Said, Rosli and Ab Majid, Rohayu and Akinsomi, Omokolade and Hishamuddin, Mohammad Irfan (2022) Sustainability of residential investment in Klang Valley, Malaysia. Journal of Design and Built Environment, 22 (3). 124 – 139. ISSN 1823-4208,
Full text not available from this repository.Abstract
Since the late 1980s, Malaysia's rapid urbanisation and economic growth have resulted in a major increase in housing demand in urban areas. Due to a developing market and active supply-demand dynamics, the Malaysian housing industry has prospered. As a result, many investors are attracted to invest in residential property as it is one of the stable options to consider as compared to other types of investment. To date, there is no proper guideline as to which area is best to invest the money in as most investors are solely driven by profit but do not consider other factors that can sustain the income in the long term. Since investments are made with the goal of maximising wealth, investors must make reasonable choices based on the facts available and make a judgement that is devoid of emotion. By applying the COPRAS method to property investment, this research focuses on residential properties in Klang Valley, Malaysia. The main objective of this research is to provide an idea to investors on which area in Klang Valley can ensure sustainable investment, particularly residential properties. The final findings show that Petaling best conforms to sustainable investment with the highest degree of utility as compared to other alternatives. It is followed by Klang and the Federal Territory of Kuala Lumpur. This research provides additional literature that may help investors during their investment decision on which area is the most sustainable to invest in Klang Valley. © 2022, University of Malaya. All rights reserved.
| Item Type: | Article |
|---|---|
| Funders: | None |
| Additional Information: | Cited by: 1 |
| Uncontrolled Keywords: | COPRAS; MCDM; Real estate; Residential property investment; Sustainability; Urbanisation |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor |
| Divisions: | Faculty of the Built Environment |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 29 Nov 2023 07:27 |
| Last Modified: | 03 Dec 2023 01:12 |
| URI: | http://eprints.um.edu.my/id/eprint/43972 |
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