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

Fatin Afiqah Md. Azmi ()
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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:

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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"

Keywords: Economic Thought; Heritage; Market Value; Property Transaction; Real Estate; Sustainable (search for similar items in EconPapers)
JEL-codes: D23 D29 (search for similar items in EconPapers)
Pages: 5
Date: 2022-06-30
New Economics Papers: this item is included in nep-sea
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Published in Global Journal of Business and Social Science Review, Volume 10, Issue 2.

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DOI: 10.35609/gjbssr.2022.10.2(1)

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