Category FAQs Search : Housing Development in Malaysia/Sarawak
Question: THE IMPACT OF LIBERALIZATION ON HOUSE PRICE IN MALAYSIA
Answer: When the property liberalization was announced in 2009, Malaysia faced high demand from foreigners.
Consequently the price of houses increased significantly. This paper intends to examine the impact of
liberalization on house price, using quarterly set data between the period of Q1:1999 and Q4:2012. By
utilizing Johansen Cointegration test, the relationship between liberalization and house price in Malaysia is
proceeded with Vector Error Correction Model. The findings show that liberalization has a positive however
insignificant impact on house price, thus warrant further research to be taken in order to achieve consistent
results in the relationship between liberalization and house price.
(Source: , 20 Sep 2021)
Source Link: http://www.ijbs.unimas.my/images/repository/pdf/Vol20-no1-paper9.pdf