Sentiments in the housing market and the effectiveness of government interventions
This paper examines the factors that drive the recent growth of house prices in Malaysia. By constructing a housing market sentiment index, we find contemporaneous sentiment to have a strong influence on future housing market returns especially in the short-term. Government-introduced cooling measur...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Taylor and Francis
2021
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| Online Access: | http://eprints.sunway.edu.my/1935/ http://eprints.sunway.edu.my/1935/1/Cheong%20W%20H%20Sentiments%20in%20the%20housing%20market.pdf |
| _version_ | 1848802162871631872 |
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| author | Cheong, Calvin W. H. * Ngui, Lisa L. H. Shella, G. B. |
| author_facet | Cheong, Calvin W. H. * Ngui, Lisa L. H. Shella, G. B. |
| author_sort | Cheong, Calvin W. H. * |
| building | SU Institutional Repository |
| collection | Online Access |
| description | This paper examines the factors that drive the recent growth of house prices in Malaysia. By constructing a housing market sentiment index, we find contemporaneous sentiment to have a strong influence on future housing market returns especially in the short-term. Government-introduced cooling measures were ineffective in dampening prices and market sentiment. We also find property developer behaviour to drive sentiments and prices. The study contributes to literature by providing an easily generalizable method of
constructing a housing market sentiment index in other countries besides giving clear indication of the
drivers of house prices and sentiment for more effective government intervention. |
| first_indexed | 2025-11-14T21:18:58Z |
| format | Article |
| id | sunway-1935 |
| institution | Sunway University |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T21:18:58Z |
| publishDate | 2021 |
| publisher | Taylor and Francis |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | sunway-19352021-12-17T07:33:27Z http://eprints.sunway.edu.my/1935/ Sentiments in the housing market and the effectiveness of government interventions Cheong, Calvin W. H. * Ngui, Lisa L. H. Shella, G. B. HG Finance This paper examines the factors that drive the recent growth of house prices in Malaysia. By constructing a housing market sentiment index, we find contemporaneous sentiment to have a strong influence on future housing market returns especially in the short-term. Government-introduced cooling measures were ineffective in dampening prices and market sentiment. We also find property developer behaviour to drive sentiments and prices. The study contributes to literature by providing an easily generalizable method of constructing a housing market sentiment index in other countries besides giving clear indication of the drivers of house prices and sentiment for more effective government intervention. Taylor and Francis 2021-07 Article PeerReviewed text en cc_by_nc_4 http://eprints.sunway.edu.my/1935/1/Cheong%20W%20H%20Sentiments%20in%20the%20housing%20market.pdf Cheong, Calvin W. H. * and Ngui, Lisa L. H. and Shella, G. B. (2021) Sentiments in the housing market and the effectiveness of government interventions. Pacific Rim Property Research Journal, 26 (3). pp. 223-247. ISSN 2201-6716 http://doi.org/10.1080/14445921.2021.1946259 doi:10.1080/14445921.2021.1946259 |
| spellingShingle | HG Finance Cheong, Calvin W. H. * Ngui, Lisa L. H. Shella, G. B. Sentiments in the housing market and the effectiveness of government interventions |
| title | Sentiments in the housing market and the effectiveness of government interventions |
| title_full | Sentiments in the housing market and the effectiveness of government interventions |
| title_fullStr | Sentiments in the housing market and the effectiveness of government interventions |
| title_full_unstemmed | Sentiments in the housing market and the effectiveness of government interventions |
| title_short | Sentiments in the housing market and the effectiveness of government interventions |
| title_sort | sentiments in the housing market and the effectiveness of government interventions |
| topic | HG Finance |
| url | http://eprints.sunway.edu.my/1935/ http://eprints.sunway.edu.my/1935/ http://eprints.sunway.edu.my/1935/ http://eprints.sunway.edu.my/1935/1/Cheong%20W%20H%20Sentiments%20in%20the%20housing%20market.pdf |