Geospatial Site Suitability for Sustainable Property Investment

Abstract

Determination of suitable location for investment with relevant price by considering surrounding facilities is challenging due to conventional assessment, which considering past experiences from friend's advice or family members has caused uncertainty in estimating the value of the property in Malaysia. Therefore, this study aims to (i) determine the set of criteria that influence property valuation and (ii) map a potential location for investment. Selection of criteria from previous studies was carried out in this study. The analytical hierarchy process (AHP), which is one of the multi-criteria decision analysis (MCDA) was used to assign the weight of selected criteria that influenced the property valuation and finally are integrated into Geographical Information System (GIS). Several criteria were determined as significantly affecting the property valuation, such as existing services, schools, government building, public defence, place of interest, healthcare and accessibility. However, the combination of the criteria was tested to choose significant criteria in Perlis's property environment. This study is beneficial for future developmental planning and helps the investor in locating a potential location as well as improvises a sustainable planning decision-making.