Identifying Housing Submarkets in Johor Bahru and Kulai, Malaysia: A Data-Driven Method

IF 0.6 Q4 BUSINESS, FINANCE

Real Estate Management and Valuation Pub Date : 2022-06-01 DOI:10.2478/remav-2022-0009

N. A. M. Sairi, B. Burhan, Edie Ezwan Mohd Safian

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引用次数: 2

Abstract

Abstract Generally, housing within the same area tends to share similar structural and locational characteristics as well as being characterized by the same homebuyers’ preferences. This information provides insight on the existence of housing submarkets. Thus, this study aims to identify the existence of housing submarkets in Johor Bahru and Kulai, Malaysia through principal component analysis and cluster analysis. A total of 29 housing attributes were included in the study. The results from the principal component analysis have successfully identified four principal components that represent the basic facility, main infrastructure, less common facility and housing quality characteristics. On the other hand, cluster analysis managed to identify the existence of four housing submarkets in Johor Bahru and Kulai, where three submarkets showed the characteristics of housing quality, whereas one submarket appeared to exhibit the characteristic of main infrastructure. The findings of this study provide valuable information on the existence of four housing submarkets in Johor Bahru and Kulai areas, which will benefit the city governments, real estate developers, mortgage lenders, non-profit organizations, as well as individual homeowners in making critical choices and developing market-appropriate strategies.

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识别马来西亚柔佛-巴鲁和古来的住房子市场：一种数据驱动的方法

摘要一般来说，同一区域内的住房往往具有相似的结构和位置特征，并具有相同的购房者偏好。这些信息提供了关于住房次级市场存在的见解。因此，本研究旨在通过主成分分析和聚类分析来确定马来西亚柔佛新山和古来的住房次级市场的存在。共有29种住房特征被纳入研究。主成分分析的结果成功地确定了四个主要成分，代表了基本设施、主要基础设施、不太常见的设施和住房质量特征。另一方面，聚类分析成功地确定了柔佛新山和古来存在四个住房次级市场，其中三个次级市场表现出住房质量的特征，而一个次级市场似乎表现出主要基础设施的特征。这项研究的结果为柔佛-巴鲁和古来地区四个住房次级市场的存在提供了有价值的信息，这将有利于市政府、房地产开发商、抵押贷款机构、非营利组织以及个人房主做出关键选择和制定适合市场的战略。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Real Estate Management and Valuation Economics, Econometrics and Finance-Finance

CiteScore

1.50

自引率

25.00%

发文量

审稿时长

23 weeks

期刊介绍： Real Estate Management and Valuation (REMV) is a journal that publishes new theoretical and practical insights that improve our understanding in the field of real estate valuation, analysis and property management. The aim of the Polish Real Estate Scientific Society (Towarzystwo Naukowe Nieruchomości) is developing and disseminating knowledge about land management and the methods, techniques and principles of real estate valuation and the popularization of scientific achievements in this field, as well as their practical applications in the activities of economic entities.