An Analysis of Real Estate Market Responses towards Climate Resilient Policies in Malaysia and Indonesia

Authors

  • Sharifah Zubaidah Syed Abdul Kader Ahmad Ibrahim Kulliyyah of Laws, International Islamic University Malaysia, Selangor, Malaysia
  • Noor Suzilawati Rabe Department of Urban and Regional Planning, Kulliyyah of Architecture and Environmental Design, International Islamic University Malaysia, Selangor, Malaysia
  • Rahmawati Mohd Yusoff Department of Law, Universiti Teknologi MARA, Cawangan Johor, Malaysia
  • Azlinor Sufian College of Law, Prince Sultan University, Riyadh, Kingdom of Saudi Arabia

DOI:

https://doi.org/10.21834/e-bpj.v9i30.6219

Keywords:

Climate Resilience, Real Estate, Market Response, CRAS

Abstract

As global warming increases climate-related disasters, countries must address its impact on real estate. Malaysia’s National Policy on Climate Change, Green Building Index, and National Urbanisation Policy, along with Indonesia’s National Action Plan on Climate Change, Climate Resilience and Adaptation Strategy, and Disaster Management Law, highlight climate resilience in real estate. This study examines these policies and their effects on the real estate markets in Malaysia and Indonesia using qualitative methods. The findings reveal that property values in both countries have increased due to a growing emphasis on sustainability and durability in the market.

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Published

2024-10-31

How to Cite

Syed Abdul Kader, S. Z., Rabe, N. S., Mohd Yusoff, R., & Sufian, A. (2024). An Analysis of Real Estate Market Responses towards Climate Resilient Policies in Malaysia and Indonesia. Environment-Behaviour Proceedings Journal, 9(30), 13–19. https://doi.org/10.21834/e-bpj.v9i30.6219