The Determinants of House Prices in the Klang Valley, Malaysia

Authors

  • Faris Dziauddin Sultan Idris Education University

Keywords:

House prices, hedonic price method, the Klang Valley

Abstract

This paper investigates the determinants of house prices. The Klang Valley, Malaysia is chosen as the case study in this paper. Hedonic house price modelling is employed to determine the effects of the structural and location attributes on the prices of the house. Selling prices, structural and location attributes were collected from the database of Department of Valuation and Services of Malaysia, selected maps and reports. Fifty-five factors that are likely to influence a house price were identified and used to determine the overall effects of the structural and location attributes on house prices. However, only significant variables were included in the final model and these were identified by using correlation analysis and modified step-wise procedures. The outcome of this paper shows a positive relationship between structural and location attributes and house prices.

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Author Biography

Faris Dziauddin, Sultan Idris Education University

Department of Geography and Environment, Faculty of Human Sciences

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Published

2014-05-19

How to Cite

Dziauddin, F. (2014). The Determinants of House Prices in the Klang Valley, Malaysia. Perspektif Jurnal Sains Sosial Dan Kemanusiaan, 6(1), 70–80. Retrieved from https://ojs.upsi.edu.my/index.php/PERS/article/view/1656