Prospecting housing bubbles in Malaysia
There have been extensive studies pertaining on bubble detection in literature, though very few investigate the Malaysian residential property market. The inflated housing market, however, has sparked widespread public anxiety and there has been a proliferation of comments and forecasts about the pr...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2022
|
| Subjects: | |
| Online Access: | http://eprints.utm.my/103910/1/MuhammadNajibMohamed2022_ProspectingHousingBubblesinMalaysia.pdf |
| _version_ | 1796867553419591680 |
|---|---|
| author | Hamid, Norfiqiri Mohamed Razali, Muhammad Najib Azmi, Fatin Afiqah Daud, Siti Zaleha Md. Yunus, Nurhidayah |
| author_facet | Hamid, Norfiqiri Mohamed Razali, Muhammad Najib Azmi, Fatin Afiqah Daud, Siti Zaleha Md. Yunus, Nurhidayah |
| author_sort | Hamid, Norfiqiri |
| collection | ePrints |
| description | There have been extensive studies pertaining on bubble detection in literature, though very few investigate the Malaysian residential property market. The inflated housing market, however, has sparked widespread public anxiety and there has been a proliferation of comments and forecasts about the presence of housing bubbles in Malaysia throughout the last decade. The purpose of this paper is to assess the housing bubbles in Malaysia by using empirical models in detecting Malaysian residential property bubbles. This research employed the Markov Switching (MS) model to investigate the housing bubbles for the Malaysian residential property market. The findings revealed Malaysian housing prices to be relatively stable over the period 2010 to 2019, with states of upheaval occurring only during short-lived periods. Overall, Malaysian housing prices were generally steady between 2010 and 2019, albeit this has shifted slowly in recent years as economic turmoil faded. This study provides empirical results to explain the situation of Malaysian house prices in the recent years. |
| first_indexed | 2024-03-05T21:28:59Z |
| format | Article |
| id | utm.eprints-103910 |
| institution | Universiti Teknologi Malaysia - ePrints |
| language | English |
| last_indexed | 2024-03-05T21:28:59Z |
| publishDate | 2022 |
| publisher | Sciendo |
| record_format | dspace |
| spelling | utm.eprints-1039102023-12-06T04:40:40Z http://eprints.utm.my/103910/ Prospecting housing bubbles in Malaysia Hamid, Norfiqiri Mohamed Razali, Muhammad Najib Azmi, Fatin Afiqah Daud, Siti Zaleha Md. Yunus, Nurhidayah HD Industries. Land use. Labor NA Architecture There have been extensive studies pertaining on bubble detection in literature, though very few investigate the Malaysian residential property market. The inflated housing market, however, has sparked widespread public anxiety and there has been a proliferation of comments and forecasts about the presence of housing bubbles in Malaysia throughout the last decade. The purpose of this paper is to assess the housing bubbles in Malaysia by using empirical models in detecting Malaysian residential property bubbles. This research employed the Markov Switching (MS) model to investigate the housing bubbles for the Malaysian residential property market. The findings revealed Malaysian housing prices to be relatively stable over the period 2010 to 2019, with states of upheaval occurring only during short-lived periods. Overall, Malaysian housing prices were generally steady between 2010 and 2019, albeit this has shifted slowly in recent years as economic turmoil faded. This study provides empirical results to explain the situation of Malaysian house prices in the recent years. Sciendo 2022-12-01 Article PeerReviewed application/pdf en http://eprints.utm.my/103910/1/MuhammadNajibMohamed2022_ProspectingHousingBubblesinMalaysia.pdf Hamid, Norfiqiri and Mohamed Razali, Muhammad Najib and Azmi, Fatin Afiqah and Daud, Siti Zaleha and Md. Yunus, Nurhidayah (2022) Prospecting housing bubbles in Malaysia. Real Estate Management and Valuation, 30 (4). pp. 74-88. ISSN 2300-5289 http://dx.doi.org/10.2478/remav-2022-0030 DOI:10.2478/remav-2022-0030 |
| spellingShingle | HD Industries. Land use. Labor NA Architecture Hamid, Norfiqiri Mohamed Razali, Muhammad Najib Azmi, Fatin Afiqah Daud, Siti Zaleha Md. Yunus, Nurhidayah Prospecting housing bubbles in Malaysia |
| title | Prospecting housing bubbles in Malaysia |
| title_full | Prospecting housing bubbles in Malaysia |
| title_fullStr | Prospecting housing bubbles in Malaysia |
| title_full_unstemmed | Prospecting housing bubbles in Malaysia |
| title_short | Prospecting housing bubbles in Malaysia |
| title_sort | prospecting housing bubbles in malaysia |
| topic | HD Industries. Land use. Labor NA Architecture |
| url | http://eprints.utm.my/103910/1/MuhammadNajibMohamed2022_ProspectingHousingBubblesinMalaysia.pdf |
| work_keys_str_mv | AT hamidnorfiqiri prospectinghousingbubblesinmalaysia AT mohamedrazalimuhammadnajib prospectinghousingbubblesinmalaysia AT azmifatinafiqah prospectinghousingbubblesinmalaysia AT daudsitizaleha prospectinghousingbubblesinmalaysia AT mdyunusnurhidayah prospectinghousingbubblesinmalaysia |