Pengaruh elemen persekitaran bandar terhadap transaksi harta tanah kediaman

Abstract

Property demand and supply depend on the benefits and limitations of a property and these can be affected by infrastructure development such as green area and water body. However, the impacts of the environmental development influence on the level of preference and its effect on property price transaction have yet to be discovered. Thus, this study was conducted to identify the relationship between attributes and buyers preferences towards green elements and water body as well as examine their impacts on residential property transaction. This study was based on quantitative methods using questionnaires and property transaction data from National Property Information Centre (NAPIC), Valuation and Property Service Department (JPPH). Based on the data from the questionnaires (n=396) and residential data transaction (n=1171) within 12 housing schemes in Skudai; factor analysis, frequency descriptive analysis and multiple regression analysis were conducted. This study showed that residents agreed that green area and water body added value and improved the surrounding scenery (76.6%) besides boosting social interaction as well as recreational activities (80.3%). Some of the residents (31%) were unsure whether they are willing to pay extra for the green area and water body despite the aesthetic value and recreational space. Furthermore, there were residents (45.2%) who thought that the green area did not help in reducing crime rates whereas other residents (34.4%) considered water body as an unsuitable place for children. Thus, based on the analysis, it can be concluded that the residents prefer green area compared to water body due to its physical characteristics which are comfortable, well maintained, easily accessible and located within their housing area. As a conclusion, the green area and water body elements fulfilled social and psychological needs of the residents, which portrayed a significant relationship with the residents and gave positive impacts towards residential property transaction price in cities. Further analysis based on the regression analysis model showed that there is a low significance relationship between the green area and water body on property transaction price. The implication of this study for urban environmental development is that it should be based on the urban environmental role of interest to help the urbanization process and it should aligned with the green area and water body development in order to achieve quality of life.