Risk-return analysis of sector the Malaysian residential property sector / Ting Kien Hwa and Mohd Salim Jasiman

Risk-return analysis of sector the Malaysian residential property sector / Ting Kien Hwa and Mohd Salim Jasiman

This paper examines the performance of Malaysian residential property sectors between 1989 - 2001, focusing on risk-return, comparison of residential risk-adjusted performance with equity investments, and identification of risk reduction benefits through portfolio diversification. Performance of res...

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Main Authors: Ting, Kien Hwa, Jasiman, Mohd Salim
Format: Article
Language:English
Published: Faculty of Architecture, Planning & Surveying 2004
Subjects:
Malaysia
Online Access:http://ir.uitm.edu.my/id/eprint/5962/
http://ir.uitm.edu.my/id/eprint/5962/
http://ir.uitm.edu.my/id/eprint/5962/1/AJ_TING%20KIEN%20HWA%20BEJ%2004.pdf
id uitm-5962
recordtype eprints
spelling uitm-59622016-07-28T04:59:13Z http://ir.uitm.edu.my/id/eprint/5962/ Risk-return analysis of sector the Malaysian residential property sector / Ting Kien Hwa and Mohd Salim Jasiman Ting, Kien Hwa Jasiman, Mohd Salim Malaysia This paper examines the performance of Malaysian residential property sectors between 1989 - 2001, focusing on risk-return, comparison of residential risk-adjusted performance with equity investments, and identification of risk reduction benefits through portfolio diversification. Performance of residential properties is compared on a risk-adjusted basis with shares. In addition a further analysis is carried out to identify the risk reduction benefits of adding properties to an investment portfolio through diversification. The results show that in terms of residential property type, detached houses provide higher capital appreciation compared to other forms of housing. But the higher returns are associated with higher risks. The best states to invest in residential properties are Kuala Lumpur, Penang and Johor. In terms of regions, investment performance is highest in Johor Bahru followed by Penang Island and Klang Valley. On an inter-asset comparison basis, the best risk-adjusted performance comes from detached and semi-detached houses in Kuala Lumpur which have outperformed shares represented by the Kuala Lumpur Composite Index. For individual investors, the better direct residential property performance over shares clearly identifies the residential property sector as a comparatively attractive investment option. In conclusion, Malaysian residential properties in selected states and by types have performed well and individual investors could enjoy considerable risk reduction by incorporating residential properties in their investment portfolios. Faculty of Architecture, Planning & Surveying 2004 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/5962/1/AJ_TING%20KIEN%20HWA%20BEJ%2004.pdf Ting, Kien Hwa and Jasiman, Mohd Salim (2004) Risk-return analysis of sector the Malaysian residential property sector / Ting Kien Hwa and Mohd Salim Jasiman. Built Environment Journal (BEJ) (1). pp. 32-48. ISSN 1675-5022 https://bej.uitm.edu.my/
repository_type Digital Repository
institution_category Local University
institution Universiti Teknologi MARA
building UiTM Institutional Repository
collection Online Access
language English
topic Malaysia
spellingShingle Malaysia
Ting, Kien Hwa
Jasiman, Mohd Salim
Risk-return analysis of sector the Malaysian residential property sector / Ting Kien Hwa and Mohd Salim Jasiman
description This paper examines the performance of Malaysian residential property sectors between 1989 - 2001, focusing on risk-return, comparison of residential risk-adjusted performance with equity investments, and identification of risk reduction benefits through portfolio diversification. Performance of residential properties is compared on a risk-adjusted basis with shares. In addition a further analysis is carried out to identify the risk reduction benefits of adding properties to an investment portfolio through diversification. The results show that in terms of residential property type, detached houses provide higher capital appreciation compared to other forms of housing. But the higher returns are associated with higher risks. The best states to invest in residential properties are Kuala Lumpur, Penang and Johor. In terms of regions, investment performance is highest in Johor Bahru followed by Penang Island and Klang Valley. On an inter-asset comparison basis, the best risk-adjusted performance comes from detached and semi-detached houses in Kuala Lumpur which have outperformed shares represented by the Kuala Lumpur Composite Index. For individual investors, the better direct residential property performance over shares clearly identifies the residential property sector as a comparatively attractive investment option. In conclusion, Malaysian residential properties in selected states and by types have performed well and individual investors could enjoy considerable risk reduction by incorporating residential properties in their investment portfolios.
format Article
author Ting, Kien Hwa
Jasiman, Mohd Salim
author_facet Ting, Kien Hwa
Jasiman, Mohd Salim
author_sort Ting, Kien Hwa
title Risk-return analysis of sector the Malaysian residential property sector / Ting Kien Hwa and Mohd Salim Jasiman
title_short Risk-return analysis of sector the Malaysian residential property sector / Ting Kien Hwa and Mohd Salim Jasiman
title_full Risk-return analysis of sector the Malaysian residential property sector / Ting Kien Hwa and Mohd Salim Jasiman
title_fullStr Risk-return analysis of sector the Malaysian residential property sector / Ting Kien Hwa and Mohd Salim Jasiman
title_full_unstemmed Risk-return analysis of sector the Malaysian residential property sector / Ting Kien Hwa and Mohd Salim Jasiman
title_sort risk-return analysis of sector the malaysian residential property sector / ting kien hwa and mohd salim jasiman
publisher Faculty of Architecture, Planning & Surveying
publishDate 2004
url http://ir.uitm.edu.my/id/eprint/5962/
http://ir.uitm.edu.my/id/eprint/5962/
http://ir.uitm.edu.my/id/eprint/5962/1/AJ_TING%20KIEN%20HWA%20BEJ%2004.pdf
first_indexed 2023-09-18T22:47:11Z
last_indexed 2023-09-18T22:47:11Z
_version_ 1777417303619534848

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