Author:
Huri Norulelin,Ahmad Baharum Zarita,Ting Kien Hwa,Newell Graeme
Abstract
Property stigma refers to some characteristics, features, social values, or an event relating to land and buildings that can create a negative perception of a building, land, project, or neighbourhood area. Property stigma was identified as a significant factor contributing to the number of overhang residential units in Malaysia. This paper aims to develop a PLS-SEM model using stigmatized property dimensions on Clio2 Residence, an overhang strata residential scheme in Putrajaya. External and internal stigmas are significant factors causing unsold property units in Clio2 Residence.
Reference23 articles.
1. Ab Rahim, N., Adzhar, S. M., Basrah, N., Ab Majid, R., & Mustafar, S. (2019). Factors lead to overhang in affordable housing: A content analysis in qualitative approach. In IOP Conference Series: Earth and Environmental Science (Vol. 385, No. 1, p. 012073). IOP Publishing.
2. Adzhar, S. M., Rahim, N. A., Basrah, N., Majid, R. A., & Mustafar, S. (2021, November). Overview on built environment planning: Residential overhang factors in Malaysia affordable housing. In IOP Conference Series: Earth and Environmental Science (Vol. 881, No. 1, p. 012018). IOP Publishing.
3. Bell, R. (2016). Real Estate Damages (3rd ed.). Appraisal Institute.
4. Callanan, J., & Eves, C. (2015). Removal of stigma: impact on property values. In Proceedings of the 21st Pacific Rim Real Estate Society Conference 2015 (pp. 1-11). Pacific Rim Real Estate Society.
5. Cheng, C. T., & Ling, G. H. T. (2023). Examining key macroeconomic determinants of serviced apartments price index: the case of Kuala Lumpur, Malaysia. International Journal of Housing Markets and Analysis, (ahead-of-print).