An analysis of real estate market responses towards climate resilient policies in Malaysia and Indonesia
As global warming increases climate-related disasters, countries must address its impact on real estate. Malaysia’s National Policy on Climate Change, Green Building Index, and National Urbanisation Policy, along with Indonesia’s National Action Plan on Climate Change, Climate Resilience and Adaptat...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
e-International Publishing House Ltd., UK
2024
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/115610/1/115610_An%20analysis%20of%20real%20estate%20market.pdf http://irep.iium.edu.my/115610/ https://ebpj.e-iph.co.uk/index.php/EBProceedings/article/view/6219 |
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| Summary: | As global warming increases climate-related disasters, countries must address its impact on real estate. Malaysia’s National Policy on Climate Change, Green Building Index, and National Urbanisation Policy, along with Indonesia’s National Action Plan on Climate Change, Climate Resilience and Adaptation Strategy, and Disaster Management Law, highlight climate resilience in real estate. This study examines these policies and their effects on the real estate markets in Malaysia and Indonesia using qualitative methods. The findings reveal that property values in both countries have increased due to a growing emphasis on sustainability and durability in the market. |
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