
Hishamuddin Mohd. AliUniversity of Technology Malaysia | UTM · Real Estate Department
Hishamuddin Mohd. Ali
PhD (Property Investment and Finance) (Salford)
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83
Publications
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Introduction
Skills and Expertise
Additional affiliations
August 1996 - present
Publications
Publications (83)
This study evaluated the dynamics of Real Estate Investment Trusts (REITs) in Pan-Asian countries impacted by COVID-19. The countries comprised Malaysia, Thailand, Indonesia, Singapore, Vietnam, South Korea, Japan, China, the Philippines, and Hong Kong. The study aimed to understand how the global crisis affected the real estate industry, specifica...
This study aims to examine government expenditure, investment, economic growth and inflation and their effect on labor absorption in the Special Region of Yogyakarta (DIY) in the 2010–2019 research period and to prove the Okun’s law and Phillips curve in DIY. Methodologically, this research was conducted using quantitative methods using secondary d...
The impact of Urban Riverfront Development (URD) affords an increasing of value for adjacent industrial properties within riverfront area. However, the impacts in terms of percentage of increment value, radius of impact coverage, distribution of industrial properties that effected by URD are difficult to be evaluated without using an appropriate to...
Managing commercial real estate is extremely complex and cumbersome and involves many stakeholders who provide access to and modify a variety of information. This led to some common issues with traditional commercial real estate management such as lack of transparency, third-party interference, the complexity of the agreements, record keeping and s...
The topic of idle land, especially in agriculture, seems to have a consequence on both agricultural production and land utilization. Malaysia's government normally takes a diplomatic approach to idle land concerns, providing financial assistance, facilities, and agricultural input to urge landowners to develop the idle lands. Actual studies on the...
The impact of Urban Riverfront Development (URD) affords an increasing of value for adjacent industrial properties within riverfront area. However, the impacts in terms of percentage of increment value, radius of impact coverage, distribution of industrial properties that effected by URD are difficult to be evaluated without using an appropriate to...
It is widely accepted that risk and uncertainty are integral parts of the property valuation process. Uncertainty in property valuation is derived from the characteristics of property itself. The issue pertaining to risk and uncertainty in property valuations is currently one of the key concerns in global valuation practice to date in addressing th...
Purpose
There are a plethora of putative influencing variables available in the literature for modelling real estate prices using AI. Their choice tends to differ from one researcher to the other, consequently leading to subjectivity in the selection process. Thus, there is a need to seek the viewpoint of practitioners on the applicability and leve...
The delivery of information or news in a community is very much emphasized so that all announcements related to the community and neighbourhood can be delivered clearly, truthfully and quickly. The selection of delivery system indicators also depends on the level of acceptance of the community in a neighbourhood. This means, sometimes residents ’as...
Isu tanah terbiar terutamanya kategori pertanian memberi impak kepada kapasiti pengeluaran bahan makanan serta penggunaan tanah yang terbaik. Kerajaan Malaysia lazimnya menggunakan kaedah diplomasi untuk menangani isu tanah terbiar melalui penyediaan bantuan modal, infrastruktur dan input tanaman bagi mendorong pemilik tanah membangunkan tanah mili...
In order to fulfil the increasing energy demand, Malaysia aims to reduce carbon emission by 45 percent by 2030, and becomes fully carbon neutral by 2050. However, promoting this energy has inevitably forced this new industry to face some drawbacks particularly related to land matters, especially solar farm development, which is still new in the cou...
Over the past decade, the Malaysian government has put its effort into various programmes to promote solar energy in the country. As for now, Large Scale Solar (LSS) is the biggest programme conducted by Sustainable Energy Development Authority (SEDA) and permitted by Energy Commission (EC). As the large-scale solar does not have any proper guideli...
A relatively high level of precision is required in real estate valuation for investment purposes. Such estimates of value which is carried out by real estate professionals are relied upon by the end-users of such financial information having paid a certain fee for consultation hence leaving little room for errors. However, valuation reports are of...
In price modelling for office real estate, it is necessary to statistically define and analyse the variables that determine their prices. While there abound in literature different variables, however price determinants may be peculiar to specific regions cum locations and time. Some parts of African nations are presently undergoing crises in terms...
Despite the plethora of Housing finance programs and related policy debates over the years, few studies have reported the key drivers for supporting effective Housing finance operation towards Home mortgage transactions. The involvement of government and associated Housing professionals is argued to play a vital role in encouraging homeownership an...
The aim of this article is to outline the important factor required towards effective Housing finance in Nigeria subject to the operations of the National Housing Fund Scheme. This is presented in a model in their hierarchical order of importance (Credit Policy, Banks’ Financial Structure and Land Accessibility). Data was obtained through questionn...
Housing and neighborhood conditions can significantly affect health, safety, and well-being of citizens in a country. The current COVID-19 outbreak and its manner of transmission tests the potential resilience of nations, while revealing various economic, political, and health challenges – whereby housing being one and in fact the basis of them. Th...
With numerous ecosystem services of urban green spaces (UGS), contributing to sustainability and a better quality of life, UGS provision is perceived as a pivotal role in urban planning. However, concern arises as to what extent local governments have effectively provided good quality and adequate quantity of UGS for the public? Provisioning those...
The trend in real estate price estimation tends towards the adoption of artificial intelligence (AI) where micro variables related to real estates have been widely adopted. Whereas, macroeconomic variables also have a significant role in price determination. This study, therefore, examined the trends in both micro and macroeconomic variable adoptio...
Water resource management at public university become a crucial issue when it was allied with water consumption among the students. It was due to an excessive water service charge faced by university and simultaneously effect on optimization of university’s cost. However, an initial effort to reduce the cost is by investigating the water consumptio...
The complexity in housing affordability issue requires more consideration beyond mere economic viability. To increase life quality and well-being, the percentage of income spent on rent by individual household is essential for consideration. This study attempts to evaluate low income affordability level in Ado-Ekiti, Ekiti State Nigeria. A structur...
Valuation is often said "an art and science". However, it is well known that valuation is more of an "art" than a “science” in which no two valuers could perhaps arrived at the same value. The disparities in the valuation variance pose a point of concern. This research attempts to identify the behavioural uncertainties during valuation decision mak...
Valuation is often said "an art and science". However, it is well known that valuation is more of an "art" than a “science” in which no two valuers could perhaps arrived at the same value. The disparities in the valuation variance pose a point of concern. This research attempts to identify the behavioural uncertainties during valuation decision mak...
This paper examines the risk and return profile of listed property companies in Asian developed property markets. The less developed property market consists of Philippines, Sri Lanka, China, India, Indonesia, and Vietnam. This paper was conduct over the period of January 1994 to December 2014. The data was used in form of monthly price indices fro...
This paper examines the risk and return profile of listed property companies in Asian developed property markets. The less developed property market consists of Philippines, Sri Lanka, China, India, Indonesia, and Vietnam. This paper was conduct over the period of January 1994 to December 2014. The data was used in form of monthly price indices fro...
The practice of providing property tax assessment incentives within the green building sector has been empirically documented to encourage the growth of green buildings. However, no definite and uniform basis has been adopted in the development of these incentive models. Additionally, these incentives require local authorities to bear the implement...
Nowadays, housing index not merely act as housing performance indicator but also been transformed into financial product that based on housing index. There are two issues to be considered in this paper which are temporal aggregation and seasonality problem in housing index. Seasonality appeared in time series when the price or index movement is rep...
Islamic REIT (I-REITs) were introduced to the Malaysian stock market approximately ten years ago. This paper assesses dynamic linkages by using the Granger causality test of I-REITs. The study period is from 2008 to 2014. The study concentrates on comparisons between I-REITs and conventional REITs (C-REITs) and provides a better overview of compari...
The aim of this study is to identify the predictive factors and variables that motivate decisions to supply sustainable or green commercial properties, and to apply discriminant analysis technique to assess if there are significant differences in perception between real estate developers in Malaysia and Nigeria based on the identified variables. Th...
Urban Riverfront Development (URD) provides an opportunity for the development of economic growth within the riverfront area. However, the nature of sustainability assessment practice for URD in Malaysia is tended to be more focuses on social and environment aspect. Whereas, the economic impact of the URD that reflects on property market as a vehic...
Despite the existing literature regarding institutional influence on
traditional commons, there is still a comparative dearth of research that theorises
property-rights structure and its impact on contemporary commons. This is
particularly true for public open space (POS) governance: its management and
utilisation and hence its quality, of which un...
Islamic Real Estate Investment Trusts (I-REITs) have been established to enhance the Islamic Capital Market. Almost 10 years of establishment of I-REITs, it is interesting to study the performance of this Islamic property investment vehicle because it is a potential and unique asset class that not fully explored. This paper examines the risk-adjust...
Property owners and end-users (tenants and owner-users) have an important role in the development of sustainable real estate assets. This is due to the fact that they experience the benefits of sustainability in their buildings, which would promote the development of more sustainable buildings in the industry. The aim of this paper is to discuss th...
This paper discusses real estate management and services related with space management. The discussion is then focused on space utilisation as a tool for measuring the performance of space management in higher education institutes (HEIs). The main objective of this paper is to investigate the use of space utilisation as a tool for measuring space p...
Malaysian government has introduce public low-cost housing during Malaysian Plan as an initiative to help the low-income household owners and squatters. However, in developing the low-cost housing, the quality and environmental aspects should be emphasized. Post Occupancy Evaluation (POE) is an approach in assessing existing building performance an...
This paper presents the development of a space utilization model to accommodate the increasing demand of academic spaces in higher education institutions (HEIs) as well as to overcome the lack of awareness, knowledge and skills towards space utilization. The model developed using interviews and focus group discussions. The system development life c...
This study focuses on the development of stratified residential property management services framework by identifying and investigating the management services and their major attributes in providing a well-structured framework of property management service delivery. The methodology towards this study involves the intensive reading and review of v...
This paper shares the factors that affect space utilization rate in the Malaysian public higher education institutions. The factors, which gathered through a qualitative study involving academics and practitioners are, people, place and process. This helps the Malaysian public universities to understand what they can afford to put forward in order...
Company performance self-assessment (CoPSA), whose fundamental purpose is to provide a check-and-balance mechanism for practice performance through progress-and-performance self-assessment (PaPSa) is yet to be in place in the facilities management industry. Specially needed by facilities service outsourcing firms (FSOFs), CoPSA benefits the top man...
This paper examines an assessments of physical environment elements in public low-cost housing focusing amongst occupants in Johor Bahru consists of facilities, spaces and services offered in each housing unit. The data of study was obtained through questionnaire involved a sum of 868 occupants using convenience sampling. The collected data was ana...
Public universities’ budget constraint faces various challenges in maintaining their building facilities. A cost management solution in based on life-cycle cost through activity-based could provide the systematic approach in organizing, monitoring and analyzing process of facilities' maintenance costs. The aim of this paper is to determine the impo...
The aim of this paper is to identify determinants of Malaysian real estate investment trust (REITs). By identifying the correct combination of these determinants, it able to assist the REITs companies to construct their property allocation strategy (PAS). However, studies on REITs’ performance in Malaysia showed few arguments on Malaysian REITs. De...
This paper addresses the need to develop a Local Geospatial Data Infrastructure (LGDI) for sustainable urban development. This research will highlight the effective and efficient framework for the development of local infrastructure. This paper presents a framework (a combination of domain based and goal based frameworks) for developing a Local Geo...
Graphical abstract Abstract This paper examines the application of property market models in Malaysia. The aim is to determine the relevance, success and trend of models in explaining problems of the property market. The theoretical underpinning of the property market form the foundation of the property market model where models represent the real...
The development of sustainable buildings continues to gain momentum in Malaysia due to its many benefits. The Kuala Lumpur City Hall stipulated that the construction of every commercial building must meet the requirements of green features with at least ‘GBI Gold’ level or equivalent. With the growing interest in green development, questions were r...
High-impact floods have become a virtually annual experience in Malaysia,
yet flood insurance has remained a grossly neglected part of comprehensive integrated
flood risk management. Using discriminant analysis, this study seeks to identify the
demand-side variables that best predict flood insurance purchase and risk aversion
between two groups of...
Malaysia bid for transition to low carbon cities and greener economy may be severely compromised without adequate green skills to keep pace with it. Based on an online survey of 132 respondents from 45 registered companies under Malaysian Green Building Confederation (MGBC), this study adopts Kendall’s rank correlation to assess the degree of agree...
Various measures were undertaken to internalize the state-owned common pool resource (CPR) based public open space’s (POS) externalities which arisen from the perennial commons’ dilemmas, yet, to date, not a single adaptive governance strategy has been discovered. Thus, a review of trans-disciplinary analytic perspectives is required, which thereof...
Minuscule discussion of research on institutional property-rights structure has rudimentarily determined the POS governance (usage and management) and its quality. Thus, two objectives are highlighted; (i) to examine Sabah's current practice in urban-rural POS governance and (ii) explore the POS’ social dilemma that tied in with such institution. R...
There have been a plethora of researches on the significance of public open space (POS) in contributing to societies' sustainability. However, by virtue of identified maladaptive policy-based-property rights structure, such a shared good becomes vulnerable to tragedy of the urban commons (overexploitation) that subsequently leads to burgeoning numb...
This article is a contemporary research because it has a discipline in design, build and get solution from the analysis that using the updated data. It’s about measurement for elements of shopping mall’s servicescapes. Servicescapes is noteworthy as it is one of the factors that can attract the customers or can make them keep away from visiting the...
Securing flood insurance for real estate properties in flood-hit areas is rather uncertain under the Malaysian scenario. This study attempts to identify the demand-side factors of flood insurance in coastal residential areas, and to examine how these factors differentiate between two groups of respondents, namely flood insurance purchasers and non-...
The importance of living " green " has evolved and practiced around the globes nowadays. This included greening the buildings in order to absorb the benefits of living in green in daily life. There are lots of new and existing buildings that being transformed into green building. The development of green buildings got well supports from all channel...
This paper proposes to measure the space usage for teaching and learning space in Universiti Teknologi Malaysia (UTM). The objective of this paper is to measure the space performance for UTM. The data was collected through interview and questionnaire. This research is analysed by using both qualitative and quantitative technique. Results from analy...
Residential segregation could be regarded as a process whereby two or more distinct communities who formerly lived together separate from one another due to many factors. Residential segregation is not only applicable to small communities but rather to a larger region. As a result of the ongoing civil unrest that engulfed the city of Jos, there has...
This paper proposes to benchmark the performance of space management in Universiti Teknologi Malaysia (UTM). The main objective of this paper is to measure the efficiency of space management for Higher Educations Institutes (HEIs) through benchmarking the space utilization for teaching and learning rooms. The data was collected through interview, q...
Rating is a major source of income for local authorities. The basis of rating is the assessed values of property holdings from which property tax can be charged. The traditional single valuation method contributes to the inconsistency of assessed values because locational factors are not considered objectively. The traditional method is also unable...
The constructions of buildings and dwellings have long been known to increase the number of trips generated on existing road network. However, how these buildings and dwellings affect road infrastructure is not well understood. It is the purpose of this study to evaluate the impact of property development on road infrastructure as measured by road...
The paper presents the examination of company size effect to the risk and return. Many previous studies explore the effects of size to the securitised real estate such as real estate share and real estate trust from the perspective of returns, risk and asset allocation. The study aims to explore the effects of size to the performance of listed real...
The Strategic Management Information System (SMIS) with integrated approach as a one of method to achieve the capability information system for organization such land administration. However, must concern several issue such as integrate legal and institutional infrastructures; governance & cross-government collaboration; structure and cultural mana...