An Analysis of Real Estate Market Responses towards Climate Resilient Policies in Malaysia and Indonesia
Keywords:
Climate Resilience, Real Estate, Market ResponseAbstract
Countries must regulate real estate markets as global warming increases the frequency and severity of such disasters. Malaysia's National Policy on Climate Change (2009), Green Building Index (GBI), and National Urbanisation Policy (2016-2025) address real estate climate resilience, and National Action Plan on Climate Change (RAN-PI), Green Building Council Indonesia (GBCI), and Disaster Management Law (2007) in Indonesia. Therefore, the study will analyse Malaysia and Indonesia's climate resilience policies and their real estate market response through the qualitative method. The study found that both countries' property values have risen due to the market's focus on sustainability and durability.
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Copyright (c) 2024 Sharifah Zubaidah Syed Abdul Kader, Noor Suzilawati Rabe, RAHMAWATI MOHD YUSOFF, Azlinor Sufian
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