Dynamism of Property Market in Malaysia- An Empirical Perspective

Science Press Release Distribution Services

Dynamism of Property Market in Malaysia- An Empirical Perspective

April 22, 2021 Economics and Management 0

The property cycle can be described as a logical sequence of recurring events in the real estate market with erratic fluctuations. These events have an effect on property supply and demand, as well as the property market. The property cycle indicator (PCI) is critical for predicting and assessing real property cycle fluctuations in a given region, and even globally, so that policymakers and investors can take early precautions and alternatives to avoid any unfavourable outcomes. In order to promote economic development and financial stability, the government plays a critical role. To prevent property bubbles, more efficient and appropriate policies can be developed and enforced using knowledge about potential property market trends. The property market cycle for an entire economy is of concern due to large changes in the modern property market cycle and big property price hikes. On indicator construction study, the findings of a directional accuracy test are also provided to assess the accuracy of PCI in forecasting the property market situation. The constructed PCI can predict Malaysia’s major property cycle turning points with up to 62.1 percent precision, according to directional accuracy test results. While the directional accuracy rate for the state-owned MHPI reached a high of 62.6 percent, lag 6 shows a directional accuracy of less than 50.0 percent. Furthermore, for both PCI and MHPI, binomial test results indicate that the constructed PCI outperforms the wild guess at the 10% significance stage, suggesting that the constructed PCI outperforms the wild guess. According to the empirical review, PCI moves consistently ahead of PSU, implying that PCI has a large number of signalling attributes against PSU. The BB dating algorithm was used to further investigate the amount of signalling attributes, and the results indicated that the built PCI yields a medium lead time for the Malaysian property market. It is also justified to use financial, macroeconomic, and property-related variables as component series in this book. Our book’s main goal is to demonstrate the profound unity of different branches of physics at the level of conservation laws and the medium state equation. Classical mechanics, gas and fluid dynamics, relativistic theory, thermodynamics, statistical and quantum physics are all explored in this path. The book is divided into ten parts, each of which examines theoretical issues, presents experimental data, and illustrates some technological applications.

Author(s) Details

Tai-Hock Kuek
Faculty of Economics and Business, Universiti Malaysia Sarawak, 94300 Kota Samarahan, Sarawak, Malaysia.

Chin-Hong Puah
Faculty of Economics and Business, Universiti Malaysia Sarawak, 94300 Kota Samarahan, Sarawak, Malaysia.

M. Affendy Arip
Faculty of Economics and Business, Universiti Malaysia Sarawak, 94300 Kota Samarahan, Sarawak, Malaysia.

View Book:- https://stm.bookpi.org/DPMMAEP/article/view/687

 

Leave a Reply

Your email address will not be published. Required fields are marked *