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Boom-Bust Housing Price Dynamic: The Case of Malaysia

Year 2017, Volume: 7 Issue: 4, 132 - 138, 01.12.2017

Abstract

This paper aims to differentiate housing price bubble from a housing price cycle through the investigation and analysis of the price volatility driving components using graphical analysis, cointegrating regression and mean reversion regression. The findings suggest that Malaysia is not facing any housing bubble at the point of time since there is no sharp upsurge and rapid fall of house prices. The recent upswing in house prices followed by a gradual coming down rather reflect a severe price cycle which started in 2009. The peak was observed in 2013 and since then has reversed into a continuous but gradual fall. The cycle is persisting and has not bottomed out yet. Our results show that the main reasons for the price booms are speculative herd instinct and lax in house loan lending policy before 2012. Subsequently the various anti cooling measures by the Malaysian government have helped to control price expansion.

Year 2017, Volume: 7 Issue: 4, 132 - 138, 01.12.2017

Abstract

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Details

Other ID JA26FR69KZ
Journal Section Research Article
Authors

Yip Chee Yin This is me

Woo Kok Hoong This is me

Oon Kam Hoe This is me

Nabihah Binti Aminaddin This is me

Nurfadhilah Binti Abu Hasan This is me

Publication Date December 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 4

Cite

APA Yin, Y. C., Hoong, W. K., Hoe, O. K., Aminaddin, N. B., et al. (2017). Boom-Bust Housing Price Dynamic: The Case of Malaysia. International Journal of Economics and Financial Issues, 7(4), 132-138.
AMA Yin YC, Hoong WK, Hoe OK, Aminaddin NB, Hasan NBA. Boom-Bust Housing Price Dynamic: The Case of Malaysia. IJEFI. December 2017;7(4):132-138.
Chicago Yin, Yip Chee, Woo Kok Hoong, Oon Kam Hoe, Nabihah Binti Aminaddin, and Nurfadhilah Binti Abu Hasan. “Boom-Bust Housing Price Dynamic: The Case of Malaysia”. International Journal of Economics and Financial Issues 7, no. 4 (December 2017): 132-38.
EndNote Yin YC, Hoong WK, Hoe OK, Aminaddin NB, Hasan NBA (December 1, 2017) Boom-Bust Housing Price Dynamic: The Case of Malaysia. International Journal of Economics and Financial Issues 7 4 132–138.
IEEE Y. C. Yin, W. K. Hoong, O. K. Hoe, N. B. Aminaddin, and N. B. A. Hasan, “Boom-Bust Housing Price Dynamic: The Case of Malaysia”, IJEFI, vol. 7, no. 4, pp. 132–138, 2017.
ISNAD Yin, Yip Chee et al. “Boom-Bust Housing Price Dynamic: The Case of Malaysia”. International Journal of Economics and Financial Issues 7/4 (December 2017), 132-138.
JAMA Yin YC, Hoong WK, Hoe OK, Aminaddin NB, Hasan NBA. Boom-Bust Housing Price Dynamic: The Case of Malaysia. IJEFI. 2017;7:132–138.
MLA Yin, Yip Chee et al. “Boom-Bust Housing Price Dynamic: The Case of Malaysia”. International Journal of Economics and Financial Issues, vol. 7, no. 4, 2017, pp. 132-8.
Vancouver Yin YC, Hoong WK, Hoe OK, Aminaddin NB, Hasan NBA. Boom-Bust Housing Price Dynamic: The Case of Malaysia. IJEFI. 2017;7(4):132-8.