The Economic Value Of The Heritage Housing Conservation: A Hedonic Analysis Of George Town; Penang

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dc.contributor.authorFang, Hwei Ling
dc.date.accessioned2017-02-15T06:54:18Z
dc.date.available2017-02-15T06:54:18Z
dc.date.issued2007-05
dc.description.abstractHeritage conservation is commonly applied as a strategy to achieve sustainable community economic development in many countries in the world. This study considered the effects of heritage conservation on residential property values in Inner City of George Town. This research aims to highlight the significance of heritage as prudent property investment rather than tourist attraction and hence its eventual anticipated contribution to income and employment generation in George Town. Hedonic Regression Method has been utilised to estimate the economic values of heritage related factors. This paper uses the analysis framework of structureneighbourhood- location characteristic, choosing seven housing characteristics as independent variables of the model, and adopting the log-linear function form to structure the hedonic price model for the housing market in George Town. There are a number of important implications to our findings. This research empirically shows that heritage conservation does have an influence on house premiums. Generally, buyers are more willing to pay for heritage building. Keywords: Heritage Housing Conservation, Economic Value, Hedonic Regression Methoden_US
dc.identifier.urihttp://hdl.handle.net/123456789/3737
dc.language.isoenen_US
dc.publisherUniversiti Sains Malaysiaen_US
dc.subjectHeritage conservationen_US
dc.subjectCity of George Town.en_US
dc.titleThe Economic Value Of The Heritage Housing Conservation: A Hedonic Analysis Of George Town; Penangen_US
dc.typeThesisen_US
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