Sustainability of residential investment in Klang Valley, Malaysia
Document Type
Article
Publication Date
1-1-2022
Abstract
Since the late 1980s, Malaysia's rapid urbanisation and economic growth have resulted in a major increase in housing demand in urban areas. Due to a developing market and active supply-demand dynamics, the Malaysian housing industry has prospered. As a result, many investors are attracted to invest in residential property as it is one of the stable options to consider as compared to other types of investment. To date, there is no proper guideline as to which area is best to invest the money in as most investors are solely driven by profit but do not consider other factors that can sustain the income in the long term. Since investments are made with the goal of maximising wealth, investors must make reasonable choices based on the facts available and make a judgement that is devoid of emotion. By applying the COPRAS method to property investment, this research focuses on residential properties in Klang Valley, Malaysia. The main objective of this research is to provide an idea to investors on which area in Klang Valley can ensure sustainable investment, particularly residential properties. The final findings show that Petaling best conforms to sustainable investment with the highest degree of utility as compared to other alternatives. It is followed by Klang and the Federal Territory of Kuala Lumpur. This research provides additional literature that may help investors during their investment decision on which area is the most sustainable to invest in Klang Valley. © 2022, University of Malaya. All rights reserved.
Keywords
COPRAS, MCDM, Real estate, Residential property investment, Sustainability, Urbanisation
Divisions
BuiltEnvironment
Funders
None
Publication Title
Journal of Design and Built Environment
Volume
22
Issue
3
Publisher
Faculty of Built Environment, University of Malaya
Additional Information
Cited by: 1