An analysis of real estate market responses towards climate resilient policies in Malaysia and Indonesia

As global warming increases climate-related disasters, countries must address its impact on real estate. Malaysia’s National Policy on Climate Change, Green Building Index, and National Urbanisation Policy, along with Indonesia’s National Action Plan on Climate Change, Climate Resilience and Adaptation Strategy, and Disaster Management Law, highlight climate resilience in real estate. This study examines these policies and their effects on the real estate markets in Malaysia and Indonesia using qualitative methods. The findings reveal that property values in both countries have increased due to a growing emphasis on sustainability and durability in the market.

Publication Details

Journal
The International Islamic University Malaysia Repository (The International Islamic University Malaysia)
Published
2024-10-31
Primary Topic
Sustainable Building Design and Assessment
Type
article
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article

An analysis of real estate market responses towards climate resilient policies in Malaysia and Indonesia

The International Islamic University Malaysia Repository (The International Islamic University Malaysia)
Sustainable Building Design and Assessment
article

An analysis of real estate market responses towards climate resilient policies in Malaysia and Indonesia

article en

Abstract

As global warming increases climate-related disasters, countries must address its impact on real estate. Malaysia’s National Policy on Climate Change, Green Building Index, and National Urbanisation Policy, along with Indonesia’s National Action Plan on Climate Change, Climate Resilience and Adaptation Strategy, and Disaster Management Law, highlight climate resilience in real estate. This study examines these policies and their effects on the real estate markets in Malaysia and Indonesia using qualitative methods. The findings reveal that property values in both countries have increased due to a growing emphasis on sustainability and durability in the market.

The International Islamic University Malaysia Repository (The International Islamic University Malaysia)
Climate action
Openalex Percentile: Top 56%
Sustainable Building Design and Assessment
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An analysis of real estate market responses towards climate resilient policies in Malaysia and Indonesia · The International Islamic University Malaysia Repository (The International Islamic University Malaysia) (2024) | TGRS Research Map | TGRS