Cash-Cow into the Purse of Malaysian Property Investors: Students Housing Investment
Abstract
Growing demand for higher education (HE) and increasing students enrolment in higher education institutions (HEI) has been a global issue especially in the last three decades and housing the growing student population has become a dilemma for all concern HEIs stakeholders. Globally increasing demand for HE and enrolment has long been not corresponding with student housing supply. Most HEIs provide housing accommodation for a small proportion of their total students’ population while the majority depend on private rental sector for their alternative housing. In most of the HEIs neighbouring community residential houses were rented out to students. These houses are not sufficient to accommodate the teaming student population because the market is dominated by traditional small-scale private developers. However, with the continuing expansion and demand for HE, increasing enrolment and increasing students housing demand, the study highlighted and suggested for private investors to pull up and dig into student housing investment. This will ameliorate and fill the shortfall created by inadequacy of HEIs housing provision. Student housing investment is a resilient market, lucrative venture and guaranteed cash cow.
Keywords
Full Text:
PDFReferences
1. Nimako, S., & Bondinuba, F. (2013). Relative importance of student accommodation quality in higher education. Current Research Journal in Social Sciences, 5(4), 134–142.
2. Muslim, M. H., Karim, H. A., & Abdullah, I. C. (2012). Challenges of Off-Campus Living Environment for Non-Resident Students’ Well-Being in UiTM Shah Alam. Procedia – Social and Behavioral Sciences, 50, 875–883.
3. Muslim, M. H., Karim, H. A., & Abdullah, I. C. (2013). Well-Being of UiTM Shah Alam Students Living in Off-Campus Environment. Asian Journal of Environmental-Behaviour Studies, 4(13), 147–158.
4. Spieler, A., Ong, S. E., & Petrova, M. (2013). Demand for university student housing: An empirical analysis. Journal of Housing Research, 22(2), 141–164.
5. Onwong’a, M. (2012). An assessment of impacts of the growth of hostel accommodation on other land uses: a case study of Ngara west sub-location, Nairobi (Doctoral dissertation, University of Nairobi). Retrieved from http://erepository.uonbi.ac.ke/
6. Zaransky, M. H. (2006). Profit by investing in student housing: Cash in on the campus housing shortage. Chicago: Kalplan Publishing.
7. Powley, T. (2013, June 3). How to invest in students property. Financial Times. Retrieved from https://www.ft.com/content/45dde256-cc39-11e2-9cf7-00144feab7de
8. Rugg, J., Rhodes, D., & Jones, A. (2000). The nature and impact of student demand on housing markets. York: Joseph Rowntree Foundation.
9. Garg, M., Gupta, K., & Jha, R. (2014). An empirical study on market research of organized students’ housing industry in India. International Journal of ICT and Management, 2(2), 143–154.
10. Garmendia, M., Coronado, J. M., & Urena, J. M. (2011). University Students Sharing Flats: When studentification Becomes Vertical. Urban Studies, 49(12), 2651–2668.
11. Kenna, T. 2011. Studentification in Ireland? Analysing the impact of students and student accommodation on Cork City. Irish Geography, 44(2–3), 191–213.
12. Khozaei, F., Ayub, N., Hassan, A. S., & Khozaei, Z. (2010). The Factors Predicting Students’ Satisfaction with University Hostels, Case Study, Universiti Sains Malaysia. Asian Culture and History, 2(2), 148–158.
13. Jones Lang LaSalle. (2012). Student housing: a new global asset class. Retrieved from http://www.aninver.com/fotos/file/blog/Global-Student-Housing-Report-November-2012.pdf
14. Savills World Research. (2013, Summer). Spotlight European Student Housing. Retrieved from http://pdf.savills.com/documents/European_Student_Spotlight_2013.pdf
15. Ong, W. M. (2013). Students’ Expectations and Perceptions of Service Quality Performance: University student advisors in Australia, Malaysia and Singapore (Doctoral dissertation, RMIT University). Retrieved from https://researchbank.rmit.edu.au/view/rmit:160441/Ong.pdf
16. Omar, D. B., Abdullah, F., Yusof, F., Hamdan, H., Nasrudin, N., & Abdullah, I. C. (2011). The impacts of off-campus students on local neighbourhood in Malaysia. International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering, 5(10,) 1221–1227.
17. Goglobal Investments Group. (2017). Student Properties for Sale in the UK. Why invest in UK student property? Retrieved July 5, 2017, from https://www.goglobalinvestments.com/properties/student-property-investments
18. Davidson, M. (2013, August 13). The best place to invest in student property. The Telegraph. Retrieved from http://www.telegraph.co.uk/property/investmentinproperty/10273660/The-best-places-to-invest-in-student-property.html
19. Nimako, S. G. & Bondinuba, F. K. (2013). An empirical evaluation of student accommodation quality in higher education. European Journal of Business and Social Sciences, 1(12), 164–177.
20. Collinson, P. (2010, August 21). The best and the worst student accommodation. The Guardian. Retrieved from http://www.theguardian.com/money/2010/aug/21/best-worst-student-accommodation
21. Gopal, P. (2008, March 13). College towns: Still a smart investment. Retrieved from http://www.primepropertyinvestors.com/businessweek.pdf
22. Alaka, I. N., Pat-Mbano, E. C. & Ewulum, N. J. (2012). Contributions of Private Hostel Providers to Housing Needs of Imo State University Students, at Ugwuorji-Owerri Nigeria. Canadian Social Science, 8(2), 180-186.
23. Munro, M. & Livingston, M. (2012). Student Impacts on Urban Neighbourhoods: Policy Approaches, Discourses and Dilemmas. Urban Studies, 49(8), 1679-1694.
24. Hubbard, P. (2009). Geographies of Studentification and Purpose-Built Student Accommodation: Leading Separate Lives? Environment and Planning A, 41(8), 1903–1923.
25. Thomsen, J. (2008). Student Housing – Student homes? Aspects of student housing satisfaction (Doctoral thesis). Retrieved from https://brage.bibsys.no/xmlui/bitstream/handle/11250/231116/124643_FULLTEXT02.pdf?sequence=1&isAllowed=y
26. Ja’afar, W. (2012, June). Hostel management system (HMS) (Bachelor degree thesis). Retrieved from http://umpir.ump.edu.my/4840/1/WAN_NUR_HIDAYU_WAN_JAAFAR.pdf
27. Hammad, D. B., Musa, J. M., Rishi, A. G., & Ayuba, I. I. (2013). Criteria for the selection of students’ accommodation model in Nigeria tertiary institutions using analytic hierarchy process. Academic Research International, 4(5), 550–556.
28. Ministry of Education Malaysia (2014). Quick Facts 2014: Malaysia Educational Statistics. Retrieved from http://www.moe.gov.my/index.php/en/media/penerbitan/terbitan/buku-informasi/book/15/1?page=1
29. Gray, D. E. (2014). Doing research in the real world (3rd ed.). London: Sage.
30. Creswell, J. W. (2009). Research design: Qualitative, quantitative, and mixed methods approaches (3rd ed.). Los Angeles: Sage.
31. Bhattacherjee, A. (2012). Social science research: principles, methods, and practices (2nd ed.). Tampa: University of South Florida.
32. Marzbali, M., Abdullah, A., N. Razak, N., & Tilaki, M. (2011). A Review of the Effectiveness of Crime Prevention by Design Approaches towards Sustainable Development. Journal of Sustainable Development, 4(1), 160–172.
33. Naoum, S. G. (2007). Dissertation research & writing for construction students (3rd ed.). New York: Routledge.
34. Berg, B. L., & Lune, H. (2017). Qualitative research methods for the social sciences (9th ed.). Boston: Pearson.
35. Abdullahi, B. C., & Aziz, W. N. (2011). The role of private sector participation in achieving anticipated outcomes for low-income group: A comparative analysis of housing sector between Malaysia and Nigeria. African Journal of Business Management, 5(16), 6859-6890.
36. Population Reference Bureau. (2016). 2016 World population data sheet. Retrieved from http://www.prb.org/pdf16/prb-wpds2016-web-2016.pdf
37. Varghese, N. V. (Ed.). (2001). The Impact of the Economic Crisis on Higher Education in East Asia: Country Experiences. Paris: UNESCO and International Institute for Educational Planning.
38. Aziz, A., Siong, H., Tin, L., M. Hamzah, M., & Abdullah, D. (2011). Responding Towards Increasing International Student Enrolment in Malaysia. In International Higher Education Congress: New Trends & Issues.
39. Muslim, M. H., Karim, H. A., & Abdullah, I. C. (2012). Satisfaction of Students’ Living Environment between On-Campus and Off-Campus Settings: A Conceptual Overview. Procedia – Social and Behavioral Sciences, 68, 601–614.
40. Savills World Research. (2017). Spotlight UK student housing. Retrieved from http://pdf.euro.savills.co.uk/uk/spotlight-on/spotlight-uk-student-housing-2017.pdf
41. Savills World Research (2014). Spotlight World student housing. Retrieved from http://pdf.euro.savills.co.uk/residential---other/spotlight-world-student-housing-2014.pdf
42. Student House Business. (2017). The top developers in student housing. Retrieved 5 July, 2017, from http://www.studenthousingbusiness.com/
43. Rutman, S. (2013, March 13). Lesson for investing in student accommodation. Estate Gazette. Retrieved from http://www.traverssmith.com/media/1298904/lessons_for_investing_in_student_accommodation.pdf
44. Intelligent Partnership. (n. d.). Student Property: Risks and Reasons to Invest. Retrieved from https://intelligent-partnership.com/research-hub/student-property-risks-reasons-invest
45. Cooper, B. (2013). Investors urged to cast net wider. Property Magazine, 8, 63–65. Retrieved from https://investment-briefings.propertyeu.info/media/investors-urged-cast-net-wider/
46. Karpinski, M. (2015, March 13). Student accommodation in Malaysia. Retrieved from https://www.hotcoursesabroad.com/study-in-malaysia/student-accommodation/student-accommodation-in-malaysia/
47. The Sundaily. (2016, July 29). Felda launches second student accommodation property in London. Retrieved from http://www.thesundaily.my/node/383852
48. The Rakyat Post. (2015, February 14). Malaysia’s Higher Education World Class. Retrieved from http://www.therakyatpost.com/news/2015/02/21/malaysias-higher-education
49. Najib, N., Yusof, N., & Tabassi, A. (2015). Living in On-campus Student Housing: Students’ Behavioural Intentions and Students’ Personal Attainments. Procedia - Social and Behavioral Sciences, 170, 494–503.
Article Metrics
Metrics powered by PLOS ALM
Refbacks
- There are currently no refbacks.
Copyright (c) 2017 Zubairu Abubakar Ghani, Noralfishah Suleiman
This work is licensed under a Creative Commons Attribution 4.0 International License.
Email the author