Urban Regeneration and Housing Market Dynamics: Examining the Impact of Brownfield Sites in Malaysia

Aida Julia Aminuddin, Nurul Hana Adi Maimun, Nurzafira Zihannudin, Umussaa'dah Adam and Sabariah Eni
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Aida Julia Aminuddin: Centre for Real Estate Studies (UTM CRES), Institute for Smart Infrastructure & Innovative Construction (ISiiC), Universiti Teknologi Malaysia, 81310 Johor Bahru, Johor, Malaysia
Nurul Hana Adi Maimun: Centre for Real Estate Studies (UTM CRES), Institute for Smart Infrastructure & Innovative Construction (ISiiC), Universiti Teknologi Malaysia, 81310 Johor Bahru, Johor, Malaysia
Nurzafira Zihannudin: Centre for Real Estate Studies (UTM CRES), Institute for Smart Infrastructure & Innovative Construction (ISiiC), Universiti Teknologi Malaysia, 81310 Johor Bahru, Johor, Malaysia
Umussaa'dah Adam: Centre for Real Estate Studies (UTM CRES), Institute for Smart Infrastructure & Innovative Construction (ISiiC), Universiti Teknologi Malaysia, 81310 Johor Bahru, Johor, Malaysia
Sabariah Eni: Department of Real Estate Management, Faculty of Technology Management and Business, Universiti Tun Hussein Onn Malaysia, Johor, Malaysia

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 3, 2494-2505

Abstract: Urban regeneration efforts often face significant challenges due to the presence of brownfield sites, which pose financial, administrative, and policy issues. These sites can lead to negative environmental and social impacts, reducing the appeal and value of nearby properties. Due to the limited market evidence in Malaysia, this study investigates the impact of brownfield sites on house prices in Johor Bahru using a Multiple Regression Analysis (MRA) model. The research identifies key factors influencing house prices, including proximity to brownfield sites, and examines 691 housing observations over ten years. Results show no significant impact of an abandoned apartment building on house prices, suggesting that distance from certain brownfield sites may not deter buyers. These findings are valuable for property market stakeholders and urban planners, offering insights for future urban regeneration projects. Future research could explore other types of brownfield sites and employ more precise distance measures to understand their impact on the housing market further, supporting urban regeneration goals.

Date: 2025
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