Exploring the Effect of Green Element on Condominium Price in Penang
The emphasis of this research is exploring the green element effect on the price of residential properties. This research identified the prices difference between GBI and non-GBI residential, further demonstrates the relationship between price and green by utilizing Multiple Regression Analysis. The samples are 471 condominiums in Penang derived from the database of NAPIC. The empirical result of the research shows that a residential building having GBI certification increased the property price by RM1009.079. Findings of this research contribute to the significant relationship between green element and condominium price, as well as indicate the impacts of GBI on the price of properties in Malaysia.
Keywords: green, GBI, condominium, regression
ISSN: 2398-4287© 2017. The Authors. Published for AMER ABRA by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.
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eISSN: 2398-4287 © Year. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.