Ascertaining the Economic Sustainability of Heritage Property Market based on Sales Transaction Analysis

Authors

  • Normayuni Mat Zin Faculty of Architecture and Ekistics, Universiti Malaysia Kelantan, Malaysia
  • Suriatini Ismail Faculty of Architecture and Ekistics, Universiti Malaysia Kelantan, Malaysia
  • Fatin Afiqah Md. Azmi Faculty of Architecture and Ekistics, Universiti Malaysia Kelantan, Malaysia

DOI:

https://doi.org/10.21834/e-bpj.v3i7.1299

Keywords:

Economic sustainability, heritage, property market analysis, transaction price, transaction volume

Abstract

Increasing trend in property transactions can be used as an indicator of economic sustainability of an area. This paper has analysed the transaction volumes and prices of pre-war shophouses in four historical areas in Malaysia in order to ascertain the state of economic sustainability of the heritage property markets. Secondary data for 2004 until 2017 were obtained from governmental sources and descriptive statistical analysis was undertaken. The results show evidence of increasing trend in the price per square foot for the shophouses in all the areas suggesting that there is economic sustainability of the heritage property markets in Malaysia. 

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Published

2018-03-02

How to Cite

Mat Zin, N., Ismail, S., & Md. Azmi, F. A. (2018). Ascertaining the Economic Sustainability of Heritage Property Market based on Sales Transaction Analysis. Environment-Behaviour Proceedings Journal, 3(7), 247-254. https://doi.org/10.21834/e-bpj.v3i7.1299

Issue

Section

Local Cultural / Heritage Environment (Food included)