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Transaction cost analysis in redeveloping indigenous lands in Malaysia

Omar, Ismail and Wardata, Djurjani and Djojomartono, Prijono Nugroho (2008) Transaction cost analysis in redeveloping indigenous lands in Malaysia. In: Land Constraint,Right and Acquisition Issues in the Redevelopment Process. Penerbit UTM, Johor, 01-49. ISBN 978-983-52-0585-9

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Official URL: http://www.penerbit.utm.my/bookchapterdoc/FKSG/boo...

Abstract

There are various factors causing land supply constraints. Among others are government role in the form of planning (Popetan in Hui, 2004), complex regulations (Dowall, 2003), the quality of titling registration and tenure security (Dowall, 2003), passive land owner (Adams, 1994), multiple ownership of urban land (Adams et al., 2000a), macro economic variables as well as physical condition of the lands (Knaap and Terry Moore, 2000). Therefore, land supply constraint is a complex phenomenon whereby the flow of land into the market is restricted and hence, limits agents interactions in the market, As a result, the price of land tends to increase due to higher demand compared to the level of land available in the market. As such, to understand the nature of land supply constraint, the analysis should address the knowledge about the characteristics of the land market process including the behavior of the agents involved in it (Keogh and D Arcy, 1998).

Item Type:Book Section
Uncontrolled Keywords:redeveloping indigenous lands in Malaysia, land market process
Subjects:H Social Sciences > HD Industries. Land use. Labor
Divisions:Geoinformation Science And Engineering (Formerly known)
ID Code:28050
Deposited By: Fazli Masari
Deposited On:03 Sep 2012 03:57
Last Modified:03 Sep 2012 03:57

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