Brownfield sites and property market sensitivity
The existence of Brownfield sites is one of the main challenges that Malaysia must face due to financial, administrative and policy problems. The negative environmental and social impacts of Brownfield sites jeopardise residents' health and well-being, causing nearby areas to be less desirable...
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| Format: | Article |
| Language: | English |
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Malaysian Institute Of Planners
2021
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| Online Access: | http://eprints.utm.my/95250/1/NurZafiraZihannudin2021_BrownfieldSitesandProperty.pdf |
| _version_ | 1796865983252529152 |
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| author | Zihannudin, N. Z. Maimun, N. H. A. Ibrahim, N. L. I. |
| author_facet | Zihannudin, N. Z. Maimun, N. H. A. Ibrahim, N. L. I. |
| author_sort | Zihannudin, N. Z. |
| collection | ePrints |
| description | The existence of Brownfield sites is one of the main challenges that Malaysia must face due to financial, administrative and policy problems. The negative environmental and social impacts of Brownfield sites jeopardise residents' health and well-being, causing nearby areas to be less desirable for occupation and investment. These impacts result in price discounts. Hence, this research aims to establish the sensitivity of the property market towards Brownfield sites through a critical review. An overview of previous studies shows that property prices are sensitive towards Brownfield sites. This indicates that the proximity to a Brownfield site is considered when making property purchase decisions. Thus, property valuers, planners and developers should consider the Brownfield factor during property planning, development and valuation. |
| first_indexed | 2024-03-05T21:05:23Z |
| format | Article |
| id | utm.eprints-95250 |
| institution | Universiti Teknologi Malaysia - ePrints |
| language | English |
| last_indexed | 2024-03-05T21:05:23Z |
| publishDate | 2021 |
| publisher | Malaysian Institute Of Planners |
| record_format | dspace |
| spelling | utm.eprints-952502022-04-29T22:02:52Z http://eprints.utm.my/95250/ Brownfield sites and property market sensitivity Zihannudin, N. Z. Maimun, N. H. A. Ibrahim, N. L. I. HD1394-1394.5 Real estate management The existence of Brownfield sites is one of the main challenges that Malaysia must face due to financial, administrative and policy problems. The negative environmental and social impacts of Brownfield sites jeopardise residents' health and well-being, causing nearby areas to be less desirable for occupation and investment. These impacts result in price discounts. Hence, this research aims to establish the sensitivity of the property market towards Brownfield sites through a critical review. An overview of previous studies shows that property prices are sensitive towards Brownfield sites. This indicates that the proximity to a Brownfield site is considered when making property purchase decisions. Thus, property valuers, planners and developers should consider the Brownfield factor during property planning, development and valuation. Malaysian Institute Of Planners 2021 Article PeerReviewed application/pdf en http://eprints.utm.my/95250/1/NurZafiraZihannudin2021_BrownfieldSitesandProperty.pdf Zihannudin, N. Z. and Maimun, N. H. A. and Ibrahim, N. L. I. (2021) Brownfield sites and property market sensitivity. Planning Malaysia, 19 (16). ISSN 1675-6215 http://dx.doi.org/10.21837/pm.v19i16.957 DOI: 10.21837/pm.v19i16.957 |
| spellingShingle | HD1394-1394.5 Real estate management Zihannudin, N. Z. Maimun, N. H. A. Ibrahim, N. L. I. Brownfield sites and property market sensitivity |
| title | Brownfield sites and property market sensitivity |
| title_full | Brownfield sites and property market sensitivity |
| title_fullStr | Brownfield sites and property market sensitivity |
| title_full_unstemmed | Brownfield sites and property market sensitivity |
| title_short | Brownfield sites and property market sensitivity |
| title_sort | brownfield sites and property market sensitivity |
| topic | HD1394-1394.5 Real estate management |
| url | http://eprints.utm.my/95250/1/NurZafiraZihannudin2021_BrownfieldSitesandProperty.pdf |
| work_keys_str_mv | AT zihannudinnz brownfieldsitesandpropertymarketsensitivity AT maimunnha brownfieldsitesandpropertymarketsensitivity AT ibrahimnli brownfieldsitesandpropertymarketsensitivity |