corporate governance activities can be leveraged as a means to achieve superior financial performance. In terms of the scope of the study, this study covers all the construction and property firms listed under the Bursa Malaysia that have full set of data dated from 2000 to 2105.With this in mind, the .......
Title : Integrated Consumer Decision Making Process Model for House Purchasing Decisions: A Case Study of First-Time Potential Homebuyers in Klang ValleyYear : 2016Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Dr. Siti Mahfuzah Sarif Organization : UUMAbstract :
A decent home is a basic need for every human. Owning a home has always been a great dream to everyone, it will secure one's life and give protection to an individual and also the family. However, making large monetary decisions like house purchasing can be a daunting one, especially to first-time buyers where mostly are young starters who just started their working career and hardly earned a good pay. This study is initated based on the previous scenario, and the following objectives help to set the path; 1) to identify the needs and preferences of first time homebuyers, 2) to adapt the researcher's .........
Title : Urban Renewal and Strata Scheme Termination: A Proposal for EN BLOC SALE: The Malaysian ApproachYear : 2016Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Dr. Khadijah binti Hussin Organization : UTMAbstract :
Strata scheme development has proliferated in Malaysia as a response to the Fourth Malaysia Plan in optimizing land use and improving society standard of living. Recently the need for urban renewal is become more crucial because of the rapid growth of urban development in high-density cities. To sustain the land source in metropolitan cities, the state authority needs to work doubly hard to managed and control the development in the urban area. One of the approaches implemented in Singapore is to terminate old strata building by using En Bloc Sale method. Strata scheme involving multiple owners will be .......
Title : Baseline Study on Vendor's Disclosure and Owner's Title Assurance Compensation Law in MalaysiaYear : 2016Area : Real Estate Law And Policies (RELP)Project Leader : Assoc. Prof. Dr Nuraisyah Chua AbdullahOrganization : UiTMAbstract : The concept of "caveat emptor" (let the buyer be aware) and bona fide purchaser for value are challenges faced by sub-sale residential landed property purchasers and original registered proprietor of real property in Malaysia. In considering the viability of introduction of vendor disclosure law, title insurance fund and title insurance in Malaysia, comparative study and interviews with stakeholders were also conducted. The research concludes that awareness of information disclosure should be highlighted and the jurisdiction of the tribunal should extend to include dispute on disclosure information in sub-sale ........
Title : Kajian Pembangunan Tanah Simpanan Melayu di Kawasan Lembaga Kemajuan Pertanian Muda (MADA) Year : 2016Area : Real Estate Law And Policies (RELP)Project Leader : Dr. Azlizan Bin TalibOrganization : UUMAbstract : Fokus utama kajian adalah implikasi pembangunan terhadap tanah pertanian di Negeri Kedah khususnya tanah pertanian sawah padi di bawah pentadbiran MADA yang keseluruhannya adalah berstatus Tanah Simpanan Melayu (TSM). Objektif kajian adalah untuk mengenalpasti kedudukan dan kepentingan kawasan pertanian dan TSM, menganalisis tekanan pembangunan ke atas gunatanah pertanian serta mengkaji mekanisme kawalan pembangunan yang dipraktikkan dan penguatkuasaan ke atas guna tanah pertanian dan TSM di tiga daerah di Negeri Kedah iaitu Daerah Kubang ...........
Title : Land Allocation Approach for The Non-Registered Proprietor Flood VictimsYear : 2016Area : Real Estate Law And Policies (RELP)Project Leader : Assoc. Prof.Sr. Dr. Thuraiya Mohd Organization : UiTMAbstract :
Purpose: The purpose of this research is to underscore the need of a land allocation approach for the non-registered proprietor flood victims at Kuala Krai, Kelantan. Methods: The case study approach using the triangulation method with embedded units of analysis was conducted to investigate the land ownership constraints among the non• registered proprietor flood victims at Kuala Krai. From the initial 223 flood victims, purposeful sampling led to the enlistment of 128 non-registered proprietor flood victims who were later interviewed in this research. Further, ten experts from the perspectives of land .......
Title : Methods of Identifying Land Titles and Beneficiaries Relating To Unclaimed Muslim EstatesYear : 2016Area : Real Estate Law And Policies (RELP)Project Leader : Assoc. Prof. Dr. Mohammad Tahir Sabit Haji MohammadOrganization : UTMAbstract :
Estate is referred to the property left by a deceased person after his death. An estate is considered unclaimed if the beneficiaries of the deceased do not apply for letters of administration, probate, and distribution order by court or Land Office. One possible reason is the difficulty to track the owners and their heirs. In addition there is also possibility of various land titles that carries clear identification of the owners but they still remain estates that ought to be distributed which for one or another reason they are not claimed, and lawfully given to the right heirs and beneficiaries. To clear the backlog of the .........
Title : Social Sustainability Achievement in Malaysia Housing Scheme: A Survey of Safe Housing in Iskandar RegionYear : 2016Area : Real Estate Law And Policies (RELP)Project Leader : Dr. Ainur Zaireen binti Zainudin Organization : UTMAbstract :
The housing industry is an important development sector for all countries in the world as it serves to fulfil an individual’s basic need in life. This role is becoming more crucial and difficult within the threatening of contemporary development patterns which have caused various social problems. Despite the difficulties, efforts continue to demonstrate the integration of industry players in providing a socially sustainable housing scheme. This research attempts to investigate further into the housing market segment, on more than just to examine its expansion in the country and the social sustainability achievement .......
Title : Rental-Value Model for Green Buildings of Commercial Properties in Klang ValleyYear : 2016Area : Real Estate Management And Service (REMS)Project Leader : Assc. Prof. Sr. Dr Rozilah Bt. Kasim Organization : UTHMAbstract : In the context of Malaysia office buildings, sustainable buildings trigger people especially local and multinational companies to rent spaces for business purposes. These raise questions among industry players about the difference rental value for the green and non-green rated buildings. Though the previous study revealed that green office buildings fetch higher rental value and it varies to location, the property market might have deformed due to economic factors. Nevertheless, the obtained result is at the initial stage and requires for further research. Moreover, a recent study shows certification, locationa........
Title : Strategi Penjualan Program Perumahan Rakyat (PPR) dan Perumahan Awam (PA)Year : 2016Area : Real Estate Management And Service (REMS)Project Leader : Assoc. Professor TPr. Dr. Dani Salleh Organization : UUMAbstract : Inisiatif kerajaan menyediakan perumahan mampu-milik adalah untuk menyediakan keperluan tempat tinggal yang mencukupi dan selesa di kawasan bandar. Pelbagai program telah dilakukan, antaranya adalah seperti Program Perumahan Rakyat (PPR) dan Perumahan Awam (PA) untuk disewa. Walaubagaimanapun, setelah sekian lama program ini dilaksanakan, kerajaan telah menyedari timbulnya masalah yang serius dalam aspek pengurusan dan penyelenggaraan unit-unit program perumahan dan ianya perlu ditangani dengan segera. Ini adalah kerana sekiranya mereka terus menyewa ...........
Title : The Development of Property Management Capability Index (PMCI) for Effective Service Delivery in Stratified Residential PropertyYear : 2016Area : Real Estate Management And Service (REMS)Project Leader : Dr. Mustafa OmarOrganization : UTMAbstract :
Despite the increasing challenges and rising expectation towards effective residential property management services, there is limited studies and lack of evidences of the utilization of internal capabilities that are crucial for residential property management. Therefore, the identification and evaluation of residential property management capabilities is become important. The research aim was to develop Property Management Capabilities Index (PMCI) to provides property managers with a tool to evaluates their management capabilities. Data were collected through a Focus Group Discussion (FGD) and .......
Title : The Effectiveness of Maintenance Management Through Implementation of Building Maintenance Policy in Commercial High-Rise BuildingYear : 2016Area : Real Estate Management And Service (REMS)Project Leader : Prof. Dato’ Sri Ar. Dr. Asiah Abdul Rahim Organization : IIUMAbstract :
Nowadays maintenance management in commercial high-rise buildings is quite complex in the operation and maintenance activities. In Malaysia, most of them carried out the operation and maintenance activities based on term and condition of contract agreement and company regulation where they consider as a building maintenance policy. There were two (2) objectives in this study which to identify an existing implementation of maintenance policy in maintenance management and to analyse the effectiveness of maintenance policy towards maintenance management performances. The fundamental.........
Title : An Assessment of Housing Affordability at District Levels for The State of Perak, Selangor, Melaka and Johor Year : 2016Area : Real Estate Valuation (REV)Project Leader : Assoc. Professor TPr. Dr. Mariana Mohamed Osman Organization : IIUMAbstract :
Home ownership or the ability to own residential property has been a goal for everyone. Property ownership can create stability, wealth creation and improve individual quality of life. It also shows the ability of an individual to own a decent house, in order to give a better living environment despite all difficulties in housing issues. The government need to provide and plan suitable housing policies for all which is considered to be sustainable housing policy. The development of affordable housing in Malaysia has become a necessity and the level of income people is low based on the national household income .......
Title : Kajian Amalan dan Pelaksanaan Caj Pemajuan dalam Pembangunan Tanah di Malaysia Year : 2016Area : Real Estate Valuation (REV)Project Leader : Pn. Nor Azalina Yusnita Abdul Rahman Organization : UiTMAbstract : Kerajaan tempatan atau lebih dikenal isebagai pihak berkuasa tempatan (PBT) di negara ini merupakan agensi di barisan hadapan secara keseluruhanya. Orang ramai lebih banyak berurusan dengan agensi ini berbanding agensi kerajaan yang lain kerana ia ditubuhkan di peringkat daerah dan berperanan sebagai agensi mengawal selia pembangunan, penguatkuasaan, pengurusan bandar dan sebagainya. Sebagai alat bagi tujuan kawalan pembangunan, PBT pada hari ini mula memperkenalkan kaedah caj pemajuan untuk dikenakan kepada pemaju bagi tujuan kawalan pembangunan tanah. Caj Pemaju........
Title : Off-Campus Student Housing Preferences: Case Study – Negeri Selangor Year : 2016Area : Real Estate Valuation (REV)Project Leader : Dr. Noraini Johari Organization : UiTMAbstract : This research aims to identify the attributes of housing preferences among Malaysian university students, thus enabling insight towards the formation of an Off-Campus Student Housing Preferences Framework in the Malaysian context specifically in the State of Selangor. This is in view of evidence that student accommodation is commonly insufficient to cater for the enrolled students. The objectives of this research are 1. to identify the off-campus student housing preferences and its attributes for dwelling purpose; 2. To identify the differences in student housing preferences between IPTS students and IPTA ...........
Title : Residential Property Price Hike and SpeculationYear : 2016Area : Real Estate Valuation (REV)Project Leader : Assoc. Prof. Dr. Razali Haron Organization : IIUMAbstract :
This report provides an analytical overview of the behaviour of property price in Malaysia by examining factors influencing the property prices. It aims to determine whether property prices in Malaysia can be explained by the fundamental factors (macroeconomic and financial) or it is due to other unexplained factors. One of the unexplained factors could perhaps be speculation activities and this study intends to explore this possibility. This investigation on the existence of speculation in property market contributes significantly to the body of knowledge thus fills the gap in the literature of property market, partic.......
Title : Rural Agro-Tourism and Local Community Income: The Case Study of Clustered Ministry of Tourism and Culture Homestay in Kelantan and TerengganuYear : 2016Area : Real Estate Valuation (REV)Project Leader : Assoc. Prof. Dr. Syahriah Bachok Organization : IIUMAbstract :
This research outlines the analysis of income generation basing on agro-cultural tourism of formal homestays under the purview of Ministry of Tourism and Culture of Malaysia. Using a case study of Kelantan and Terengganu, the research further elaborates on the levels of income generated from agro-tourism, the current locations, distributions, administrations and quality of homestays, factors leading to the success of homestays in generating additional income and strategies of infrastructural improvements to increase the tourists’ receipts from homestay experiences. Tourism plays an essential role in the .........
Title : Government's Role Towards Homeownership: Case Study of PenangYear : 2013Area : Real Estate Law And Policies (RELP)Project Leader : Dr. Ernawati Mustafa KamalOrganization : USMAbstract :
Housing has been the long-term focus of urban development and social and economic policies. Addressing the housing needs of the nation is one of the important agendas for developed and developing countries. Previous studies suggested that the government plays a central role in creating, sustaining, and improving the housing system. This research sought to investigate the role of the government in homeownership in Malaysia, focusing on Penang, and to develop a mechanism of housing price control. This research applied both quantitative and qualitative methods. Questionnaire surveys were conducted .......
Title : The Study of Putrajaya as a Smart City Year : 2013Area : Real Estate Development & Finance (REDF)Project Leader : Dr. Sr Yasmin Mohd Adnan Organization : UMAbstract :
Established in 1995, Putrajaya has been declared as the administrative centre for Malaysia. Despite the extensive investment on city development and accolades received on its many achievements, Putrajaya still suffers from a number of issues which include the lack of vibrancy and the lack of diversity within the population that would contribute to the city's cosmopolitanism. In the era of trade liberalisation and borderless economy, a city has no choice but to adapt and improve to stay competitive. This study aims to introduce the concept of Smart City into Putrajaya as a way to enhance the efficiency of........
Title : Global Financial Crisis and The Financial Performance of Public Listed Companies and Property FundsYear : 2013Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Professor Dr. Abdul Rashid Abdul Aziz Organization : USMAbstract :
The study was basically to examine the impact of the Global Financial Crisis (GFC) on public-listed property companies and property trusts of Malaysia, Singapore, Indonesia and Thailand. The chosen study period was 2004-2012 for the former, and a shorter duration of 2007-20012 for the latter due to smaller population. Ironically, though the origins of the GFC was heavily related to real estate, researches that connect the two have been limited. In its humble way, the study therefore tries to make up for the deficit. In the run-up to the GFC, credit expansion fueled real estate booms in many ...........
Title : Legal And Administrative Consideration In Underground Land Development Year : 2013Area : Real Estate Law And Policies (RELP)Project Leader : Dr Khadijah Hussin Organization : UTMAbstract :
The Rapid Growth Of Urban Development Has Resulted in The Use Of Underground Land As Alternative Choice To Maximize The Utilization Of The Land In Malaysia, The National Land Code 1965 Was Amended To Insert A New Part Five (A) To Enable State Authority To Dispose Underground Land And Gives State Authorities A Clear Power To Dispose Underground Land Of New Cases Of Land Disposal. Together With That, Federal Land And Mines Office (Jkptg) Has Also Issued A Guideline For The Same Purpose Which To Provide A Basis For The Legal Framework Of Underground Land Development. Recent .......
Title : Sustainable Facilities Management Model for State MosqueYear : 2013Area : Real Estate Management And Service (REMS)Project Leader : Associate Professor Sr. Dr. Maimunah SapriOrganization : UTMAbstract :
The mosque is the main entity that symbolises Islamic culture, and has fostered the development of the Islamic community throughout the Islamic centuries. History has shown that mosques play an important role in various aspects, and it has become a tremendous battle to sustain the role of the mosque as a centre of the Islamic community. The increasing number of mosques has resulted in a new challenge in mosque management, where an effective system is required. Many have argued that well-managed services enable an organization to function at its most efficient and effective level, offering real added .........
Title : The Development of Property Management Capability Model (PMCM) for Effective Service Delivery in Stratified Residential PropertyYear : 2013Area : Real Estate Management And Service (REMS)Project Leader : Associate Professor Sr. Dr. Hishamuddin Bin Mohd AliOrganization : UTMAbstract :
Due to an increasing number of stratified residential and raising awareness that the greatest problems of ineffective practices are to be found in such properties, the management capabilities of properties where owners have a responsibility for common and shared parts have become the focus of greater debate globally. Thus, this research focuses on the development of stratified residential property management capabilities model by identifying and investigating the management activities and their major attributes that could effects the management capabilities. The methodology towards this .......
Title : Guideline for Assessment of Housing Needs for Development Planning in Peninsular Malaysia Year : 2013Area : Real Estate Valuation (REV)Project Leader : Prof. Dr. Zuhaimy bin Hj Ismail Organization : UTMAbstract :
Housing needs assessment (HNA) is an important basis for the formulation of a comprehensive, relevant, and appropriate housing policies, strategies, and action plans. A previous research undertaken by the same research team (Noor Sharipah, et. al., 2013) indicates that there were flaws and weaknesses in the assessment of housing needs as practiced in the housing sector studies of the development plans, vis-à-vis the State Structure Plans and District Local Plans. The aim of this research, therefore, is to produce a systematic, comprehensive, and up-to-date HNA Guideline as a reference for town planners,........
Title : Housing Needs for the Ageing CommunitiesYear : 2013Area : Real Estate Valuation (REV)Project Leader : Dr Sr Ainoriza Mohd Aini Organization : UMAbstract :
As Malaysia is approaching to become an ageing nation, it is important to study the housing needs of those who are nearing retirement age in order to provide appropriate and conducive housing for them. The study examined 1,243 Malaysian aged 40 and above or the middle adults’ housing expectations which will affect their housing preferences and decisions. This study covers four regions that have the highest percentage of population above 40 years old in Malaysia including Klang Valley, Perak, Johor and Kelantan in order to examine the key problems related to issues and challenges in providing ...........
Title : Impact of Innovation and Indoor Environment Quality Features on Property Price of Condominium Units in Sentul, Kuala Lumpur Year : 2013Area : Real Estate Valuation (REV)Project Leader : Professor Dr. Megat Mohd Ghazali Megat Abdul RahmanOrganization : UTMAbstract :
Green building concept, a trend in developed nations, has spread to Malaysia. The green features improve the functions of buildings and promises higher returns. Indoor environmental quality (IEQ) and Innovation (IN) are among six criteria of Green Building Index (GBI) that building owner needs to attain for its building to be certified as 'green' in Malaysia. The benefit of IEQ is to create conducive indoor environment for building occupants for living and working. While IN is to meet the objectives of GBI through green building design initiatives and sustainable construction practices. The research question is does .......
Title : A Conceptual Analysis on The Application of Reits in Developing Waqf Land in MalaysiaYear : 2012Area : Real Estate Development & Finance (REDF)Project Leader : Assistant Professor Dr. Nor Azizan Binti Che EmbiOrganization : IIUMAbstract :
One of the major issues in waqf is the inadequacy of fund that leads to undeveloped waqf assets. In the case of Malaysia, less than 1% of the waqf land has been developed, mainly due to the problem of illiquidity and inadequacy in waqf management. Thus, efforts to find alternative financing methods needs to be expedited in order to address this issues. This study analyses the potential of Islamic REITs (iREITS) as an instrument that could be used as a financing option for waqf institutions to acquire commercial assets with high net assets value (NAV) in prime areas. The interest on iREITS as the main focus of.........
Title : Klasifikasi Fasiliti Perumahan Berstrata Bagi Pembangunan Model Penentuan Dana Pengurusan (DMFM)Year : 2012Area : Real Estate Development & Finance (REDF)Project Leader : Prof Madya Sr Dr Norngainy Mohd TawilOrganization : UKMAbstract :
Masalah tunggakaan dana pengurusan atau caj perkhidmatan merupakan punca utama dalam pengurusan penyenggaraan dan fasiliti bagi skim perumahan bertingkat. Masalah ini berpunca daripada 2 aspek yang saling berkaitan iaitu dana pengurusan yang dikenakan kepada penduduk skim perumahan di dapati tidak seimbang dengan fasiliti yang disediakan keadaan ini boleh menyebabkan penduduk enggan membayar dana pengurusan secara tetap pada setiap bulan, maka pengurusan fasiliti yang baik tidak dapat dilaksanakan. Ini menyebabkan penghuni lain yang membayar dana pengurusan merasai .......
Title : Land Development on Highland and Steep Slope Areas: A Comparative Study Between Malaysia and Hong Kong on Process Mechanism and Legislation IssuesYear : 2012Area : Real Estate Development & Finance (REDF)Project Leader : Associate Professor Dr. Sr. Anuar Alias Organization : UMAbstract :
Malaysia has an integrated strategic development plans and frameworks, thus, achievement of sustainable development should not be an issue. The development plan provides strategies and approaches in development with legalization provision. The government also equipped with various legislations had undermined full consideration on the quality life, communication and transport system, socio-economic, environment protections, urban forms, people centric, infrastructure well-being whilst promoting economic growth and the creation of sustainable development in creating places to live, work and ........
Title : Application of GIS to Measure The Impact of Green Lungs in Urban Housing MarketYear : 2012Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Assoc Prof. Dr. Sr. Noor Rosly HanifOrganization : UMAbstract :
Urban areas can obtain public parks, protected forests, unprotected (or undeveloped) forest areas, and trees (collectively known as green lungs) growing around a house, or in the neighborhood surrounding the house. This study explored the different definitions and types of green lungs in both the international and Malaysia perspective, and consequently assessed the relative value of these different types of green lungs to the market value of house properties in the urban areas in Malaysia. This research investigates at four recreational parks located within Klang Valley under different local ...........
Title : Identification of Design Factors That Contribute to The Success of Business Premises ot Public Plaza in Urban Tourism Areas Year : 2012Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Asst. Prof. Dr. Nor Zalina Harun Organization : IIUMAbstract :
This research examines design factors that contribute to the operations and success of the business premises selling souvenirs and local products for tourists at the Heritage Bazaar in Dataran Pahlawan, Melaka. These business premises were previously kiosks and stalls that sold merchandise to visitors who visited Padang Pahlawan a historical field located in the middle of Melaka Historic City. Now, the field has been redeveloped into a modern urban plaza that is located on the upper ground together with a new shopping mall. The business premises that originally located at the ground level were then .......
Title : Suitable Area for Landfill Development: Identification and Calibration Using a GIS ApproachYear : 2012Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Dr. Sharifah Norkhadijah Syed Ismail Organization : UPMAbstract :
Selangor is one of the developed states in Malaysia, with a diversified economy including agriculture, industry, commerce, and tourism. The volume of waste in Selangor is projected to increase from 2.9 million tonnes in 2010 to 3.6 million tonnes in 2020. The existing eight landfills in Selangor could only receive half of this waste per year (1.6 million tonnes per year), highlighting the need for new landfills to be built. Searching for a new location to be developed as a waste landfill is a complicated process. It involves many factors such as environmental, socio-cultural, technical, and economic considerations. .........
Title : Sustainability Evaluation of Public Hospital Building Using Green Rating ToolsYear : 2012Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Assistant Professor Dr. Srazali AripinOrganization : IIUMAbstract :
This research evaluates the sustainability of public hospital buildings in Malaysia using the Green Building Index (GBI) rating tool for healthcare. The study focuses on green building concepts, which have become a significant trend in Malaysia's construction industry. With the adoption of the Green Building Index rating tool, buildings are perceived as opportunities for developers and owners to design and construct sustainable structures that provide energy and water savings, healthier indoor environments, better connectivity to public transport, and the incorporation of recycling and greenery while reducing .......
Title : The Effect of Green Areas on Housing Prices in Selected Neighbourhoods in Klang ValleyYear : 2012Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Associate Professor Dr. M. Zainora Asmawi Organization : IIUMAbstract :
This research addresses how the provision of open space can influence house prices. Global literature suggests that open space holds significant value in relation to house prices, with key factors including cleanliness and good maintenance. From a planning perspective, strategic location is essential in open space planning. This study is a perceptual analysis based on the opinions of 200 homeowners in four selected neighbourhoods: Taman Melawati, Bandar Baru Sangi, Subang Jaya, and Shah Alam. The key research question examines whether a relationship exists between open space and house prices ........
Title : Vertical Living Phenomenon: A Stop-Gap Mitigating PrescriptionYear : 2012Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Associate Professor Dr. Sr. Wan Nor Azriyati Wan Abd. Aziz Organization : UMAbstract :
Using examples drawn from four states in Malaysia—Federal Territory of Kuala Lumpur, Selangor, Johor, and Penang—this study investigates residents' satisfaction levels in low- and medium-cost vertical residential buildings. Satisfaction levels were assessed based on opinions regarding maintenance, cleanliness of common areas, and the availability and quality of facilities and amenities. This study also examines the role of JMB/MC and state interventions in governing vertical residential buildings, addressing key issues such as residents' behavior, legal implications, and management ...........
Title : A Study on The Need for A Comprehensive Law on Landlord and Tenant (Retail Tenancies and Leases) in Peninsular MalaysiaYear : 2012Area : Real Estate Law And Policies (RELP)Project Leader : Assoc. Prof. Dr. Sharifah Zubaidah Syed Abdul Kader Organization : IIUMAbstract :
This research project is an exploratory socio-legal study aimed at determining whether there is a need for comprehensive legislation governing landlord and tenant relationships in retail tenancies in Peninsular Malaysia. Unlike Australia and the United Kingdom, Malaysia currently lacks specific retail tenancy laws regulating this relationship. In these jurisdictions, it has been acknowledged that an imbalance of bargaining power exists between retail landlords and tenants, necessitating legal intervention to ensure fairness. Another key feature of retail tenancy laws in these countries is the inclusion of dispute .......
Title : Best Practice for Corporate Real Estate Management (CREM) in MalaysiaYear : 2012Area : Real Estate Law And Policies (RELP)Project Leader : Dr. Abdul Jalil Omar Organization : UTHMAbstract :
Purpose: This study aims to develop best practices for Corporate Real Estate Management (CREM) in Malaysia. These best practices help organizations optimize the utilization of real estate assets to support core business activities. Additionally, they facilitate the transition from traditional real estate management to strategic management, enhancing corporate competitiveness. Background of Research: Corporate Real Estate Management (CREM) is still a relatively new concept in Malaysia and has not been widely embraced by corporate decision-makers. As a result, corporate real estate is often .........
Title : Competency Framework for The Property Management Industry Year : 2012Area : Real Estate Law And Policies (RELP)Project Leader : Professor Dr. Ting Kien HwaOrganization : UiTMAbstract :
The growth of information technology, the emergence of sustainability, and the increasingly competitive and complex property management business environment have changed the knowledge, technical skills, and competencies required of today's property management professionals. The competency requirements for a professional property manager include advanced technical knowledge, a good grasp of business operations, and a working knowledge of the real estate business environment. The ability to integrate different business concepts, apply sustainability principles, be cost-effective, and uphold .......
Title : Housing Development and Consumer Protection: A Study on The Problems of Late Delivery of Vacant Possession Year : 2012Area : Real Estate Law And Policies (RELP)Project Leader : Associate Professor Dr. Naemah AminOrganization : IIUMAbstract :
One of the main duties of the housing developer in Malaysia is to complete the construction of the house on time. Schedules G and H of the Housing Development (Control and Licensing) Act 1966 provides that the period of completion and handing over vacant possession for landed property is 24 months and for sub-divided building is 36 months. However, in practice, some buyers did not get the keys to their houses on time as a delay in completion of project has become a common phenomenon in the housing industry. Unlike other construction projects, any problems with housing projects will affect many ........
Title : Pembentukan Amalan Terbaik Pengurusan Penyelenggaraan Harta Tanah Kediaman Pihak Berkuasa TempatanYear : 2012Area : Real Estate Law And Policies (RELP)Project Leader : Dr. Shardy Bin Abdullah Organization : USMAbstract :
Di Malaysia, terdapat pelbagai masalah penyelenggaraan yang timbul disebabkan tidak terdapat garis panduan yang khusus untuk pengurusan penyelenggaraan. Oleh itu, kajian ini adalah satu usaha untuk membangunkan amalan terbaik bagi pengurusan penyelenggaraan perumahan awam, khususnya di Pihak Berkuasa Tempatan (PBT). Untuk mencapai tujuan tersebut, tiga (3) objektif telah disasarkan iaitu: 1. Mengenalpasti kelebihan dan kelemahan amalan pengurusan penyelenggaraan semasa harta tanah Pihak Berkuasa Tempatan (PBT), khususnya bagi perumahan awam yang ...........
Title : An Exploratory Study of The Best Practices of Dispute Resolution in Strata Titled Properties Management in MalaysiaYear : 2012Area : Real Estate Management And Service (REMS)Project Leader : Assoc. Prof. Dr. Nor Asiah Mohamad Organization : IIUMAbstract :
This research aims to find out whether the alternative dispute resolution (ADR), in particular mediation, would provide the best mechanism to resolve disputes involving strata properties in Malaysia. This research analyses various literatures including the statutes, case law, reports, conducts surveys, organizes focused group discussions, and seminars, learning from the best practices by comparing the practices and policies employed in other jurisdictions. The study reveals the various types and nature of disputes in strata management. Careful consideration of these findings has resulted in .......
Title : Context-Specific Information Delivery for Building Maintenance of Institutions of Higher Education in MalaysiaYear : 2012Area : Real Estate Management And Service (REMS)Project Leader : Dr. Mohamad Syazli Fathi Organization : UTMAbstract :
Buildings today, including institutions of higher education, have evolved to be more sophisticated in design and functionality. Building maintenance management system is very important in facilities management activities. Building maintenance management system helps the organization to develop the agreed services of the building which support and improve the effectiveness of its primary activities. Although this has brought about numerous benefits, it has also made building maintenance more complex. However, there are still unreported failures and lack of timely maintenance in any parts of the .........
Title : Design and Build Process and Maintainability of Public Hospital in Malaysia Year : 2012Area : Real Estate Management And Service (REMS)Project Leader : Professor Sr Dr. Mastura Jaafar@MustaphaOrganization : USMAbstract :
Design and build (DB) procurement system is heavily implemented in the construction of public building projects in Malaysia, especially on hospital projects. The DB process in Malaysia is different from what has been practiced in the UK. It entails hybrid procedures with a mix practice of traditional and modern procurement system. Hospital is a complex building that engages with a diverse range of people, equipment and systems. The building maintainability aspect has always been neglected at the design stage of project development, whereas issues related to maintainability had affected the performance .......
Title : Developing The Android and IOS Process of Real-Time Paperless, Intelligent Data Gathering for Real Estate Application Year : 2012Area : Real Estate Management And Service (REMS)Project Leader : Associate Professor Dr. Buang AliasOrganization : UTMAbstract :
Accurate and adequate data collection during property inspection is fundamental and a vital part of the property valuation process. During the inspection process, many elements will become apparent that may have an impact on the property value. Through proper inspection, we can capture information about the conditions and state of maintenance of the property, the type of furnished, the quality of finishes, whether any renovation has been carried out, any extension, and other relevant factors whether physical or non-physical, that can affect the value of the subject property.........
Title : The Extend of Green Practices in Property Management in MalaysiaYear : 2012Area : Real Estate Management And Service (REMS)Project Leader : Associate Professor Sr. Dr. Norhaya Kamarudin Organization : UTMAbstract :
The problem of decaying in environmental qualities of the urban areas suggests that buildings must be managed sustainably as they are the main contributor to carbon emissions. The sustainable move towards the practice of GPM requires all property and facilities managers to include in their management activities all aspects of green criteria. The aim of this research is to assess the green property management (GPM) for commercial buildings in Malaysia. In attaining this aim, there is a need to develop the framework for GPM assessment. The literature on the green management of property ...........
Title : Adopting Real Estate Valuation Methodology for Valuing Intellectual Property Rights (IPR)Year : 2012Area : Real Estate Valuation (REV)Project Leader : Dr. Fauziah Raji Organization : UTMAbstract :
Although Intellectual Property (IP) is an intangible, as it has no physical substance, in essence, it has qualities which make it tangible. Hence, like tangible property, IP can be sold or bought and rented out, and in addition to that, IP can be used as collateral for financing and refinancing purposes. IP has become highly marketable and has a position within a company's asset portfolio. Hence, the need to attach a value to an IP is gaining credence. Of more importance is to value the IP correctly. So far, patent attorneys, agents, and accountants are mainly involved in valuing IPs. In light of this, it is argued .......
Title : Development of Real Estate Data Management and Valuation System, Web-Based Year : 2012Area : Real Estate Valuation (REV)Project Leader : Associate Professor Dr. Buang Alias Organization : UTMAbstract :
Conventional valuation practices or just-in-time valuation tends to value properties individually, taking into consideration all relevant spatial and non-spatial attributes that, in their views, influence values. It is a time-consuming process due to limited human capacity when valuing a large number of properties, particularly for rating purposes. Since valuing properties for tax purposes is purely based on approximate assumptions, just-in-time simulation for forecasting with various values becomes unrealistic. Consequently, due to the increasing number of properties and similar types of properties within the .........
Title : Green Building Incentives Strategies for Property Tax AssessmentYear : 2011Area : Real Estate Development & Finance (REDF)Project Leader : Dr. Ibrahim SipanOrganization : UTMAbstract :
The aim of this research is to encourage the growth of retrofitted green building in Malaysia (through the merger and deployment of green components with existing building) by developing strategies for property tax incentives to be awarded to green building in Malaysia. The method used for this research included reviews of literatures on green components and property tax incentives model on green building. The data collections for this research consist of questionnaire surveys, interviews and focus group discussion among local authorities in Malaysia. .........
Title : Landscape Design as an Added Value to Real Estate Development in Klang ValleyYear : 2011Area : Real Estate Development & Finance (REDF)Project Leader : Dr. Mohd Ramzi Mohd Hussain Organization : IIUMAbstract :
The research evaluates the basic landscape requirements in residential areas by studying and identifying basic landscape preferences. The aim of the study is to investigate the importance of landscape design in the planning and designing of a residential property in Klang Valley. It has been proven that proper landscape planning and design with the sustainable concept and approach help to create conducive and responsive environment of residential properties. The research employed both qualitative and quantitative approaches which includes i) a questionnaire survey; ii) a semi-structured interview; and ...........
Title : An Analysis of Urban Poor and Housing Affordability in Kuala Lumpur, MalaysiaYear : 2011Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Dr. Aminah Md Yusof Organization : UTMAbstract :
Urban poor is related to capability, social exclusion, participation and consensus, human rights and best visualized as a relative to accessibility of house ownership in Malaysia. The research aims to redefine urban poverty in relation to house ownership in Kuala Lumpur, Malaysia. The research employs literature search and a survey undertaken on 939 respondents consisting of 25 to 30 year old working group. The respondents provided suitable cohort for house buyers or potential house buyers. The heterogeneity in connection with geography and isolation, race and ethnicity shown in literature review .......
Title : Spatio-Temporal Neighbourhood-Level House Price Index Incorporating Geographic Information System and Geographically Weighted Regression Year : 2011Area : Real Estate Valuation (REV)Project Leader : Dr. Ibrahim Atan Sipan & Professor Dr. Abdul Hamid Mar ImanOrganization : UTMAbstract :
Although Malaysian house price index (MHPI) is meant to be a general price indicator, the heterogeneity of property attributes will naturally result in spatio-temporal price differentials Because of its generality, MHPI is often not reflective of the local price for it does not cater for street level price differentials. Therefore, neighbourhood-level house price index is needed for a better understanding of the local housing market. The main objective of this study is to develop spatio temporal neighbourhood-level house price index (STNL-HPI) incorporating Geographic Information System (GIS) functionality that can .........
Title : Developing a Demand Forecasting Model for Offices in Kuala Lumpur Year : 2012Area : Real Estate Valuation (REV)Project Leader : Prof Dr Md Nasir bin Daud Organization : UMAbstract :
The aim of this research has been to develop a viable econometric model for forecasting office demand in Kuala Lumpur. A primary motivation was the recognition that it is desirable to generate the capability to forecast office space demand so as to facilitate the planning of its future supply, as is also alluded to by the Kuala Lumpur Structure Plan 2020. There has been a visible drift in the supply of new and quality office accommodations away from the old CBD area of Jalan Tuanku Abdul Rahman toward the new centre of gravitation of the Golden Triangle, particularly around the iconic Petronas Twin Towers, .......
Title : Tender Price Movements in the Malaysian Construction Industry, with Specific Reference to Housing Projects in The Klang ValleyYear : 2011Area : Real Estate Valuation (REV)Project Leader : Professor Sr. Dr. Khairuddin Abdul RashidOrganization : IIUMAbstract :
Research Problem: Debates on the continuous and upward increase in the selling price of houses continue unabated. However, very little has been said about construction costs of houses, such as, is the trend in construction costs of houses moving in similar patterns too? One way to understand it is through comparing and contrasting the construction costs index against the selling price index of housing projects. Aims and objectives: The aim of the study is to improve key stakeholders' understanding of the nature and extent to which future cost movements are likely to affect the overall costs of carrying out .........
Title : House Buyers' Preference of Housing Delivery Methods: The Choice Between Build Then Sell or Sell Then BuildYear : 2009Area : Real Estate Development & Finance (REDF)Project Leader : Dr. Mohd Wira Mohd ShafieiOrganization : USMAbstract :
The Malaysian housing development industry had grown by leaps and bounds since the birth of the independent nation in 1957. Within the context of free market economy, the Government had allowed the housing developers to chart their own path that can suit the demands of the Malaysian house buyers. Nevertheless, the activities of the players did not go unchecked. The developers had traditionally been regulated by the Ministry of Housing and Local Government and relevant legislations. The industry was progressing smoothly until the occurrence of economic recession in the 1980s. The sudden ...........
Title : The Impact of “MSMA (Manual Saliran Mesra Alam)” on Construction Costs – Small Scale DevelopmentYear : 2008Area : Real Estate Development & Finance (REDF)Project Leader : Abdul Naser Abdul Ghani Organization : USMAbstract :
In 2002, the Malaysian government has officially approved the Manual Saliran Mesra Alam (MSMA) to be used to regulate development w orks and to assist relevant parties tow ards achieving sustainable storm w ater management. The guideline is expected to be fully implemented ten years from the launching date. Tw o years away from the ten year period there are still a lot of questions, particularly about costs implications, as a result of the new guidelines. This study w as carried out to identify the typical MSMA components and its cost as opposed to the conventional drainage systems. The .......
Title : Investigating The Characteristics of Problematic Residential Properties at Public Auction Sales Using Multiple Regression Analysis (MRA)Year : 2008Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Zahiriah Yahya Organization : UMAbstract :
In line with the increase non-performing loan for the purchased of residential properties, an increasing number of residential properties go on auction in the market. The properties which are held as collaterals, are being auctioned off by financial institutions to recover the loans given to the purchasers. Typically, prices of properties offered for auction by financial institutions will be reduced by 10% after unsuccessful auction. However, many properties remained unsold despite being auctioned at a substantial discount from their market value. Unsuccessful auction sales of properties even after substantial price .........
Title : The Development of Quality Valuation Reports Framework in Malaysia Year : 2008Area : Real Estate Valuation (REV)Project Leader : Associate Professor Dr. David Martin Juanil Organization : UTHMAbstract :
The issue of professional valuation practice standards has recently been the focus of attention in many parts of the world. In particular, the issue of the quality of valuation reports has also been the focus of considerable international attention in recent years; particularly in Australia and the United Kingdom. This research seeks to assess whether external valuation client needs and expectations are being met concerning the quality of commercial property valuation reports in Malaysia. A property industry survey of major external users of commercial property valuation reports in Malaysia was conducted .......
Title : A Study on Affordable Housing Within the Middle Income Households in the Major Cities and Towns in MalaysiaYear : 2007Area : Real Estate Development & Finance (REDF)Project Leader : Dr Wan Nor Azriyati Wan Abd Aziz Organization : UMAbstract :
Housing forms one of the basic needs of human. Maslow’s Theory Hierarchy of Needs sees that housing forms the foremost important needs, in addition to security, food and others, at the lowest among the five levels. Acknowledging this importance, the Malaysian government has drawn various policies to facilitate homeownership. This has resulted in the housing industry to tremendously grow over the last 30 years through provision of housing to a large section of the population guided by the vision of “home owning democracy”. The growth of the Malaysian housing sector has been underpinned by the .........
Title : A Realistic Model to Determine Quantitative Housing Needs in MalaysiaYear : 2007Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Prof. Dr. Noor Sharipah Binti Sutan SidiOrganization : UTMAbstract :
Housing needs can be defined as the extent to which the quantity and quality of existing accommodation falls short of that required, to provide each household or person in the population irrespective of the ability to pay or of particular preferences, with accommodation of specified minimum standards (Needleman, L., 1965). The problem of housing overhang in Malaysia in the early 2000s raised the question on the accuracy of the methodology in determining housing needs in the country. In response, this research is aimed at critically analysing the housing needs assessment method towards ...........
Title : Developing the Matrix for Malaysia's Office Classification ModelYear : 2007Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Dr Ibrahim Mohd Ahmad Organization : UMAbstract :
The ability to perform accurate classification or grading of offices is important for the reliable assessment of office stock quality in Malaysia, research has been ongoing to develop an office classification framework of sufficient calibre to be adopted as a national standard. In the earlier phase, the research had sought to determine the appropriate criteria to be included in the framework, the challenge then was to arrive at the criteria that not only take cognisance of the practices in other countries but at the same time embrace local values and preferences in their details. That phase of the work having being .......
Title : Advances in Property Price Modeling Year : 2007Area : Real Estate Valuation (REV)Project Leader : Dr.Taher Buyong Organization : UPMAbstract :
Current trends in mass appraisal of properties are the use of the MRA model. MRA has severe limitations in that it ignores spatial dependence and spatial heterogeneity; two spatial effects inherent in property data. As a result, residuals of MRA display spatial autocorrelation and heteroscedasticity that violated the presumption of OLS estimation used in MRA and may lead to biased estimated coefficients. Consequently, the accuracy of predicted property prices may be questioned. Several advanced models have emerged that try to overcome the limitations of MRA that are grouped as spatial, local and .........
Title : Readiness of Private Housing Developers and Financial Institutions to the Build Then Sell ConceptYear : 2006Area : Real Estate Development & Finance (REDF)Project Leader : Associate Professor Dr. Nor ‘Aini YusofOrganization : USMAbstract :
This research assesses the readiness of private developers and financial institutions in Malaysia to implement or support Build Then Sell (BTS). A generic model of BTS readiness and factors influencing it, was developed to analyze the BTS readiness of developers and financial institutions in Malaysia. A questionnaire survey was carried out to assess developers readiness to implement BTS. Elite interviews were conducted to assess the readiness of financial institutions. Statistical analysis consisting of descriptive analysis, Pearson correlation analysis and multiple regression analysis was used to .......
Title : A Study on the Use of Asset-Backed Securities as an Alternative Debt Financing: An Examination on the Viability of Real Estate Securitization in MalaysiaYear : 2006Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Professor Dr. Rosalan Ali Organization : UiTMAbstract :
The main objectives of the study are to overview on the mechanics of real estate Asset-Backed Securities (ABS) as a form of debt financing and measure the ability of the original owners of real estate ABS to reduce their debt obligations and enhance their eaming capacities in the Malaysian capital market. All eight real estate ABS issues are covered since its introduction in 2002 to 2005, and their performances are measured based on their selected financial ratios for one year. before, during the year and one year after their issuance of ABS. Generally, the study meets the objective of the study with all .........
Title : Research on the Gated Community Housing Scheme for The Formulation of Appropriate LegislationYear : 2006Area : Real Estate Law And Policies (RELP)Project Leader : Sr. Dr. Azimuddin BahariOrganization : Ministry of Natural Resources and EnvironmentAbstract :
A trend that has emerged in housing development is the Gated Community Scheme (GACOS) Theoretically GACOS provides an image of security and privacy. These schemes are attracting a growing number of buyers with more and more developers building such communities. Despite the increasing popularity of GACOS in the country, there has been no study on their impact on society at large. GACOS projects usually have penmeter fencing and guarded entrances and this development has caused concern among some people who view it as a form of apartheid. One could argue that GACOS ...........
Title : The Role of Bumiputra Developers in Housing Development Industry Year : 2006Area : Real Estate Management And Service (REMS)Project Leader : Dr. Mastura Jaafar Organization : USMAbstract :
Since the colonization era, the immigrants from mainland China (and now their descendants) dominate the Malaysian housing industry. Their high entrepreneurial ethics stimulated early venture in all economic sectors to become dominant in business. To increase the participation of indigenous entrepreneurs in economic activities, Malaysian has practiced its own version of the affirmative policy since the 1970s which is known as National Economic Policy (NEP). Unlike other economic sectors such as construction, manufacturing and agriculture, the government has not provided special .......
Title : Developing a Contract Provision Framework for Outsourcing of Facilities ManagementYear : 2006Area : Real Estate Management And Service (REMS)Project Leader : Prof. Dr. Sr. Abdul Hakim Bin Mohammed Organization : UTMAbstract :
Previous researches show that outsourcing success depends on social as well as contractual relationships. However, none of the research sought the perception of the users, although it is users who ultimately judge the performance of the contractor. The initial stage of this study indicates that the users of outsourced facilities management services in public hospital are not satisfied with the performance of the contractor. Their complaints were pointed at the contract provisions that are not meeting their requirements and thwarting them from successfully performing their diagnostics and healthcare duties .........
Title : Privatisation of Housing Development - A Study on Goverment-Linked Companies (GLCS)Year : 2006Area : Real Estate Management And Service (REMS)Project Leader : Professor Dr. Sr. Abdul Rashid Abdul Aziz Organization : USMAbstract :
Astudy was conducted to examine housing public private partnerships (PPP) in Malaysia with specific reference to govemment agencies involved in housing development. These agencies include local authorities, state economic development corporations (SEDCs), regional authorities, Islamic councils, government-linked companies and ministry-owned organisations. The objectives of the research were (1), to determine the extensiveness and intensiveness of housing PPP during the 2000-2006 survey penod, (2) to ascertain the objectives of adopting housing PPP, (3) to identify the critical .......
Title : Development of Knowledge Management Strategies for Property Management Companies in MalaysiaYear : 2006Area : Real Estate Management And Service (REMS)Project Leader : Dr. Muhammad Najib Bin Mohamed Razali Organization : UTMAbstract :
The concept of knowledge management (KM) is a common concept in management theory. It has been practised in many fields such as business, human resource management, engineering, medical and science. Although it is a common concept in management, it can practically be implemented in property management industry particularly in Malaysia. The property market in Malaysia has shown a tremendous growth due to the strong economic growth. This has put Malaysian property market in the radar from the investors' point of view. From the global property performance, Malaysia contributes 0.7%.........
Title : Attributes Influencing Property Transaction in Heritage Cities: The Paradox of George Town and MalaccaYear : 2005Area : Real Estate Development & Finance (REDF)Project Leader : Dr. Lee Lik Meng Organization : USMAbstract :
A lot of effort is spent on the application for heritage city status by the interested cities. Other than the recognition and preservation of culture and environment, a city hoped that the inscription will bring economic returns and will be one of the main drivers of economic growth. The main expectation usually contred on increased tourism and the many spin-offs from tourism. However, does the designation of being a world heritage city only accord such a limited economic benefit? Studies from other countries have shown that properties in a heritage designated area have a higher value as compared ...........
Title : Modelling Locational Factors Using Geographic Information System Generated Value Response Surface Techniques to Explain and Predict Residential Property ValuesYear : 2005Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Dr. Abdul Hamid b. Hj. Mar Iman al-Murshid Organization : UTMAbstract :
Locational value residual surface (LVRS) techniques can be suggested as an altemative to resolving the difficulty in the traditional modelling of locational influence on property values in a particular area. The VRS can be generated using spatial interpolation techniques such as Inverse Distance Weighting (IDW) and kriging within a Geographical Information System (GIS). It is then incorporated into a regression model as a locational value adjustment factor. The objective of this paper is to compare the relative performance of models that apply LVRS and the traditional multiple regression models in the .......
Title : The Impact of Site Location on the Rental Value of Commercial Properties Using Spatial Analysis TechniqueYear : 2005Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Associate Professor Dr. Buang Alias Organization : UTMAbstract :
Research into the development of location specific valuation model is scarce and difficult The main aim of this study is to identify appropriates statistical model to be integrated with GIS in generating property values. Several statistical techniques were used amongst which includes Linear or OLS Regression Model, Geographically Weighted Regression (GWR) Model and Trend Surface Analysis (TSA) Model. The study initially identifies 17 variables such as road type, road direction, availability and proximity to car parks, schools, university, central business district, industrial area, construction site, shopping .........
Title : Housing Market Performance: A Comparative Study Between Malaysia, England and KoreaYear : 2005Area : Real Estate Law And Policies (RELP)Project Leader : Dr Zailan Binti Mohd IsaOrganization : JPPHAbstract :
After the 1997 Asian Financial Crisis, unsold housing issues emerged in the Malaysian property market. During the period 2002-2005, the unsold units made up between 21.6% and 32.6% of the total units launched into the market. These rates are rather alarming when compared to advanced countries by their standards. Housing supply far exceeded the targeted number of units identified in the Sixth Malaysia Plan. Despite this, developers continued to build. The objective of this study is to explore the underlying reasons for the unsold housing situation in Malaysia. It is to investigate as to why developers .......
Title : Export Capabilities of Malaysian Housing Developers in the Context of Globalisation and Liberalisation Year : 2004Area : Real Estate Development & Finance (REDF)Project Leader : Professor Dr. Abdul Rashid Abdul Aziz Organization : USMAbstract :
Globally, the housing sector is now characterised by cross-border operations of operators. Perhaps for the first time, a study was conducted to examine the internationalisation of housing developers from Malaysia. Its purpose was to determine the export capabilities of Malaysian housing developers and to investigate and understand those significant factors that enable them to be competitive internationally. Data was collected from internationally-experienced Malaysian housing developers through postal questionnaire survey, interviews and secondary data. The findings show that these housing developers .........
Title : Globalisation of Real Estate Market and Its Impact on Institutional and Urban Change in Klang ValleyYear : 2004Area : Real Estate Development & Finance (REDF)Project Leader : Associate Prof. Sr. Dr. Norhaya Bt Kamarudin Organization : UTMAbstract :
The most important message emanating from this research is to confirm the central role of institutions in the economic development and competitive position in Klang Valley cities in the world economy. In Malaysia a clear definition and openness of the intended goals for the country, along with the initiatives that are made available to both public and private organisations through a focused, harmonised, transparent and accountable institutions structure has allowed the regulations and business markets to align their interest. Active feedback with the international business in developing policies has ...........
Title : Managing High-Rise Residential Building in Malaysia: Where Are We? Year : 2003Area : Real Estate Development & Finance (REDF)Project Leader : Associate Professor Dr. Tiun Ling Ta Organization : USMAbstract :
High-rise residential property management sector in Malaysia is still at an infancy stage. Clear and standard qualification to determine a qualified property manager or managing agent and how to ensure that high-rise residential properties are managed in a professional manner has yet to be established. The management agents in charge of property management are also lacking in professionalism. However most parcel owners do not realize the importance of good property management until their building and common facilities are deteriorating, which are already too late. Based on surveys conducted in .......
Title : Corporate Real Estate Investment & Ownership: Empirical Evidence from Bursa Malaysia Listed Companies Year : 2003Area : Real Estate Industry & Analysis Studies (REIAS)Project Leader : Associate Professor Dr. Ting Kien Hwa Organization : UiTMAbstract :
This study examines the extent of corporate real estate holdings by corporate non-property companies listed on Bursa Malaysia for the 1993 to 2001 period. Several asset and capital structure ratios are used to determine the extent of real estate ownership. The results of this study provided strong evidence that corporate real estate is a significant asset in the balance sheets of Malaysian listed companies. On average real estate comprises 24.6% of net tangible assets, 22.8% of shareholders’ equity, 23.9% of market capitalization, 16.8% of total capital employed and 13.9% of total tangible assets of listed .........
Title : Research Into the Formulation of The National Land Policy of Malaysia Year : 2003Area : Real Estate Law And Policies (RELP)Project Leader : Dr Zailan Binti Mohd IsaOrganization : JKPTGAbstract :
Penglibatan Malaysia dalam setiap program dan persidangan alam sekitar di peringkat antarabangsa membuktikan bahawa kerajaan komited dalam mengimbangi pembangunan ekonomi dengan pemeliharaan dan pemuliharaan alam sekitar. Di antara penglibatan terpenting negara adalah melalui Sidang Kemuncak Bumi Rio (Deklarasi Rio) di mana Malaysia bersama 179 buah negara anggota lain telah bersetuju menerimapakai rangka tindakan pengawalan alam sekitar yang turut mencetuskan Agenda 21 sebagai suatu program yang harus dilaksanakan dalam menjayakan pembangunan lestari .......
Title : Pembangunan Sistem Pengurusan Harta untuk Pihak Berkuasa Tempatan di Malaysia Year : 2003Area : Real Estate Management And Service (REMS)Project Leader : Dr. Dzurllkanian @ Zulkarnain bin DaudOrganization : UTMAbstract :
Penggunaan teknologi komputer dalam bidang harta tanah masih pada tahap yang sangat rendah di Majlis-Majlis Kerajaan Tempatan (PBT) di Malaysia tetapi potensinya adalah sangat besar. Kajian yang dijalankan ini bertujuan untuk membangunkan satu Sistem Pengurusan Harta Tanah (PMS) sebagai perintis dalam membangunkan sistem-sistem maklumat berkomputer kerana terdapat permintaan daripada Majlis-majlis PBT. Bagi membangunkan sistem ini, kajian keperluan pengguna telah dilakukan dengan mengadakan temubual dengan pegawai-pegawai pengurusan hartatanah di beberapa buah .........
Title : Malaysian Housing Investment Information Price ModellingYear : 2003Area : Real Estate Valuation (REV)Project Leader : Assoc. Prof.Aminah Md Yusof Organization : UTMAbstract :
Research on housing set out for various reasons but the focus of all research lies in the three main traits: price, affordability and ownership. Whilst affordability captures the attention of social scientist, an interest in property investment identifies price determinants and what actually paid for a house and whether the decision to invest in housing is guided by sufficient information. This research aims at analyzing the impact of macro and micro determinant of house price in five selected location in Malaysia. A literature review reveals that house price is determined by an inter play of some macro factors ...........
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