Identifying critical factors of sale failure on commercial property types, shop houses by using multi attribute variable technique

Research output: Contribution to journalArticle

Abstract

The focus of this research is to identify the critical factors of shop houses sale failure in Bandar Baru Nilai and further up to discover the critical factors of sale failure of commercial property types, shop houses in new township as report by valuation and Property services department (JPPH) showed 5,931 units of shop houses in Malaysia is currently completed but remained unsold where Johor was recorded as the highest with unsold units followed by Negeri Sembilan. Bandar Baru Nilai (a district of Negeri Sembilan) is chosen as research sample for unsold shop houses units due to its strategic location which is near to KLIA, International Sepang Circuit, educational instituitions and surrounded by housing scheme but yet still has numbers of unsold units. Data of the research is obtained from literature review and survey question between developers, local authority, purchasers/tenant and local residents. Relative Importance Index (RII) method is applied in identifying the critical factor of shop houses sale failure. Generally, the factors of sale failure are economy, demography, politic, location and access, public and basic facilities, financial loan, physical of product, current stock of shop houses upon completion, future potential of subsale and rental, developer's background, promotion and marketing, speculation and time.

Original languageEnglish
Pages (from-to)3230-3235
Number of pages6
JournalResearch Journal of Applied Sciences, Engineering and Technology
Volume7
Issue number16
Publication statusPublished - 2014

Fingerprint

Sales
Marketing
Networks (circuits)

Keywords

  • Sale failure factor of shop houses
  • Sale of shop houses
  • Shop houses

ASJC Scopus subject areas

  • Engineering(all)
  • Computer Science(all)

Cite this

@article{c22665cd307e462cad69015e3e37ccf7,
title = "Identifying critical factors of sale failure on commercial property types, shop houses by using multi attribute variable technique",
abstract = "The focus of this research is to identify the critical factors of shop houses sale failure in Bandar Baru Nilai and further up to discover the critical factors of sale failure of commercial property types, shop houses in new township as report by valuation and Property services department (JPPH) showed 5,931 units of shop houses in Malaysia is currently completed but remained unsold where Johor was recorded as the highest with unsold units followed by Negeri Sembilan. Bandar Baru Nilai (a district of Negeri Sembilan) is chosen as research sample for unsold shop houses units due to its strategic location which is near to KLIA, International Sepang Circuit, educational instituitions and surrounded by housing scheme but yet still has numbers of unsold units. Data of the research is obtained from literature review and survey question between developers, local authority, purchasers/tenant and local residents. Relative Importance Index (RII) method is applied in identifying the critical factor of shop houses sale failure. Generally, the factors of sale failure are economy, demography, politic, location and access, public and basic facilities, financial loan, physical of product, current stock of shop houses upon completion, future potential of subsale and rental, developer's background, promotion and marketing, speculation and time.",
keywords = "Sale failure factor of shop houses, Sale of shop houses, Shop houses",
author = "Mohamad, {N. I.} and {Mohd Tawil}, Norngainy and Usman, {Ismar Minang Satotoy} and {Mohd Tahir}, Mazlan",
year = "2014",
language = "English",
volume = "7",
pages = "3230--3235",
journal = "Research Journal of Applied Sciences, Engineering and Technology",
issn = "2040-7459",
publisher = "Maxwell Scientific Publications",
number = "16",

}

TY - JOUR

T1 - Identifying critical factors of sale failure on commercial property types, shop houses by using multi attribute variable technique

AU - Mohamad, N. I.

AU - Mohd Tawil, Norngainy

AU - Usman, Ismar Minang Satotoy

AU - Mohd Tahir, Mazlan

PY - 2014

Y1 - 2014

N2 - The focus of this research is to identify the critical factors of shop houses sale failure in Bandar Baru Nilai and further up to discover the critical factors of sale failure of commercial property types, shop houses in new township as report by valuation and Property services department (JPPH) showed 5,931 units of shop houses in Malaysia is currently completed but remained unsold where Johor was recorded as the highest with unsold units followed by Negeri Sembilan. Bandar Baru Nilai (a district of Negeri Sembilan) is chosen as research sample for unsold shop houses units due to its strategic location which is near to KLIA, International Sepang Circuit, educational instituitions and surrounded by housing scheme but yet still has numbers of unsold units. Data of the research is obtained from literature review and survey question between developers, local authority, purchasers/tenant and local residents. Relative Importance Index (RII) method is applied in identifying the critical factor of shop houses sale failure. Generally, the factors of sale failure are economy, demography, politic, location and access, public and basic facilities, financial loan, physical of product, current stock of shop houses upon completion, future potential of subsale and rental, developer's background, promotion and marketing, speculation and time.

AB - The focus of this research is to identify the critical factors of shop houses sale failure in Bandar Baru Nilai and further up to discover the critical factors of sale failure of commercial property types, shop houses in new township as report by valuation and Property services department (JPPH) showed 5,931 units of shop houses in Malaysia is currently completed but remained unsold where Johor was recorded as the highest with unsold units followed by Negeri Sembilan. Bandar Baru Nilai (a district of Negeri Sembilan) is chosen as research sample for unsold shop houses units due to its strategic location which is near to KLIA, International Sepang Circuit, educational instituitions and surrounded by housing scheme but yet still has numbers of unsold units. Data of the research is obtained from literature review and survey question between developers, local authority, purchasers/tenant and local residents. Relative Importance Index (RII) method is applied in identifying the critical factor of shop houses sale failure. Generally, the factors of sale failure are economy, demography, politic, location and access, public and basic facilities, financial loan, physical of product, current stock of shop houses upon completion, future potential of subsale and rental, developer's background, promotion and marketing, speculation and time.

KW - Sale failure factor of shop houses

KW - Sale of shop houses

KW - Shop houses

UR - http://www.scopus.com/inward/record.url?scp=84901350519&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84901350519&partnerID=8YFLogxK

M3 - Article

AN - SCOPUS:84901350519

VL - 7

SP - 3230

EP - 3235

JO - Research Journal of Applied Sciences, Engineering and Technology

JF - Research Journal of Applied Sciences, Engineering and Technology

SN - 2040-7459

IS - 16

ER -