Hashim, Zakiah and Sapiri, Hasimah and Misiran, Masnita and Abdul Halim, Tisya Farida (2018) The Utilization of System Dynamics for House Pricing Analysis in Malaysia. International Journal of Supply Chain Management, 7 (4). pp. 272-278. ISSN 2050-7399

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Abstract

An increasing demand for residential housing has been a debate globally due to rapid economic development, particularly in Malaysia. The housing price appreciation showed steep increase both in urban and rural areas. Therefore, most of the people are afraid that they are unable to cope with such a high property prices. Even with the housing prices almost hitting the sky, yet the real factors as well as its causal effects are still open to question. Thus, this paper presents a system dynamics model of housing prices in Malaysia to identify the causality among related factors.The model expects the rising of population and strong growth in inflation in the long run that will affect housing prices significantly. As this dynamic model is expected to portray the main interacting variables, their causal effects can provide guideline for better intervention measures, in particular for the policy improvement in near future

Item Type:	Article
Uncontrolled Keywords:	House affordability, house pricing, system dynamics
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	School of Quantitative Sciences
Depositing User:	Mdm. Sarkina Mat Saad @ Shaari
Date Deposited:	30 Apr 2024 13:07
Last Modified:	30 Apr 2024 13:07
URI:	https://repo.uum.edu.my/id/eprint/30757

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