Hamdi Abdul Hamid, N. Darwin, Masfaliza Mohsen, Norhidayah Md. Yunus, A. Ismail, Mohd Farid Mohd Ariff, Z. Majid
The coastal area hosts significant economic activity with some of the highest property values, which the government and private investors aim to maintain and secure their interests. Yet, this area presented a growing risk to coastal properties' value because the land and structural attributes are vulnerable to erosion. Few empirical studies have included erosion rate besides the land attribute and reclamation in analysing its impact on the value of coastal land, especially in Malaysia. Hence, this study aims to derive a coastal erosion formula for valuing the coastal land values in Malaysia. Taman Alai Perdana (Crystal Bay), Melaka, was selected as a case study area for investigating formula derivation. Based on the formula derivation, the findings have determined that significant property values were affected by erosion in the study area. Using property One (1) in Crystal Bay Alai, Melaka, as an example, with a land area of 632m2, it was valued at RM163286.26 or RM236.81/m2 before formula application. Then, by applying the formula for the same property, considering the identified area erosion rate of -1.41m required a reclamation width of 2.5m to rectify the erosion. So, a value of RM163,286.26 with a difference of RM13,625.00 was determined. Hence, the study has determined reclamation and erosion rate should be included in the coastal land valuation.
{"title":"A COASTAL EROSION DERIVATION FORMULA FOR VALUING THE COASTAL LAND VALUES IN MALAYSIA","authors":"Hamdi Abdul Hamid, N. Darwin, Masfaliza Mohsen, Norhidayah Md. Yunus, A. Ismail, Mohd Farid Mohd Ariff, Z. Majid","doi":"10.21837/pm.v21i27.1292","DOIUrl":"https://doi.org/10.21837/pm.v21i27.1292","url":null,"abstract":"The coastal area hosts significant economic activity with some of the highest property values, which the government and private investors aim to maintain and secure their interests. Yet, this area presented a growing risk to coastal properties' value because the land and structural attributes are vulnerable to erosion. Few empirical studies have included erosion rate besides the land attribute and reclamation in analysing its impact on the value of coastal land, especially in Malaysia. Hence, this study aims to derive a coastal erosion formula for valuing the coastal land values in Malaysia. Taman Alai Perdana (Crystal Bay), Melaka, was selected as a case study area for investigating formula derivation. Based on the formula derivation, the findings have determined that significant property values were affected by erosion in the study area. Using property One (1) in Crystal Bay Alai, Melaka, as an example, with a land area of 632m2, it was valued at RM163286.26 or RM236.81/m2 before formula application. Then, by applying the formula for the same property, considering the identified area erosion rate of -1.41m required a reclamation width of 2.5m to rectify the erosion. So, a value of RM163,286.26 with a difference of RM13,625.00 was determined. Hence, the study has determined reclamation and erosion rate should be included in the coastal land valuation.","PeriodicalId":38852,"journal":{"name":"Planning Malaysia","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85171216","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Suhana Ismail, Azima Abdul Manaf, M. Hussain, Zainudin Awang, Fatin Umaira Muhamad Azian, Noviatin Syarifuddin
Home is a basic human need. Every year, the government is responsible for enacting a more sustainable and inclusive housing policy to ensure the adequate provision, quality and affordable housing to meet the needs of the growing sustainable communities. The aim of the current research is to analyse affordability as a mediator in the relationship between economic, social and environmental factors towards the need for home ownership among civil servants in Klang Valley. Path Analysis and Boostrapping through Structural Equation Modelling (SEM) are used to see the relationship and influence between sustainability and affordability variables. There is a significant relationship between all elements of affordability with economic, social and environmental factors. Mediation effect (mediator) for the element of affordability that is tested in the construct relationship between economic, social and environmental factors on the need for home ownership. Finally, this study succeeded in forming a sustainable affordable structural model in home ownership.
{"title":"SUSTAINABLE AFFORDABLE STRUCTURAL MODEL IN HOME OWNERSHIP","authors":"Suhana Ismail, Azima Abdul Manaf, M. Hussain, Zainudin Awang, Fatin Umaira Muhamad Azian, Noviatin Syarifuddin","doi":"10.21837/pm.v21i27.1308","DOIUrl":"https://doi.org/10.21837/pm.v21i27.1308","url":null,"abstract":"Home is a basic human need. Every year, the government is responsible for enacting a more sustainable and inclusive housing policy to ensure the adequate provision, quality and affordable housing to meet the needs of the growing sustainable communities. The aim of the current research is to analyse affordability as a mediator in the relationship between economic, social and environmental factors towards the need for home ownership among civil servants in Klang Valley. Path Analysis and Boostrapping through Structural Equation Modelling (SEM) are used to see the relationship and influence between sustainability and affordability variables. There is a significant relationship between all elements of affordability with economic, social and environmental factors. Mediation effect (mediator) for the element of affordability that is tested in the construct relationship between economic, social and environmental factors on the need for home ownership. Finally, this study succeeded in forming a sustainable affordable structural model in home ownership.","PeriodicalId":38852,"journal":{"name":"Planning Malaysia","volume":"2013 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87914452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
S. Z. Daud, I. Sipan, Hishamuddin Mohd Ali, Nor Fatimah Abd Hamid
The impact of Urban Riverfront Development (URD) affords an increasing of value for adjacent industrial properties within riverfront area. However, the impacts in terms of percentage of increment value, radius of impact coverage, distribution of industrial properties that effected by URD are difficult to be evaluated without using an appropriate tool. Hence, this study evaluates the impact of URD on industrial property market value aided by Geographic Information System (GIS). Therefore, Melaka River, Malaysia has been chosen as a case study to evaluate the impact of URD towards industrial property market value for adjacent properties within riverfront area. The result shows there is 14.13% of increment of market value for adjacent 1.5-storey factories located within 300-meter radius from URD. The result discovered that there is positive effect on increment market value for the industrial properties within URD area.
{"title":"THE IMPACT OF URBAN RIVERFRONT DEVELOPMENT ON INDUSTRIAL PROPERTY MARKET VALUE: A GIS APPLICATION","authors":"S. Z. Daud, I. Sipan, Hishamuddin Mohd Ali, Nor Fatimah Abd Hamid","doi":"10.21837/pm.v21i27.1302","DOIUrl":"https://doi.org/10.21837/pm.v21i27.1302","url":null,"abstract":"The impact of Urban Riverfront Development (URD) affords an increasing of value for adjacent industrial properties within riverfront area. However, the impacts in terms of percentage of increment value, radius of impact coverage, distribution of industrial properties that effected by URD are difficult to be evaluated without using an appropriate tool. Hence, this study evaluates the impact of URD on industrial property market value aided by Geographic Information System (GIS). Therefore, Melaka River, Malaysia has been chosen as a case study to evaluate the impact of URD towards industrial property market value for adjacent properties within riverfront area. The result shows there is 14.13% of increment of market value for adjacent 1.5-storey factories located within 300-meter radius from URD. The result discovered that there is positive effect on increment market value for the industrial properties within URD area.","PeriodicalId":38852,"journal":{"name":"Planning Malaysia","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91150011","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Ismail, Siti Nur Adila Mamat @ Ghazali, Wilson Rangga Anthony Jiram
A house as a place of residence plays an important role towards sustainable development and in improving the wellbeing of the population. The issue of housing, especially the supply and demand of low and low-medium cost housing in cities, rising house prices, quality of housing as well as housing stress has shown that housing is a critical issue that must be addressed. Housing stress usually refers to financial constraints, the reason for the inability to manage the cost of home ownership and housing expenses. Yet financial burden is not the only factor that can contribute to housing stress. There are two types of housing stress, namely physical and emotional factors that may impact negatively on the lives of residents. This paper discusses the affordability housing stress among the middle-income group (M40) that may contribute to housing stress based on a survey of 100 residents of the M40 group in Johor Bahru. The paper discusses the ability of households to rent or buy a house by considering affordable prices, the ability to repay financing, and sufficient income to meet the basic needs of life and a household.
{"title":"HOUSING AFFORDABILITY STRESS AMONG THE MIDDLE- INCOME (M40) GROUP IN JOHOR BAHRU","authors":"A. Ismail, Siti Nur Adila Mamat @ Ghazali, Wilson Rangga Anthony Jiram","doi":"10.21837/pm.v21i27.1296","DOIUrl":"https://doi.org/10.21837/pm.v21i27.1296","url":null,"abstract":"A house as a place of residence plays an important role towards sustainable development and in improving the wellbeing of the population. The issue of housing, especially the supply and demand of low and low-medium cost housing in cities, rising house prices, quality of housing as well as housing stress has shown that housing is a critical issue that must be addressed. Housing stress usually refers to financial constraints, the reason for the inability to manage the cost of home ownership and housing expenses. Yet financial burden is not the only factor that can contribute to housing stress. There are two types of housing stress, namely physical and emotional factors that may impact negatively on the lives of residents. This paper discusses the affordability housing stress among the middle-income group (M40) that may contribute to housing stress based on a survey of 100 residents of the M40 group in Johor Bahru. The paper discusses the ability of households to rent or buy a house by considering affordable prices, the ability to repay financing, and sufficient income to meet the basic needs of life and a household.","PeriodicalId":38852,"journal":{"name":"Planning Malaysia","volume":"19 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82552668","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The need for urban consolidation is very necessary in helping the cities to be more dynamic in term of transformation, transparency and technology. Although the role of strata buildings in Malaysia is increasing, nevertheless this issue has been less explored. The continuous growth of strata buildings indicates the need for effective property management system that promotes and nurtures value that would create high quality of living. Currently, none of Malaysia’s city is listed in the City Momentum Index; which one of the criteria is strong governance and planning. Therefore, the need for strata building for urban consolidation is vital for governance and management in practice. The underpinning of this study is to assess the current law and practice at federal level and evaluate with the industrial practice. A key component of this research is to formulate the best practice of governance in term of policy for strata buildings in Malaysia. The issues that circling the governance matters will be identified and further researched. Moreover, the effectiveness of Strata Title Act 1985 (Act 318) and Strata Management Act 2013 (Act 757) are also needed to be evaluated in the current practice of strata buildings in Malaysia. Furthermore, the role of Commissioner of Buildings, Joint Management Body and developer as administrator who bears the responsibility to carry out the provisions of the Act also need to reconcile to ensure good governance of strata buildings in Malaysia.
为了帮助城市在转型、透明度和技术方面更具活力，城市整合的需求是非常必要的。虽然地层建筑在马来西亚的作用越来越大，但这个问题却很少被探讨。分层建筑的持续增长表明需要有效的物业管理系统，以促进和培育价值，创造高质量的生活。目前，马来西亚没有一个城市被列入城市发展势头指数;其中一个标准是强大的治理和计划。因此，在实践中，城市整治需要分层建设，对治理和管理至关重要。本研究的基础是评估联邦层面的现行法律和实践，并结合行业实践进行评估。本研究的一个关键组成部分是制定马来西亚分层建筑政策方面的治理最佳实践。围绕治理问题的问题将被识别并进一步研究。此外，1985年Strata Title Act(第318号法令)和2013年Strata Management Act(第757号法令)的有效性也需要在马来西亚目前的分层建筑实践中进行评估。此外，建筑专员、联合管理机构和作为行政管理人的开发商的角色也需要协调一致，以确保马来西亚分层建筑的良好治理。
{"title":"GOVERNANCE OF STRATA BUILDINGS FOR URBAN CONSOLIDATION IN MALAYSIA","authors":"Kodieswary Radha, Muhammad Najib Razali","doi":"10.21837/pm.v21i27.1298","DOIUrl":"https://doi.org/10.21837/pm.v21i27.1298","url":null,"abstract":"The need for urban consolidation is very necessary in helping the cities to be more dynamic in term of transformation, transparency and technology. Although the role of strata buildings in Malaysia is increasing, nevertheless this issue has been less explored. The continuous growth of strata buildings indicates the need for effective property management system that promotes and nurtures value that would create high quality of living. Currently, none of Malaysia’s city is listed in the City Momentum Index; which one of the criteria is strong governance and planning. Therefore, the need for strata building for urban consolidation is vital for governance and management in practice. The underpinning of this study is to assess the current law and practice at federal level and evaluate with the industrial practice. A key component of this research is to formulate the best practice of governance in term of policy for strata buildings in Malaysia. The issues that circling the governance matters will be identified and further researched. Moreover, the effectiveness of Strata Title Act 1985 (Act 318) and Strata Management Act 2013 (Act 757) are also needed to be evaluated in the current practice of strata buildings in Malaysia. Furthermore, the role of Commissioner of Buildings, Joint Management Body and developer as administrator who bears the responsibility to carry out the provisions of the Act also need to reconcile to ensure good governance of strata buildings in Malaysia.","PeriodicalId":38852,"journal":{"name":"Planning Malaysia","volume":"66 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72404223","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Muhamad Norfiqiri Abd Hamid, Norhidayah Md. Yunus, N. Berahim, A. Zainudin, Hishamuddin Mohd Ali, M. Najib, M. Razali, Nurul Syakima Mohd Yusoff, Fatin Afiqah Md. Azmi
The topic of idle land, especially in agriculture, seems to have a consequence on both agricultural production and land utilization. Malaysia's government normally takes a diplomatic approach to idle land concerns, providing financial assistance, facilities, and agricultural input to urge landowners to develop the idle lands. Actual studies on the global scale, however, indicated that certain countries took a tough stance by implementing the idle land tax. Hence, the aim of the research is to look into nine countries' idle land taxation implementation. Secondary data were analysed using comparative and thematic analysis to examine the key aspects of idle land tax application. The study identified five fundamental aspects that are critical to the application of idle land taxes. Based on these findings, Malaysia now has new options for idle land enforcement that it may adopt in the future if diplomatic strategies no longer have an influence on Malaysia's approaches to overcome idle agriculture land issues.
{"title":"TAXATION AS AN ALTERNATIVE TO ENCOURAGE IDLE LAND DEVELOPMENT","authors":"Muhamad Norfiqiri Abd Hamid, Norhidayah Md. Yunus, N. Berahim, A. Zainudin, Hishamuddin Mohd Ali, M. Najib, M. Razali, Nurul Syakima Mohd Yusoff, Fatin Afiqah Md. Azmi","doi":"10.21837/pm.v21i27.1289","DOIUrl":"https://doi.org/10.21837/pm.v21i27.1289","url":null,"abstract":"The topic of idle land, especially in agriculture, seems to have a consequence on both agricultural production and land utilization. Malaysia's government normally takes a diplomatic approach to idle land concerns, providing financial assistance, facilities, and agricultural input to urge landowners to develop the idle lands. Actual studies on the global scale, however, indicated that certain countries took a tough stance by implementing the idle land tax. Hence, the aim of the research is to look into nine countries' idle land taxation implementation. Secondary data were analysed using comparative and thematic analysis to examine the key aspects of idle land tax application. The study identified five fundamental aspects that are critical to the application of idle land taxes. Based on these findings, Malaysia now has new options for idle land enforcement that it may adopt in the future if diplomatic strategies no longer have an influence on Malaysia's approaches to overcome idle agriculture land issues.","PeriodicalId":38852,"journal":{"name":"Planning Malaysia","volume":"255 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72407426","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
F. Mohamad Hamzah, Mohd Khairul Azhar Mat Sulaiman, Z. Harun, Azwan Kamari, Muhammad Zaki Abd Manaf
The current global temperature rise has affected local climate change issues and increased the energy usage for the building cooling process. Following this, the roof components have been identified to contribute 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. As an alternative, the green roof concept approach potentially reduces the effects of internal heat and operating costs of cooling the building while providing an investment return for the desired period. This study aims to measure the level of effectiveness of the building green roof concept on the building cooling rate and its profitability implications. Two objectives have been set. First, to compare the effects of concrete and green roof applications on energy consumption and operating costs for the cooling effects of air-conditioned buildings (active systems). Second, to evaluate the maintenance cost and profitability of applying the green-roofed building concept in terms of periodic return on investment. The findings of this study are seen to help the government and relevant agencies consider using the green roof concept in the physical construction of buildings in the future.
{"title":"ASSESSMENT OF ECONOMIC WORTH OF GREEN ROOF: A CASE STUDY IN PUTRAJAYA","authors":"F. Mohamad Hamzah, Mohd Khairul Azhar Mat Sulaiman, Z. Harun, Azwan Kamari, Muhammad Zaki Abd Manaf","doi":"10.21837/pm.v21i27.1301","DOIUrl":"https://doi.org/10.21837/pm.v21i27.1301","url":null,"abstract":"The current global temperature rise has affected local climate change issues and increased the energy usage for the building cooling process. Following this, the roof components have been identified to contribute 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. As an alternative, the green roof concept approach potentially reduces the effects of internal heat and operating costs of cooling the building while providing an investment return for the desired period. This study aims to measure the level of effectiveness of the building green roof concept on the building cooling rate and its profitability implications. Two objectives have been set. First, to compare the effects of concrete and green roof applications on energy consumption and operating costs for the cooling effects of air-conditioned buildings (active systems). Second, to evaluate the maintenance cost and profitability of applying the green-roofed building concept in terms of periodic return on investment. The findings of this study are seen to help the government and relevant agencies consider using the green roof concept in the physical construction of buildings in the future.","PeriodicalId":38852,"journal":{"name":"Planning Malaysia","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74586912","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ahmad Faisal Ahmad Shayuti, Muhammad Najib Razal, Farin Ain Ismail Kassim, Rohaya Abdul Jalil
The consequences of the coronavirus disease 2019 (COVID-19) pandemic on commercial real estate pricing are examined in this article, with a focus on the Malaysian market. It begins by pointing out certain cautions to keep in mind while using direct real estate indices. The authors then look at how commercial real estate prices changed during the epidemic, highlighting disparities between property kinds. This study uses data from both direct and listed real estate to achieve this goal and goes on to explore changes in the primary elements driving commercial real estate pricing. The essay then moves on to the expected future trajectory of commercial real estate values. Retail and hospitality assets, as well as, to a lesser extent, office buildings, were shown to be the most affected by the findings.
{"title":"COMMERCIAL REAL ESTATE PRICES IN MALAYSIA AND COVID-19","authors":"Ahmad Faisal Ahmad Shayuti, Muhammad Najib Razal, Farin Ain Ismail Kassim, Rohaya Abdul Jalil","doi":"10.21837/pm.v21i27.1284","DOIUrl":"https://doi.org/10.21837/pm.v21i27.1284","url":null,"abstract":"The consequences of the coronavirus disease 2019 (COVID-19) pandemic on commercial real estate pricing are examined in this article, with a focus on the Malaysian market. It begins by pointing out certain cautions to keep in mind while using direct real estate indices. The authors then look at how commercial real estate prices changed during the epidemic, highlighting disparities between property kinds. This study uses data from both direct and listed real estate to achieve this goal and goes on to explore changes in the primary elements driving commercial real estate pricing. The essay then moves on to the expected future trajectory of commercial real estate values. Retail and hospitality assets, as well as, to a lesser extent, office buildings, were shown to be the most affected by the findings.","PeriodicalId":38852,"journal":{"name":"Planning Malaysia","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84071966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
B. Din, Halimah Abdul Manaf, Rohafiz Sabar, N. Anuar, A. A. Osman
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 shown that there were significant differences in travel behaviour patterns (companions, frequencies, and walking durations) with respect to respondents’ travel purposes. Moreover, it was revealed that land-use diversity and walkable design as important TOD principles that contribute to their quality of life. The findings of this research would serve as a base but critical information to direct future National Estate Development Plan.
{"title":"ASSESSING THE IMPACT OF TRANSIT-ORIENTED DEVELOPMENT ON RESIDENTS’ QUALITY OF LIFE IN NORTHERN MALAYSIA","authors":"B. Din, Halimah Abdul Manaf, Rohafiz Sabar, N. Anuar, A. A. Osman","doi":"10.21837/pm.v21i27.1291","DOIUrl":"https://doi.org/10.21837/pm.v21i27.1291","url":null,"abstract":"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 shown that there were significant differences in travel behaviour patterns (companions, frequencies, and walking durations) with respect to respondents’ travel purposes. Moreover, it was revealed that land-use diversity and walkable design as important TOD principles that contribute to their quality of life. The findings of this research would serve as a base but critical information to direct future National Estate Development Plan.","PeriodicalId":38852,"journal":{"name":"Planning Malaysia","volume":"777 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90300351","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Penny Goh Pei Nei, Siti Uzairiah Mohd Tobi, T. H. Jasimin
This paper focuses on the review of risk management in Rent to Own (RTO) scheme in Malaysia. The objectives are to review the risk management factors in RTO scheme and the strategies to overcome the risk. This study employs a desktop study by collecting the research papers and data in the online databases. RTO Scheme is a concept that employs the rental market like Private Rented Sector (PRS) in the properties that allows ownership after the tenancy period has been expired. The RTO scheme is a type of financial schemes that allows property leasing for between twelve (12) months to five (5) years and ownership upon the maturity of the leasing period. This is an initiative by the Economic Planning Unit (EPU) and the Ministry of Housing and Local Government (MHLG) to implementing the National Housing Policy 2018-2025. The RTO scheme is for home buyers to have financial planning to rent before they buy. The calculation of the mortgage loan for RTO Scheme is based on the rental income and the rental deposit. Additionally, preliminary case study has been conducted to the RTO schemes through onsite and interview with the Developer. The results are to review the risk factors in the RTO Scheme and the marketing strategies. The outcomes of the research are to give input to the house buyers to be confident to buy houses under the RTO Scheme.
{"title":"REVIEW OF RISK MANAGEMENT IN RENT TO OWN (RTO) SCHEME IN MALAYSIA","authors":"Penny Goh Pei Nei, Siti Uzairiah Mohd Tobi, T. H. Jasimin","doi":"10.21837/pm.v21i27.1297","DOIUrl":"https://doi.org/10.21837/pm.v21i27.1297","url":null,"abstract":"This paper focuses on the review of risk management in Rent to Own (RTO) scheme in Malaysia. The objectives are to review the risk management factors in RTO scheme and the strategies to overcome the risk. This study employs a desktop study by collecting the research papers and data in the online databases. RTO Scheme is a concept that employs the rental market like Private Rented Sector (PRS) in the properties that allows ownership after the tenancy period has been expired. The RTO scheme is a type of financial schemes that allows property leasing for between twelve (12) months to five (5) years and ownership upon the maturity of the leasing period. This is an initiative by the Economic Planning Unit (EPU) and the Ministry of Housing and Local Government (MHLG) to implementing the National Housing Policy 2018-2025. The RTO scheme is for home buyers to have financial planning to rent before they buy. The calculation of the mortgage loan for RTO Scheme is based on the rental income and the rental deposit. Additionally, preliminary case study has been conducted to the RTO schemes through onsite and interview with the Developer. The results are to review the risk factors in the RTO Scheme and the marketing strategies. The outcomes of the research are to give input to the house buyers to be confident to buy houses under the RTO Scheme.","PeriodicalId":38852,"journal":{"name":"Planning Malaysia","volume":"24 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90302352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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