Critical Failure Factors in Selling Shoplots towards Sustainability of New Township Development

The focus of this research is to identify the critical factors of shop houses sale failure in Nilai New Township. The critical factors of sale failure of commercial property types, shop houses in new township need to be discover as reported by Valuation and Property Services Department (JPPH) sho...

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Main Authors: Tawil, N.M., Mohamad, N.I., Usman, I.M., Tahir, M. M., Othuman Mydin, M.A.
Format: Article
Language:English
Published: EDP Sciences 2014
Subjects:
Online Access:http://eprints.usm.my/38551/1/Critical_Failure_Factors_in_Selling_Shoplots_towards_Sustainability_of_New_Township_Development.pdf
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author Tawil, N.M.
Mohamad, N.I.
Usman, I.M.
Tahir, M. M.
Othuman Mydin, M.A.
author_facet Tawil, N.M.
Mohamad, N.I.
Usman, I.M.
Tahir, M. M.
Othuman Mydin, M.A.
author_sort Tawil, N.M.
collection USM
description The focus of this research is to identify the critical factors of shop houses sale failure in Nilai New Township. The critical factors of sale failure of commercial property types, shop houses in new township need to be discover as reported by Valuation and Property Services Department (JPPH) showed 5,931 units of shop houses in Malaysia is currently completed but remained unsold where Johor was recorded as the highest with unsold units followed by Negeri Sembilan. Thus Nilai New towship is chosen as research sample for unsold shop houses units due to its strategic location which is near to KLIA, International Sepang Circuit, educational instituitions and surrounded by housing scheme but yet still has numbers of unsold units. Data was gathered from survey question between developers, local authority, purchasers/tenant and local residents.. Generally, the factors of sale failure are economy, demography, politic, location and access, public and basic facilities, financial loan, physical of product, current stock of shop houses upon completion, future potential of subsale and rental, developer’s background, promotion and marketing, speculation and time.
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spelling usm.eprints-385512018-01-25T07:54:52Z http://eprints.usm.my/38551/ Critical Failure Factors in Selling Shoplots towards Sustainability of New Township Development Tawil, N.M. Mohamad, N.I. Usman, I.M. Tahir, M. M. Othuman Mydin, M.A. TH1-9745 Building construction The focus of this research is to identify the critical factors of shop houses sale failure in Nilai New Township. The critical factors of sale failure of commercial property types, shop houses in new township need to be discover as reported by Valuation and Property Services Department (JPPH) showed 5,931 units of shop houses in Malaysia is currently completed but remained unsold where Johor was recorded as the highest with unsold units followed by Negeri Sembilan. Thus Nilai New towship is chosen as research sample for unsold shop houses units due to its strategic location which is near to KLIA, International Sepang Circuit, educational instituitions and surrounded by housing scheme but yet still has numbers of unsold units. Data was gathered from survey question between developers, local authority, purchasers/tenant and local residents.. Generally, the factors of sale failure are economy, demography, politic, location and access, public and basic facilities, financial loan, physical of product, current stock of shop houses upon completion, future potential of subsale and rental, developer’s background, promotion and marketing, speculation and time. EDP Sciences 2014-08 Article PeerReviewed application/pdf en http://eprints.usm.my/38551/1/Critical_Failure_Factors_in_Selling_Shoplots_towards_Sustainability_of_New_Township_Development.pdf Tawil, N.M. and Mohamad, N.I. and Usman, I.M. and Tahir, M. M. and Othuman Mydin, M.A. (2014) Critical Failure Factors in Selling Shoplots towards Sustainability of New Township Development. E3S Web of Conferences, 3 (01013). pp. 1-4. ISSN 2267-1242 https://doi.org/10.1051/e3sconf/20140301013
spellingShingle TH1-9745 Building construction
Tawil, N.M.
Mohamad, N.I.
Usman, I.M.
Tahir, M. M.
Othuman Mydin, M.A.
Critical Failure Factors in Selling Shoplots towards Sustainability of New Township Development
title Critical Failure Factors in Selling Shoplots towards Sustainability of New Township Development
title_full Critical Failure Factors in Selling Shoplots towards Sustainability of New Township Development
title_fullStr Critical Failure Factors in Selling Shoplots towards Sustainability of New Township Development
title_full_unstemmed Critical Failure Factors in Selling Shoplots towards Sustainability of New Township Development
title_short Critical Failure Factors in Selling Shoplots towards Sustainability of New Township Development
title_sort critical failure factors in selling shoplots towards sustainability of new township development
topic TH1-9745 Building construction
url http://eprints.usm.my/38551/1/Critical_Failure_Factors_in_Selling_Shoplots_towards_Sustainability_of_New_Township_Development.pdf
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