Category FAQs Search : Housing Development in Malaysia/Sarawak
Question: ABANDONED RESIDENTIAL HOUSING PROJECTS IN NORTHERN PENINSULAR MALAYSIA : PROBLEMS, CHALLENGES AND IMPLICATIONS
Answer: The abandoned residential projects have become the global issue in construction industry and Malaysian has no exception on this. It was quite a worrying issue as any failure of the projects to be completed on time would portray negative image towards construction industry as well as affecting the economy globally. Looking into this situation, this paper aims to propose ways in mitigating this issue, but this only can be done, after a thorough review is made on the causes and its implications towards construction industry. Using questionnaire surveys and tests such as Kaiser-Meyer Olkin (KMO), Spearman’s ranking correlation, Cronbach’s alpha reliability test and Garrett ranking method, the results of this paper established that major causes of abandoned housing projects could be categorised into economic recession, financial problems of developers, insufficient of legal provisions, poor management and policy, law and regulations. It was found also that this situation would definitely give several implications on environmental, social and environmental. Hence, this paper suggests a further research to be conducted to find a workable solution on minimising this issue.
(Source: Pustaka Negeri Sarawak, 07 Jul 2021)
Source Link: http://www.jcreview.com/?mno=136735