Application of GIS to Measure The Impact of Green Lungs in Urban

 APPLICATION OF GIS TO MEASURE THE IMPACT OF GREEN LUNGS IN URBAN HOUSING MARKET

Assoc  Prof.  Dr. Sr. Noor Rosly Hanif (Leader)

Dr. Rosilawati Zainol

Assoc  Prof Dr. Sr. Wan Nor Azriyati Wan Abd Aziz

Sr. Abdul Ghani Sarip

[Universiti Malaya (UM)]

ABSTRACT

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 authorities; which are Taman Tasik Bandar Sri Permaisuri under DBKL, Taman Botani Negara Shah Alam under MBSA. Our focus in this research has been the impact of green lungs based on the three level of parks hierarchy namely Neighbourhood Park, Local Park, and Regional Park. This study developed a functional spatial hedonic price (spatial HPM) model that constitutes element of neighbourhood and environmental attributes that could capture the impact of green lungs on property value. The researchers found that green lungs have a positive externality and result in higher house prices in the neighbourhood. Furthermore, people distinguish between green space in the close vicinity of their house and within walking distance in their neghbourhood. Subsequently, there is a reduction in price when a house is located further away from the park (1.3km radius). Besides that, people value being close to park amenities but do not value close proximity more highly.  Home buyers value the advantage of being close to a park but what the results in this research emphasis is that home buyers place even more importance on having a certain level  of "greenness"  outside their property and also neghbourhood. The findings of this study may have implications for sustaining green and parks towards property market value. This is significant to property developers who increasingly see green residential areas as a pull factor, as well as government bodies responsible for the development and management of green infrastructure in Malaysian cities.