Factors affecting housing price in Malaysia using structural equation modeling approach

House buyers are primarily concerned with house prices, on top of other aspects such as housing preferences, and housing financial. In Malaysia, the problem regarding housing issue is one that is regularly spoken due to sharp rise in housing prices which made that most houses are no longer affordabl...

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Main Authors: Norani Amit, Hasimah Sapiri, Zahayu Md Yusof
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2022
Online Access:http://journalarticle.ukm.my/21215/
http://journalarticle.ukm.my/21215/1/SDB%2023.pdf
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author Norani Amit,
Hasimah Sapiri,
Zahayu Md Yusof,
author_facet Norani Amit,
Hasimah Sapiri,
Zahayu Md Yusof,
author_sort Norani Amit,
building UKM Institutional Repository
collection Online Access
description House buyers are primarily concerned with house prices, on top of other aspects such as housing preferences, and housing financial. In Malaysia, the problem regarding housing issue is one that is regularly spoken due to sharp rise in housing prices which made that most houses are no longer affordable for most Malaysians. Thus, this study aims to identify the key factors influencing the price of houses in Malaysia. Data was collected by distributing a survey questionnaire to 245 respondents throughout the country. The data was then analyzed using the structural equation modelling (SEM) analysis via the IBM AMOS statistical software. The study instrument was evaluated using the exploratory factor analysis and confirmatory factor analysis techniques. The theoretical model was developed using the SEM technique. The findings derived are hoped to benefit policymakers, developers, urban planners, and contractors in developing strategies for materializing affordable house prices for homebuyers in Malaysia.
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institution Universiti Kebangasaan Malaysia
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spelling oai:generic.eprints.org:212152023-02-27T08:58:47Z http://journalarticle.ukm.my/21215/ Factors affecting housing price in Malaysia using structural equation modeling approach Norani Amit, Hasimah Sapiri, Zahayu Md Yusof, House buyers are primarily concerned with house prices, on top of other aspects such as housing preferences, and housing financial. In Malaysia, the problem regarding housing issue is one that is regularly spoken due to sharp rise in housing prices which made that most houses are no longer affordable for most Malaysians. Thus, this study aims to identify the key factors influencing the price of houses in Malaysia. Data was collected by distributing a survey questionnaire to 245 respondents throughout the country. The data was then analyzed using the structural equation modelling (SEM) analysis via the IBM AMOS statistical software. The study instrument was evaluated using the exploratory factor analysis and confirmatory factor analysis techniques. The theoretical model was developed using the SEM technique. The findings derived are hoped to benefit policymakers, developers, urban planners, and contractors in developing strategies for materializing affordable house prices for homebuyers in Malaysia. Penerbit Universiti Kebangsaan Malaysia 2022 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/21215/1/SDB%2023.pdf Norani Amit, and Hasimah Sapiri, and Zahayu Md Yusof, (2022) Factors affecting housing price in Malaysia using structural equation modeling approach. Sains Malaysiana, 51 (12). pp. 4161-4173. ISSN 0126-6039 http://www.ukm.my/jsm/index.html
spellingShingle Norani Amit,
Hasimah Sapiri,
Zahayu Md Yusof,
Factors affecting housing price in Malaysia using structural equation modeling approach
title Factors affecting housing price in Malaysia using structural equation modeling approach
title_full Factors affecting housing price in Malaysia using structural equation modeling approach
title_fullStr Factors affecting housing price in Malaysia using structural equation modeling approach
title_full_unstemmed Factors affecting housing price in Malaysia using structural equation modeling approach
title_short Factors affecting housing price in Malaysia using structural equation modeling approach
title_sort factors affecting housing price in malaysia using structural equation modeling approach
url http://journalarticle.ukm.my/21215/
http://journalarticle.ukm.my/21215/
http://journalarticle.ukm.my/21215/1/SDB%2023.pdf