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Patterns in Number of Property Transactions of Pre-War Shophouse Case Study: Penang, Malacca and Kelantan

Author

Listed:
  • Fatin Afiqah Md. Azmi

    (Centre for Real Estate Studies, Universiti Teknologi Malaysia, Johor, Malaysia Author-2-Name: Nurul Hana Adi Maimun Author-2-Workplace-Name: Centre for Real Estate Studies, Universiti Teknologi Malaysia, Johor, Malaysia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

"Objective - Economic sustainability of heritage property can be measured through an active property transaction of a pre-war shophouse in the study areas. This paper investigates the breakdown of a number of pre-war shophouse transactions in Penang, Malacca, and Kelantan. Methodology/Technique - The documentary method notably the Annual Property Market Report was collected and analysed. Finding - The results demonstrated that in Penang, the pre-war shophouse sub-sector saw mixed movements in the number of transactions while the commercial property-like pre-war shophouse sub-market was generally stable in Malacca and in Kelantan's commercial sub-sector, the pre-war shophouse performed moderately in the review period. Novelty - These patterns of a number of property transactions of a pre-war shophouse in three study areas proved that the heritage property has a sustainable market value. Type of Paper - Review"

Suggested Citation

  • Fatin Afiqah Md. Azmi, 2022. "Patterns in Number of Property Transactions of Pre-War Shophouse Case Study: Penang, Malacca and Kelantan ," GATR Journals gjbssr614, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:gjbssr614
    DOI: https://doi.org/10.35609/gjbssr.2022.10.2(1)
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    References listed on IDEAS

    as
    1. Anderson, John D. & Hudson, Darren & Harri, Ardian & Turner, Steven C., 2007. "A New Taxonomy of Thin Markets," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34826, Southern Agricultural Economics Association.
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    4. McMillen, Daniel P. & Weber, Rachel N., 2008. "Thin Markets and Property Tax Inequities: A Multinomial Logit Approach," National Tax Journal, National Tax Association;National Tax Journal, vol. 61(4), pages 653-671, December.
    5. Nelson, Robert G. & Turner, Steven C., 1995. "Experimental Examination of a Thin Market: Price Behavior in a Declining Terminal Market Revisited," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 27(1), pages 149-160, July.
    6. Nelson, Robert G. & Turner, Steven C., 1995. "Experimental Examination Of A Thin Market: Price Behavior In A Declining Terminal Market Revisited," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(1), pages 1-12, July.
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    More about this item

    Keywords

    Economic Thought; Heritage; Market Value; Property Transaction; Real Estate; Sustainable;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D29 - Microeconomics - - Production and Organizations - - - Other

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