Open AccessThe Effect on Unfavourable Economic Conditions in Malaysia to Abandoned Housing Project
Author(s) -
Farhayu Nur,
Annisaa Saidah,
Danial Salam
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.c1018.1183s319
Subject(s) - abandonment (legal) , business , wage , economics , natural resource economics , economic policy , market economy , political science , law
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.