The Effect on Unfavourable Economic Conditions in Malaysia to Abandoned Housing Project
Nur Farhayu Ariffin1, Saidah Annisaa Salam2, Adib Danial Kamaruddin3
1Nur Farhayu Ariffin, Senior Lecturer, Universiti Malaysia Pahang.
2Saidah Annisaa Salam, Post Graduate Student, Universiti Malaysia Pahang.
3Adib Danial Kamaruddin, Student, Universiti Malaysia Pahang.
Manuscript received on 26 November 2019 | Revised Manuscript received on 07 December 2019 | Manuscript Published on 16 December 2019 | PP: 423-428 | Volume-8 Issue-3S3 November 2019 | Retrieval Number: C10181183S319/2019©BEIESP | DOI: 10.35940/ijrte.C1018.1183S319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Abandoned of housing projects during construction is a prevailing problem that the housing sector in Malaysia has been experiencing since 1980s. This paper aims to highlight the causes and impacts of economic growth towards the abandoned housing projects. Factors pertaining to projects abandonment can be categorized into economic, financial, legal, managerial, system-related, and unforeseen risks. The study reveals main impacts of abandoned housing projects which is economic impacts. For this purpose, the study looks into how the extent of the impact of rising raw material prices, labour wage prices and transport machinery prices especially in Peninsular Malaysia towards the growth of number in abandoned housing project.
Keywords: Abandoned Housing Project, Construction Cost, Peninsular Malaysia.
Scope of the Article: Construction Economics