Dinamika harga harta tanah kediaman dalam segmen pasaran prima dan sekunder di Iskandar, Malaysia

Abstract

The uncertain price increase of residential properties in Iskandar Malaysia had caused the market prices of the properties becomes dynamic between prime and secondary markets. Property Market Report as published by the Valuation and Property Services Department Malaysia, reveals that prices increases and differences up to twenty percent between the prime and secondary residential market in year 2014. The objective of this study is to identify the factors that influence the dynamics of residential property prices in the segment of prime and secondary market. The dynamic price stability framework in order to stabilize the framework dynamics of residential property prices in the prime and secondary market segment is proposed. The methodology involved distribution of questionnaire to the housing developers, selected housing residents and professionals who are involved in the residential property market. Trend analysis, mean score, correlation analysis and cross tabulation analysis had been used in this study. The results show that main factors can be divided into five, namely, supply factor, foreign buyer and financial assistances factor, demand factor and location factor. The problems can be reduced through four proposed strategies including prohibit Developer Interest Bearing Scheme, limit the by foreigner property purchase limit, international lot and increase the real property gain tax. The dynamic price stability framework that has been developed can be used as references to the buyers, developers and related parties that contribute to the perfection in between demand and supply of the residential property market.