The impact of green spaces on residential property values in Malaysia

M. N. Alias, . and N. H. Hashim, . and W. Z. Wan Yusoff, . and M. A. Sulaiman, . and N. N. Zainol, . (2020) The impact of green spaces on residential property values in Malaysia. [Proceedings Paper]

This paper presents the impact of green spaces on property values in Malaysia. Green spaces are any place prepared with grass flowers trees benches gardens parks and playgrounds or meadows or other decorative or urban furniture elements used as decoration or for public uses. It is now assumed that sustainability indicators for urban planning will provide more criteria for urban green spaces as well as indexes representing the communitys satisfaction and perception of their living environments. In addition to the many economic ecological and psychological benefits urban green spaces will play a very important role in the creation of sustainable communities. Areas that are distinguished by a rise in the green coverage rate may help people transition to a healthier lifestyle. Many people prefer to choose eco-friendly houses due to the health and well-being of the occupants. The most important is in the reduction of operating energy and water costs from day one and for the entire life cycle of the building. Buying a house is a major decision that homebuyers will make because expenditure on homeownership has an influence on the homeowners quality of life. This paper discusses the benefits of urban green spaces based on sustainability aspects the physical social and economic dimensions and the impacts of green spaces towards property values. The paper aims to attempt sustainable green spaces evaluation criteria to examine the interaction between urban green spaces and their community to get most of their benefits. This study employs an approach to distributing a questionnaire to the respondents and optimize the use of descriptive analysis. The results revealed that although green spaces have many positive impacts in terms of environmental ecological and psychological and also as an important role in sustainable community development it shows that location and accessibility are the most factors that give more impact on property values.

Full text available from: Official URL: https://spel3.upm.edu.my/max/dokumen/green2020_E-P...

Abstract

This paper presents the impact of green spaces on property values in Malaysia. Green spaces are any place prepared with grass flowers trees benches gardens parks and playgrounds or meadows or other decorative or urban furniture elements used as decoration or for public uses. It is now assumed that sustainability indicators for urban planning will provide more criteria for urban green spaces as well as indexes representing the communitys satisfaction and perception of their living environments. In addition to the many economic ecological and psychological benefits urban green spaces will play a very important role in the creation of sustainable communities. Areas that are distinguished by a rise in the green coverage rate may help people transition to a healthier lifestyle. Many people prefer to choose eco-friendly houses due to the health and well-being of the occupants. The most important is in the reduction of operating energy and water costs from day one and for the entire life cycle of the building. Buying a house is a major decision that homebuyers will make because expenditure on homeownership has an influence on the homeowners quality of life. This paper discusses the benefits of urban green spaces based on sustainability aspects the physical social and economic dimensions and the impacts of green spaces towards property values. The paper aims to attempt sustainable green spaces evaluation criteria to examine the interaction between urban green spaces and their community to get most of their benefits. This study employs an approach to distributing a questionnaire to the respondents and optimize the use of descriptive analysis. The results revealed that although green spaces have many positive impacts in terms of environmental ecological and psychological and also as an important role in sustainable community development it shows that location and accessibility are the most factors that give more impact on property values.

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Item Type:	Proceedings Paper
AGROVOC Term:	Decorative greenery
AGROVOC Term:	Property
AGROVOC Term:	Urban areas
AGROVOC Term:	Surveys
AGROVOC Term:	Private ownership
AGROVOC Term:	Land ownership
AGROVOC Term:	Qualitative analytical techniques
AGROVOC Term:	Recreational areas
AGROVOC Term:	Public parks
AGROVOC Term:	Urban planning
Geographical Term:	MALAYSIA
Depositing User:	Ms. Suzila Mohamad Kasim
Last Modified:	24 Apr 2025 05:16
URI:	http://webagris.upm.edu.my/id/eprint/13830

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