Measuring the willingness to pay for houses in a sustainable neighborhood

Teck Hong Tan

MPRA Paper from University Library of Munich, Germany

Abstract: This paper determine the responsiveness of the willingness to pay to changes in structural, locational, and neighborhood attributes of housing that incorporate sustainability objectives. In this study, 299 households from Kuala Lumpur and Selangor in Malaysia were interviewed. Results show that housing developers should build the neighborhood that promotes sustainability as house buyers generally are willing to pay more to live in a sustainable neighborhood. In order to build a progressive low carbon economy, the government should create the vision and give policy directions and guidelines that describe all aspects necessary of a sustainable neighborhood.

Keywords: Sustainable Neighborhood; Sustainability; Willingness to Pay; Malaysia (search for similar items in EconPapers)
JEL-codes: C42 Q56 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-env and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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https://mpra.ub.uni-muenchen.de/46815/1/MPRA_paper_46815.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:30446

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