Goods and services tax (GST) on construction capital cost and housing property price

Good and Service Tax (GST) an indirect broad-based conswnpti.on tax. Following with the implementation of GST in Malaysia on 1st April 2015, it is suspected that the construction capital cost and housing property price will increase accordingly. This study is aim to review the GST effect associated on construction capital cost and it influences towards housing developer and housing property price. Additionally, this study highlights what was the developer point of view on the GST given to them and also the housing price further proposes initiatives to the housing developers. Argument of GST effect is useful for the public administrators so that to re-consider the rate of GST and also beneficial to the construction parties to account with the GST implementation. As conclusion, this study review that GST do give an impact towards the construction capital cost, housing developer and housing property price in terms of knock-on effect

Goods and services tax (GST) on construction capital cost and housing property price

Good and Service Tax (GST) an indirect broad-based conswnpti.on tax. Following with the implementation of GST in Malaysia on 1st April 2015, it is suspected that the construction capital cost and housing property price will increase accordingly. This study is aim to review the GST effect associated on construction capital cost and it influences towards housing developer and housing property price. Additionally, this study highlights what was the developer point of view on the GST given to them and also the housing price further proposes initiatives to the housing developers. Argument of GST effect is useful for the public administrators so that to re-consider the rate of GST and also beneficial to the construction parties to account with the GST implementation. As conclusion, this study review that GST do give an impact towards the construction capital cost, housing developer and housing property price in terms of knock-on effect

Prediction Supply Modelling for High-Cost Housing in Malaysia

Oversupply and overhang among the high-cost housing type has become a blazing field that is often discussed in the press due to the failure in getting a balance of construction demand and supply unit. The basic purpose of the research is to develop a prediction modelling for high-cost housing supply based on the macroeconomic factors. The investigation involved the improvement of the analytical framework by synthesizing the models and framework advanced by a past analyst on the housing supply market framework. As initial, macroeconomic data of MHPI, GDP, BLR, CPI, population size, PCI, CBI, housing demand rate and housing stock index from 2007 to 2017 are collected from National Property and Information Centre (NAPIC) and Department of Statistics Malaysia (DOSM) website. The prediction of the housing supply is investigated using Multiple Regression Analysis (MRA). Based on these problem, the investigation contended that the housing supply prediction model will be accomplish using experimental data from economic data with supported from macroeconomic factors such as world borrowing cost, outflows of foreign capital, subprime crisis, population characteristics, migration, urbanization, stamp duty exemption, moratorium, RPGT, and also microeconomic factors such as location and accessibility, basic and public facility, financial loan, location and placement, credit facility, construction cost, development approval, price and rental and housing stock

Influence of Location Attributes on Home Buyers’ Purchase Decision

Owning a home at a bad location is detrimental to its market value. Besides, demographic forces have influenced the demand for housing over the past decades. This study identifies the type of location attributes and demographic characteristics influences on housing purchase decisions of home buyers in Iskandar Malaysia. This research intends to collect data through questionnaire. The respondents are the house owners of Taman Nusa Sentral. The data is then analysed with correlation to study the relationship between demographic and location variables. Most of the demographic characteristics, except Gender and Income, have significant influences on location facilities and services when it comes to house purchase decision. This study is able to overcome the problems of low house owning rate and oversupply and provides preferable location attributes to the housing developers

Total quality management (TQM): decision making process model at planning phase for housing development in Malaysia

The main aim of this study is to develop a process model for decision making in the planning phase of housing development in Malaysia. This paper identifies the decision making practiced among Malaysian housing developers at planning phase and examines the three main parts in making decisions which are methods, tools and informations. The paper then investigates whether the three main parts (methods, tools and information) are strongly related to the decision making process. This paper involves the development of a theoretical model by integrates the models developed by numerous authors and researchers on the subject of decision making. The descriptive statistical technique is conducted and the regression analysis is organize using Structural Equation Modelling (SEM) with AMOS to see the relationship between the three main parts (methods, tools and information) in making the decision. Thus, this paper is beneficial as a guide for housing developers and governments in making a decision at planning phase for housing development

Influence of location attributes on home buyers’ purchase decision

Owning a home at a bad location is detrimental to its market value. Besides, demographic forces have influenced the demand for housing over the past decades. This study identifies the type of location attributes and demographic characteristics’ influences on housing purchase decisions of home buyers in Iskandar Malaysia. This research intends to collect data through questionnaire. The respondents are the house owners of Taman Nusa Sentral. The data is then analysed with correlation to study the relationship between demographic and location variables. Most of the demographic characteristics, except Gender and Income, have significant influences on location facilities and services when it comes to house purchase decision. This study is able to overcome the problems of low house owning rate and oversupply and provides preferable location attributes to the housing developers

Development of a conceptual integrated influential factors (IIF) model of internal stakeholder for construction projects successful completion in Yemen

Accomplishing construction projects within the time specified is seldom the case in Yemen. The funds allocated for the projects are usually not properly utilized. Many large construction projects in Yemen are either delayed, suspended or abandoned. Nonetheless, little exertion has been made to normalize the phenomenon. The objective of this paper is to develop an integrated influential factors (IIF) model for internal stakeholders to management construction projects successfully to completion in Yemen. The causes that affect the successful completion of project have been gathered and identified from the previous research works via literature. This model is expected to aid the successful completion of construction project in Yemen

Construction Costs and Housing Prices: Impact of Goods and Services Tax

It was expected that construction capital costs and housing property prices will increase following the implementation of GST in Malaysia on 1 April 2015. Therefore, this study examines the impact of GST on the construction capital costs and its influences towards the housing developers and housing property prices. This study also aims to highlight the developers' point of view regarding GST and the housing prices. Moreover, the discussion on future proposal of initiatives for benefits of developers and consumer. The findings are obtained from a survey where 36 housing developers and an experienced property consultant under the employment of Henry Butcher (International Asset Consultant) in Penang, Malaysia are the respondent. It was concluded that building materials and land acquisition are the major construction capital costs affected by the GST implementation. Subsequently, capital flow turnover is the post and significant consequence that developers now face which led to an increment of housing property prices. Hence, the end buyers are the ones who feel the impact of price increment and the government plays the central role in this scenario. Keywords: Construction Cost, Goods and Services Tax, Housing Prices JEL Classifications: L74, R3

Adaptation of thermal comfort in naturally ventilated students residential college in tropical climates of Malaysia

The climate in tropical regions was affecting the level of thermal comfort of the individual while accommodating the residential buildings. Residential buildings especially student residential colleges in Malaysia were mainly build depending on natural ventilation systems as a tool to facilitate comfort in their daily life without the consent of the mechanical ventilation system such as air conditioners. This study has been done by distributing a questionnaire to the occupants who live in the naturally ventilated residential college and conducting an interview series with a college management officer to prove and validate the data collected throughout the study. The result of the study shows that students most likely will change their behavior due to the level of heat stress in the dormitory. Statistics from the data collected shown that students were very relying on the support of the mechanical ventilation system and they are also keener towards wearing a thinner and comfortable clothing material as it will help them to reduce the heat discomfort throughout the day. This study also shows a positive correlation analysis between the relationship of low ventilation flow and the level of indoor thermal comfort. This situation is regarded as the environmental factors that play important roles in the level of thermal comfort in a residential building, especially in tropical climates

Initiation Economic Information for Decision Making Process in Housing Development

Conflict communication among developer and their team at all times happened due to limited financial information. A developer does not automatically construct a unit that will convince the recipients since they have their own viewpoint and mind of their needs, objectives, obstructions, and necessities of economic aspect. A decision is very hard to be made on the housing unit since the recipients have variance on numerous economic issues. This paper aims to identify the economic decision making information for housing development at the initiation phase in Malaysia. Delphi method is implemented in 3 rounds using a questionnaire survey which involved 34 private developers for data collection purposes. The finding shows that authority policies, a market of housing and timing (life cycle of a project) are most necessary information in the economic part. All of the economic information also illustrates that they are crucial and key factors in the decision-making process. The stages in the initiation phase require economic information in the form of a qualitative data bank of a developer