Decision making methods at initiation phase for housing development

• Main Authors: Zainal, Rozlin, Kasim, Narimah, Sarpin, Norliana, Seow, Ta Wee, Shamsudin, Zarina, Mat Radzuan, Indera Syahrul
• Format: Article
• Language: English
• Published: Exceling Tech Pub 2017
• Subjects: HD1361-1395.5 Real estate business
• Online Access: http://eprints.uthm.edu.my/4394/1/AJ%202017%20%28159%29%20Decision%20making%20methods%20at%20initiation%20phase%20for%20housing%20development.pdf; http://eprints.uthm.edu.my/4394/

Late delivery and sick housing project problems were attributed to poor decision making. These problems are the string of housing developer that prefers to create their own approach based on their experiences and expertise with the simplest approach by just applying the obtainable standards and rules in decision making. This paper seeks to identify the decision making methods for housing development at the initiation phase in Malaysia. The research involved Delphi method by using questionnaire survey which involved 50 numbers of developers as samples for the primary stage of collect data. However, only 34 developers contributed to the second stage of the information gathering process. At the last stage, only 12 developers were left for the final data collection process. Finding affirms that Malaysian developers prefer to make their investment decisions based on simple interpolation of historical data and using simple statistical or mathematical techniques in producing the required reports. It was suggested that they seemed to skip several important decision- making functions at the primary development stage. These shortcomings were mainly due to time and financial constraints and the lack of statistical or mathematical expertise among the professional and management groups in the developer organisations.