The Impact of Tourism Improvement on Real Estate Development in Bintan Island Communities

Noorsidi Aizuddin Mat Noor, Farhana Diana Deris, Zaliza Mohamad Nasir, Sri Endah Kinasih, Rachmah Ida, Irfan Wahyudi and Afizan Mohktar
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Noorsidi Aizuddin Mat Noor: Centre for Real Estate Studies (UTM CRES), Institute for Smart Infrastructure and Innovative Construction (ISIIC), Universiti Teknologi Malaysia, 81310, Johor Bahru, Malaysia Mass Appraisal, Housing and Planning Research Group, Real Estate Department, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, 81310, Johor Bahru, Malaysia
Farhana Diana Deris: Language Academy, Faculty of Social Sciences and Humanities, Universiti Teknologi Malaysia, 81310, Johor Bahru, Malaysia
Zaliza Mohamad Nasir: Language Academy, Faculty of Social Sciences and Humanities, Universiti Teknologi Malaysia, 81310, Johor Bahru, Malaysia
Sri Endah Kinasih: Department of Anthropology, Faculty of Social and Political Sciences, Universitas Airlangga, Surabaya, Indonesia
Rachmah Ida: Department of Communication, Faculty of Social and Political Sciences, Universitas Airlangga, Surabaya, Indonesia
Irfan Wahyudi: Department of Communication, Faculty of Social and Political Sciences, Universitas Airlangga, Surabaya, Indonesia
Afizan Mohktar: College of Built Environment, University Technology of Mara, 40450 Shah Alam, Selangor AFZ Realty Sdn Bhd, 23-1, Jalan Equine 1E, Taman Equine, 43300 Seri Kembangan Selangor

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 7, 806-815

Abstract: Bintan Island which is located in the Riau Archipelago of Indonesia has been observed to have grown a lot in the tourism industry in the recent past. This study aims at assessing the effects of tourism development on the property development among Bintan Island inhabitants. Although previous literature has been published regarding the connection between tourism and real estate development within diverse locations, specific data relevant to Bintan Island is scarce. Hence, the objective of this study is to do a follow-up on this by researching on the correlation between tourism improvement and real estate development in Bintan Island communities. In this study, the method used includes research on previous literature and property data as well as statistical analysis to determine the effect of improvement in tourism. According to the outcome of the study, there is a positive relationship between the enhancement of tourism and the contribution to real estate in the Bintan Island communities. The assessment of change also shows that most of the communities realised high increases in property values post improvement relative to the pre improvement and this difference was statistically significant. These findings are in sharp contrast to the earlier held opinion on the notion that the improvement of tourism hampers the development of real estate along the coastlines. Accordingly, it is believed that tourism improvement may serve as a reason why real estate development has taken place in the communities in Bintan Island. This study offers relevant insights for policymakers, actors in the real estate sector, and communities at coastal regions in terms of how tourism is linked to real estate development.

Date: 2024
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