Centre for Real Estate Research (CRER)
Real estate is one of the valuable assets owned by the government and public. However, the rapid urbanization has intensified the complexity in real estate management which subsequently require professional skills in property valuation and development, real estate agency practice and property management. The proposed research centre would explore the opportunities of providing consultancy services and establishing collaborative partnership with academics, practitioners, organisations or professional bodies. In addition, the Centre also provides research related training to FOBE staff and students in order to cultivate a strong research culture in the Faculty.
Vision
The Centre strives to become a premier research centre in the areas of real estate and policy and collaborate with world leading research centres in producing top tier research findings.
Objectives
CRER aims to produce high quality and impactful research for strengthening the knowledge and skills among the real estate profession by:
Research and Development - To conduct research relating to real estate management; to secure internal and external research grant; to explore the opportunities for external collaborations.
Training and Consultancy - To provide consultancy services to private sector and various industries in terms of relevant market-driven, and business-related projects; to facilitate conferences, workshops and seminars to public or organization.
Industry-oriented Education - To develop several areas of excellence which will bring distinctiveness to the work of the faculty, the programmes that the faculty offers and the wider community; to invite prominent speaker and subject experts from academics/industry practitioners (national and international) to share their experience; and to facilitate relevant talk/seminar/symposium/workshop/colloquium.
Our Focus & Activities
The main focus of the Centre is to produce high research output and promote external collaboration. Hence, members of the Centre will actively participate in group research depending on their areas of specialization. Research, consultancy and training in real estate management will be the main theme of the Centre’s activities.
Publications
2024
TAR UMT Unveils Inaugural Malaysian House Price Index Forecast
SOURCE: Malay Mail; Nanyang Property
AUTHORS: Prof. Sr Ts. Dr Ting Kien Hwa and Assoc. Prof. Ts. Dr Cheng Chin Tiong
RESEARCH CENTRE: CRER
SDG: 11
ABSTRACT:
The inaugural Malaysian House Price Index (MHPI) from the Centre for Real Estate Research at Tunku Abdul Rahman University of Management and Technology (TAR UMT) has made significant contributions to understanding Malaysia's housing market dynamics. Published in a major newspaper such as Malaymail and Nanyang Siang Pau, this impactful research forecasts a varied growth across different types of residential properties for 2024. It predicts an appreciation in terrace homes by 2.77%, closely aligning with the inflation rate, while projecting a decline in detached homes by 1.62%. The report also estimates slight growths for semi-detached and high-rise homes. Utilizing the ARIMA forecasting model, this research provides crucial insights that can guide investors, homebuyers, and policymakers in making informed decisions, thus highlighting its relevance and utility in public discourse and policy formulation.
This research also aligns with the Sustainable Development Goals (SDGs), particularly Goal 11 which aims to make cities and human settlements inclusive, safe, resilient, and sustainable. By providing detailed forecasts on housing market trends, the MHPI helps policymakers and stakeholders develop strategies that could lead to more sustainable urban planning and development. The insights from the index can be used to address affordable housing challenges, manage urban sprawl, and promote environmentally responsible construction practices. This contributes to better informed regulatory frameworks and investment strategies that support sustainable development in Malaysia's rapidly urbanizing landscape.
2023
SOURCE: Journal of the Malaysian Institute of Planners or Planning Malaysia
AUTHORS: Chin Tiong Cheng & Hon Choong Chin
RESEARCH CENTRE: CRER
SDG: 11
CITATION: Cheng, C.T.; Chin, H.-C. Concern over property value: Will the sitting of petrochemical hub influencing housing price? Journal of the Malaysian Institute of Planners or Planning Malaysia 2023, 21(3), 1-10. https://planningmalaysia.org/index.php/pmj/article/view/1280/961
ABSTRACT:
Malaysia is a major exporter for petrochemical products. In line with this, the petrochemical industry is experiencing continuous growth and expansion. This study intends to examine the effect of the establishment of petrochemical hub on nearby housing price. Using residential transaction data of year 2016-2022 nearby Gebeng Industrial Area, we analyse the effect of the sitting of petrochemical hub via hedonic models. Our result indicates that the sitting of petrochemical hub will influence the housing price in which those located nearby will experience higher appreciation in property prices. This study is essential inclea ring the doubt that housing price will be negatively influenced by petrochemical hub. Our findings further indicate that there is a need to educate local residents on the impact of the industry cluster on their house, in mitigating local opposition due to concern over declination of housing price due to the sitting of petrochemical hub.
SOURCE: IOP Conference Series: Earth and Environmental Science
AUTHORS: Nur F. A. M. Lehan & Khairul H. Kamarudin
RESEARCH CENTRE: CRER
SDG: 11
CITATION: Nur F. A. M. Lehan and Khairul H. Kamarudin 2023 IOP Conf. Ser.: Earth Environ. Sci. 1264 012001
DOI 10.1088/1755-1315/1264/1/012001
ABSTRACT:
Malaysia's Shared Prosperity Vision 2030 Strategic Thrust 1 stated that the business and industry ecosystem to be strengthened and expected to contribute almost 50% of the country's GDP. This agenda is indeed in line with Goal 11 of UN-SDG that aims to develop sustainable and resilient cities and communities by 2030. However, due to the result of the global pandemic in 2020, many micro, small and medium enterprises (MSMEs), particularly tourism-services oriented, were heavily affected and, unfortunately, the last to recover. The industry suffered a significant decline in revenue due to halting of operations, travel bans, and lockdowns resulting in delays to the continuity plan of business operations. As a result, there was a reduction in workforce and some of MSMEs were forced to cease their operations. Based on questionnaire-guided interviews of 53 respondents, this paper firstly will deliberate extensive review of the impacts of COVID-19 pandemic on MSMEs in East Malaysia state of Sabah, particularly in tourism-centric regions of Kundasang and Kota Belud areas. Secondly, the explanation of smart GIS solutions through network analyses, in helping MSMEs rejuvenate their business operations as soon as possible during and after the disaster events. The results from GIS Network Analysis for disaster event simulation and outputs show that each case study region reflected differently according to different disaster types and intensities. From the outputs, the study proposed an integrated framework consisting of MSMEs' capital of economic, social, and environmental problem-solving phase, together with an operational framework of Disaster-Business Continuity Plan (DBCP).
SOURCE: The Property Manager
AUTHOR: Alan Chong Kim Wing
RESEARCH CENTRE: CRER
SDG: 11
CITATION: Chong, K.W. Green Lease Benefits and Implementation Challenges 2023. The Property Manager Vol. 5 (4) pp.20-25.