A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia

Presently, it is noticeable that there is a significant influence of public open space about house price, especially in many developed nations. Literature suggests the relationship between the two aspects give impact on the housing market, however not many studies undertaken in Malaysia. Thus, this...

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Main Authors:	Asmawi, M. Zainora, Mohd. Noor, Norzailawati, Paiman, Tuminah
Format:	Conference or Workshop Item
Language:	English English English
Published:	International Society for Photogrammetry and Remote Sensing 2016
Subjects:	T10.5 Communication of technical information
Online Access:	http://irep.iium.edu.my/52220/ http://irep.iium.edu.my/52220/ http://irep.iium.edu.my/52220/ http://irep.iium.edu.my/52220/1/isprs-archives-XLI-B8-829-2016.pdf http://irep.iium.edu.my/52220/9/52220_spatial%20analysis_scopus.pdf http://irep.iium.edu.my/52220/14/board%20ISPRS%20zainora%20et%20al..pdf

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spelling	iium-522202017-04-21T09:01:44Z http://irep.iium.edu.my/52220/ A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia Asmawi, M. Zainora Mohd. Noor, Norzailawati Paiman, Tuminah T10.5 Communication of technical information Presently, it is noticeable that there is a significant influence of public open space about house price, especially in many developed nations. Literature suggests the relationship between the two aspects give impact on the housing market, however not many studies undertaken in Malaysia. Thus, this research was initiated to analyse the relationship of open space and house price via the techniques of GIS-Hedonic Pricing Model. In this regards, the GIS tool indicates the pattern of the relationship between open space and house price spatially. Meanwhile, Hedonic Pricing Model demonstrates the index of the selected criteria in determining the housing price. This research is a perceptual study of 200 respondents who were the house owners of double-storey terrace houses in four townships, namely Bandar Baru Bangi, Taman Melawati, Subang Jaya and Shah Alam, in Klang Valley. The key research question is whether the relationship between open space and house price exists and the nature of its pattern and intensity. The findings indicate that there is a positive correlation between open space and house price. Correlation analysis reveals that a weak relationship (rs < 0.1) established between the variable of open space and house price (rs = 0.91, N = 200, p = 0.2). Consequently, the rate of house price change is rather small. In overall, this research has achieved its research aims and thus, offers the value added in applying the GIS-Hedonic pricing model in analysing the influence of open space to the house price in the form of spatially and textually International Society for Photogrammetry and Remote Sensing 2016-06-23 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/52220/1/isprs-archives-XLI-B8-829-2016.pdf application/pdf en http://irep.iium.edu.my/52220/9/52220_spatial%20analysis_scopus.pdf application/pdf en http://irep.iium.edu.my/52220/14/board%20ISPRS%20zainora%20et%20al..pdf Asmawi, M. Zainora and Mohd. Noor, Norzailawati and Paiman, Tuminah (2016) A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia. In: 23rd International Archives of the Photogrammetry, Remote Sensing and Spatial Information Sciences Congress, ISPRS 2016, 12-19 jul 2016, Praque. http://www.int-arch-photogramm-remote-sens-spatial-inf-sci.net/XLI-B8/829/2016/isprs-archives-XLI-B8-829-2016.pdf doi:10.5194/isprsarchives-XLI-B8-829-2016
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	T10.5 Communication of technical information
spellingShingle	T10.5 Communication of technical information Asmawi, M. Zainora Mohd. Noor, Norzailawati Paiman, Tuminah A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
description	Presently, it is noticeable that there is a significant influence of public open space about house price, especially in many developed nations. Literature suggests the relationship between the two aspects give impact on the housing market, however not many studies undertaken in Malaysia. Thus, this research was initiated to analyse the relationship of open space and house price via the techniques of GIS-Hedonic Pricing Model. In this regards, the GIS tool indicates the pattern of the relationship between open space and house price spatially. Meanwhile, Hedonic Pricing Model demonstrates the index of the selected criteria in determining the housing price. This research is a perceptual study of 200 respondents who were the house owners of double-storey terrace houses in four townships, namely Bandar Baru Bangi, Taman Melawati, Subang Jaya and Shah Alam, in Klang Valley. The key research question is whether the relationship between open space and house price exists and the nature of its pattern and intensity. The findings indicate that there is a positive correlation between open space and house price. Correlation analysis reveals that a weak relationship (rs < 0.1) established between the variable of open space and house price (rs = 0.91, N = 200, p = 0.2). Consequently, the rate of house price change is rather small. In overall, this research has achieved its research aims and thus, offers the value added in applying the GIS-Hedonic pricing model in analysing the influence of open space to the house price in the form of spatially and textually
format	Conference or Workshop Item
author	Asmawi, M. Zainora Mohd. Noor, Norzailawati Paiman, Tuminah
author_facet	Asmawi, M. Zainora Mohd. Noor, Norzailawati Paiman, Tuminah
author_sort	Asmawi, M. Zainora
title	A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
title_short	A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
title_full	A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
title_fullStr	A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
title_full_unstemmed	A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia
title_sort	spatial analysis on gis-hedonic pricing model on the influence of public open space and house price in klang valley, malaysia
publisher	International Society for Photogrammetry and Remote Sensing
publishDate	2016
url	http://irep.iium.edu.my/52220/ http://irep.iium.edu.my/52220/ http://irep.iium.edu.my/52220/ http://irep.iium.edu.my/52220/1/isprs-archives-XLI-B8-829-2016.pdf http://irep.iium.edu.my/52220/9/52220_spatial%20analysis_scopus.pdf http://irep.iium.edu.my/52220/14/board%20ISPRS%20zainora%20et%20al..pdf
first_indexed	2023-09-18T21:14:01Z
last_indexed	2023-09-18T21:14:01Z
_version_	1777411441113956352

A spatial analysis on GIS-Hedonic pricing model on the influence of public open space and house price in Klang Valley, Malaysia

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