HOUSE PRICE MOVEMENT FOR PRIMARY AND SECONDARY MARKETS: EVIDENCE FROM SELANGOR, MALAYSIA
DOI:
https://doi.org/10.21837/pm.v16i5.436Keywords:
house price, price escalation, primary market, secondary marketAbstract
The aim of this study is to determine the trend of escalation for both primary and secondary housing units. This research applies the desk study approach which uses secondary data from statistical format, which is the property market report (PMR) from the year of 2004 to 2014. Data from the PMR was analysed by using descriptive statistics method which provides a general overview of the house price movement. The observation only focuses the house price movement from the (9) districts in Selangor state. Results show that even though the volume of transactions decreases, the prices of residential properties are steadily increasing which also indirectly escalates the secondary market price.Downloads
References
Adair, A., McGreal, S., Smyth, A., Cooper, J., & Ryley, T. (2000). House prices and accessibility: The testing of relationships within the Belfast Urban Area. Housing Studies, 15(5), 699-716.
Bank Negara Malaysia [BNM] (2013). Laporan kestabilan kewangan dan sistem pembayaran 2012.
C H Williams Talhar & Wong. (2014). WTWmarket report 2014.
Ding, C., & Knaap, G. J. (2002). Property values in inner-city neighbourhoods: The effects of homeownership, housing investment, and economic development. Housing Policy Debate, 13(4), 701-727.
Glaeser, E. L., Gyourko, J., & Saks, R. E. (2005). Why have housing prices gone up? American Economic Review, 95, 329-333.
Haron, N. A., & Liew, C. (2013). Factors influencing the rise of house price in Klang Valley. International Journal of Research in Engineering and Technology (IJRET), 2(10), 261-272.
Hashim, Z. (2000). Pembandaran dan kenaikan nilai harta tanah di Malaysia. Akademika, 5(1), 27-46.
Jabatan Perangkaan Malaysia (2015). Laporan penyiasatan migrasi, Malaysia 2014. Putrajaya: Jabatan Perangkaan Malaysia.
National Property Information Centre [NAPIC] (2014). Laporan pasaran harta tahunan.
So, H. M., Tse, R. Y. C., & Ganesan, S. (1997). Estimating the influence of transport on house prices: Evidence from Hong Kong. Journal of Property Valuation and Investment, 15(1), 40-47.
Zhu, H. (2005). The importance of property markets for monetary policy and financial stability. Real Estate Indicators and Financial Stability, 21, 9-29.
Downloads
Published
How to Cite
Issue
Section
License
Copyright & Creative Commons Licence
eISSN: 0128-0945 © Year. The Authors. Published for Malaysia Institute of Planners. This is an open-access article under the CC BY-NC-ND license.
The authors hold the copyright without restrictions and also retain publishing rights without restrictions.