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- W4293294618 abstract "This paper illustrates the development of system dynamics model of housing market in Penang. The unsold housing stock is a critical issue that affects the financial status of construction companies in the housing market and have impact towards socioeconomic. This study aims to discover the factors that influenced the unsold housing stock problem from the perspective of housing demand and housing supply. The developed model is used to analyze the relationship between the identified factors, and to conduct interventions to assess the impact of designed strategies towards reducing the number of the unsold housing stocks. From the analysis, improving the home ownership program, and the review of existing housing price scheme, could help in reducing the number of unsold housing stock problem. However, the new housing price scheme in future could affect the housing supply activities by the construction companies. The findings of this study offer insight of housing problem which contribute to the achievement of sustainable development goal to ensure access for all to adequate, safe and affordable housing and basic services and upgrade slums." @default.
- W4293294618 created "2022-08-27" @default.
- W4293294618 creator A5054534573 @default.
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- W4293294618 date "2022-01-01" @default.
- W4293294618 modified "2023-10-17" @default.
- W4293294618 title "Analysing the unsold housing stock problem using system dynamics approach" @default.
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- W4293294618 doi "https://doi.org/10.1063/5.0092723" @default.
- W4293294618 hasPublicationYear "2022" @default.
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