INVESTIGATING THE CORRELATION BETWEEN PROPERTY OVERHANG AND HOUSING SATISFACTION AMONG HOME BUYERS IN MALAYSIA

The Malaysian real estate sector has flourished due to the rapid advancement of the global economy in recent years. Nevertheless, property overhang continues to threaten the nation’s economy. This study seeks to enhance developers’ comprehension of purchasers’ preferences by assessing the correlation between characteristics contributing to residential overhang along with variables affecting satisfaction levels with residential buildings. Questionnaire surveys were distributed to 157 developers and property agents, of which 110 were completed and returned. Similarly, 148 surveys were distributed to homebuyers, with 110 responses received. The data was evaluated using the Statistical Package for the Social Sciences (SPSS) version 24.0, where Bivariate Correlation Analysis was performed. The study’s results indicated a positive correlation between the majority of the parameters, while a few exhibited a negative correlation with one another. Future research may examine the effects of property overhang on the nation and provide strategies to mitigate these effects, therefore raising awareness among developers, the real estate sector, and the construction sector.