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The Development of Real Estate Agency in Malaysia
and The Overall Study of The Relationship between Economic Factors
real estate;real estate agency;agent;macroeconomics
|Issue Date: ||2012-03-22 15:05:27 (UTC+8)|
In recent year, real estate prices continue to rise in Malaysia. Price control for housing in China recently, leading to many real estate agency closed directly in China's major urban due to the dismal second-hand housing market.Although Shenzhen, Beijing, Shanghai and other cities’s house prices rose sharply but the housing occupancy rate is less than 50% .With the phenomenon of oversupply in the market and buying without living, it is worth learning and vigilance for us. Therefore, the purpose of this study is to study the development of real estate agency in Malaysia and the overall study of the relationship between economic factors.The real estate bubble may have a high degree of alertness to the consequences.
Study aimed to sort out the Malaysia real estate and real estate agency’s data and overview the current status and sort out overall economic factors in those variables on the existence of significant related to real estate and study 28 years of Malaysia's overall economic factors which affecting the development of real estate agency. Sample data by descriptive statistics, multiple regression, multiple collinearity diagnostics and other models and empirical results. The results showed that the import, export ,CPI, GDP and population have a significant positive correlation to the number of real estate agency, their turnover and their amount of real estate holdings. Birth rate and unemployment rate was significantly negatively correlated but the trade of balance is not significantly correlated. Number of real estate agency is affecting by the CPI, population and unemployment rates.Their total turnover is affecting by GDP and imports whereas the amount of real estate held is affecting by the GDP, imports, CPI and birth rate. There is a causal relationship between overall economy and real estate. By understanding the developments of the real estate agency, it will help to understand the overall economy status because the development of real estate agency will be changing from time to time which follow by the economic variables to adjust, the most direct factor affecting is GDP and CPI.
Hence, whether it is for home buyers, real estate investors, real estate agency or real estate developer, they must always have a high degree of sensitivity in order to reduce the investment risk against real estate market bubble, in order to avoid transition to non-rational investment behavior and the establishment of stable growth real estate markets.
|Appears in Collections:||[經營管理研究所] 博碩士論文|
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