Assessing Determinants Of Housing Price And Market Equilibrium In Malaysia From 2000 To 2012

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dc.contributor.authorYeoh, Bee Leang
dc.date.accessioned2017-11-10T01:40:27Z
dc.date.available2017-11-10T01:40:27Z
dc.date.issued2014
dc.description.abstractMalaysia had experienced abnormal rapid growth trend as much as 72.4% during 2000-2012:Q2 in housing price index even U.S. Subprime recession period on 2007. According to central bank of Malaysia, the population’s growth of Malaysia increases 8.12% from 2007 to 2012 thus it should be in line with the increased housing demand. But, housing price percentage increase 35% during period 2007 to 2012:Q3 comparatively to population growth, which equally to 4.3 times of population growth rate in Malaysia. Furthermore, National House Buyers Association (HBA) found that housing market is under oversupply 28%. Hence, the determinants of housing market price had become a mysterious and high potential existence of housing bubble. This study using economic fundamental variables such as household income, interest rate, inflation, and construction cost carry out three type of investigation in housing market. Firstly, the investigation conducts to identify the determinants of housing market price within Malaysia. Results of analysis revealed that the fundamental determinants of housing market price movement had confirmed relationship. Meanwhile, further investigation to assess monetary policy responsiveness toward housing price which result of analysis found that government’s monetary policy not affected any variables but lead by others variables. At the same time, the existence of housing bubble found within Malaysia housing market within period of 2008:Q3 to 2012:Q4. This result is in line with the findings of Husain et al (2011) where Klang Valley residential property market had identified existence of bubble and it had positive and significant relationship with market housing price and fundamental price.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/5276
dc.language.isoenen_US
dc.publisherUniversiti Sains Malaysiaen_US
dc.subjectAssessing determinants of housing priceen_US
dc.subjectmarket equilibrium in Malaysiaen_US
dc.titleAssessing Determinants Of Housing Price And Market Equilibrium In Malaysia From 2000 To 2012en_US
dc.typeThesisen_US
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