Does flood affect property values? a hedonic analysis of residential property values in Peninsular Malaysia
The hedonic pricing model (HPM) has been used to identify the values of residential property due to flood impact.Most of the previous studies had been conducted using flood frequency and flood depth to measure flood variables rather than flood duration.The hedonic pricing study presented here invest...
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| Format: | Article |
| Language: | English |
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Institute for Management and Business Research (IMBRe), Universiti Utara Malaysia
2014
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| Online Access: | https://repo.uum.edu.my/id/eprint/20677/1/JBMA%204%202014%201-14.pdf |
| _version_ | 1825804414928027648 |
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| author | Ismail, Nur Hafizah Abd Karim, Mohd Zaini Basri, Bakti Hasan |
| author_facet | Ismail, Nur Hafizah Abd Karim, Mohd Zaini Basri, Bakti Hasan |
| author_sort | Ismail, Nur Hafizah |
| collection | UUM |
| description | The hedonic pricing model (HPM) has been used to identify the values of residential property due to flood impact.Most of the previous studies had been conducted using flood frequency and flood depth to measure flood variables rather than flood duration.The hedonic pricing study presented here investigated the effect of flood duration on residential property value in Peninsular Malaysia. We measured the housing attributes involving location, structural, and neighborhood attributes. We also developed the interaction variable between flood and structural attributes to determine whether the effect of flood duration on residential property value differs across house age, size of land area, and number of bedroom. The results suggest that the sale price of residential property is significantly decreased by 0.015 percent due to flood. |
| first_indexed | 2024-07-04T06:14:09Z |
| format | Article |
| id | uum-20677 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:14:09Z |
| publishDate | 2014 |
| publisher | Institute for Management and Business Research (IMBRe), Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-206772017-01-18T07:38:43Z https://repo.uum.edu.my/id/eprint/20677/ Does flood affect property values? a hedonic analysis of residential property values in Peninsular Malaysia Ismail, Nur Hafizah Abd Karim, Mohd Zaini Basri, Bakti Hasan HD Industries. Land use. Labor The hedonic pricing model (HPM) has been used to identify the values of residential property due to flood impact.Most of the previous studies had been conducted using flood frequency and flood depth to measure flood variables rather than flood duration.The hedonic pricing study presented here investigated the effect of flood duration on residential property value in Peninsular Malaysia. We measured the housing attributes involving location, structural, and neighborhood attributes. We also developed the interaction variable between flood and structural attributes to determine whether the effect of flood duration on residential property value differs across house age, size of land area, and number of bedroom. The results suggest that the sale price of residential property is significantly decreased by 0.015 percent due to flood. Institute for Management and Business Research (IMBRe), Universiti Utara Malaysia 2014 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/20677/1/JBMA%204%202014%201-14.pdf Ismail, Nur Hafizah and Abd Karim, Mohd Zaini and Basri, Bakti Hasan (2014) Does flood affect property values? a hedonic analysis of residential property values in Peninsular Malaysia. Journal of Business Management and Accounting (JBMA), 4. pp. 1-14. ISSN 2231-9298 http://www.imbre.uum.edu.my/images/jbmavol4/Does-Flood-Affect-Property-Values-A-Hedonic-Analysis-of-Residential.pdf |
| spellingShingle | HD Industries. Land use. Labor Ismail, Nur Hafizah Abd Karim, Mohd Zaini Basri, Bakti Hasan Does flood affect property values? a hedonic analysis of residential property values in Peninsular Malaysia |
| title | Does flood affect property values? a hedonic analysis of residential property values in Peninsular Malaysia |
| title_full | Does flood affect property values? a hedonic analysis of residential property values in Peninsular Malaysia |
| title_fullStr | Does flood affect property values? a hedonic analysis of residential property values in Peninsular Malaysia |
| title_full_unstemmed | Does flood affect property values? a hedonic analysis of residential property values in Peninsular Malaysia |
| title_short | Does flood affect property values? a hedonic analysis of residential property values in Peninsular Malaysia |
| title_sort | does flood affect property values a hedonic analysis of residential property values in peninsular malaysia |
| topic | HD Industries. Land use. Labor |
| url | https://repo.uum.edu.my/id/eprint/20677/1/JBMA%204%202014%201-14.pdf |
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