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DOI 10.35609/gjbssr.2022.10.2(1)

Reference to this paper should be referred to as follows: Azmi, F.A.M; Maimun, N.H.A. (2022). Patterns in Number of Property Transactions of Pre-War Shophouse Case Study: Penang, Malacca and Kelantan, GATR-Global J. Bus. Soc. Sci. Review, 10(2), 72–76. https://doi.org/10.35609/gjbssr.2022.10.2(1)

Received: April 11, 2022 | Accepted: June 30, 2022

Patterns in Number of Property Transactions of Pre-War Shophouse Case Study: Penang, Malacca and Kelantan
Fatin Afiqah Md. Azmi , Nurul Hana Adi Maimun
Centre for Real Estate Studies, Universiti Teknologi Malaysia, Johor, Malaysia Abstract

Objective - Economic sustainability of heritage property can be measured through an active property transaction of a pre-war shophouse in the study areas. This paper investigates the breakdown of a number of pre-war shophouse transactions in Penang, Malacca, and Kelantan.

Methodology/Technique - The documentary method notably the Annual Property Market Report was collected and analysed.

Finding - The results demonstrated that in Penang, the pre-war shophouse sub-sector saw mixed movements in the number of transactions while the commercial property-like pre-war shophouse sub-market was generally stable in Malacca and in Kelantan's commercial sub-sector, the pre-war shophouse performed moderately in the review period.

Novelty - These patterns of a number of property transactions of a pre-war shophouse in three study areas proved that the heritage property has a sustainable market value.

Type of Paper - Review

Keywords: Economic Thought; Heritage; Market Value; Property Transaction; Real Estate; Sustainable

JEL Classification: D23, D29.

URI: http://gatrenterprise.com/GATRJournals/GJBSSR/vol10.2_1.html

DOI: https://doi.org/10.35609/gjbssr.2022.10.2(1)

Pages 72–76

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