The significance of property sector diversification and regional diversification for property investment
We buy real estate for one of two reasons. The first reason is to provide a shelter for us or to place our businesses. The second reason is an investment for income stream through rentals. Residential property for many years has been the money-making portfolio for most investors surveyed (Atsir, 199...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
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2005
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| Online Access: | http://eprints.utm.my/1156/ http://eprints.utm.my/1156/1/Ibrahim_Hisham.pdf |
| _version_ | 1848890072628199424 |
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| author | Sipan, Ibrahim @ Atan Mohd. Ali, Hishamuddin Cheok, Bee Khim |
| author_facet | Sipan, Ibrahim @ Atan Mohd. Ali, Hishamuddin Cheok, Bee Khim |
| author_sort | Sipan, Ibrahim @ Atan |
| building | UTeM Institutional Repository |
| collection | Online Access |
| description | We buy real estate for one of two reasons. The first reason is to provide a shelter for us or to place our businesses. The second reason is an investment for income stream through rentals. Residential property for many years has been the money-making portfolio for most investors surveyed (Atsir, 1993). Therefore, other than commercial and industrial properties, residential property investment could also provide return to investors by rental growth and capital appreciation. Portfolio managers and investors are often making investment decision either diversify their investment through geographic or property sector. The Malaysian House Price Index is used and was obtained from National Property Information Centre (NaPIC) at Valuation and Property Services Department (VPSD). The study areas include Kuala Lumpur, Selangor, Johor and Pulau Pinang from year 1994 until year 2003 to find out whether diversification within a region by property sector is better than diversification within property sector by region or vice versa. The correlation coefficient analysis is used to compare the diversification by the average correlation for property sector and regional. The efficient frontier then was formed to determine the performance of each property and region. The finding of this study shows the regional diversification is more significance than property sector diversification.
Keywords: Diversification, Housing, Property Investment. |
| first_indexed | 2025-11-15T20:36:16Z |
| format | Conference or Workshop Item |
| id | utm-1156 |
| institution | Universiti Teknologi Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T20:36:16Z |
| publishDate | 2005 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | utm-11562017-08-30T04:56:46Z http://eprints.utm.my/1156/ The significance of property sector diversification and regional diversification for property investment Sipan, Ibrahim @ Atan Mohd. Ali, Hishamuddin Cheok, Bee Khim H Social Sciences (General) We buy real estate for one of two reasons. The first reason is to provide a shelter for us or to place our businesses. The second reason is an investment for income stream through rentals. Residential property for many years has been the money-making portfolio for most investors surveyed (Atsir, 1993). Therefore, other than commercial and industrial properties, residential property investment could also provide return to investors by rental growth and capital appreciation. Portfolio managers and investors are often making investment decision either diversify their investment through geographic or property sector. The Malaysian House Price Index is used and was obtained from National Property Information Centre (NaPIC) at Valuation and Property Services Department (VPSD). The study areas include Kuala Lumpur, Selangor, Johor and Pulau Pinang from year 1994 until year 2003 to find out whether diversification within a region by property sector is better than diversification within property sector by region or vice versa. The correlation coefficient analysis is used to compare the diversification by the average correlation for property sector and regional. The efficient frontier then was formed to determine the performance of each property and region. The finding of this study shows the regional diversification is more significance than property sector diversification. Keywords: Diversification, Housing, Property Investment. 2005 Conference or Workshop Item NonPeerReviewed application/pdf en http://eprints.utm.my/1156/1/Ibrahim_Hisham.pdf Sipan, Ibrahim @ Atan and Mohd. Ali, Hishamuddin and Cheok, Bee Khim (2005) The significance of property sector diversification and regional diversification for property investment. In: First Real Estate Educators and Researchers Malaysia (REER) Seminar , 27-28 September 2005, UTM City Campus, Kuala Lumpur . (Unpublished) |
| spellingShingle | H Social Sciences (General) Sipan, Ibrahim @ Atan Mohd. Ali, Hishamuddin Cheok, Bee Khim The significance of property sector diversification and regional diversification for property investment |
| title | The significance of property sector diversification and regional diversification for property investment |
| title_full | The significance of property sector diversification and regional diversification for property investment |
| title_fullStr | The significance of property sector diversification and regional diversification for property investment |
| title_full_unstemmed | The significance of property sector diversification and regional diversification for property investment |
| title_short | The significance of property sector diversification and regional diversification for property investment |
| title_sort | significance of property sector diversification and regional diversification for property investment |
| topic | H Social Sciences (General) |
| url | http://eprints.utm.my/1156/ http://eprints.utm.my/1156/1/Ibrahim_Hisham.pdf |