Identification of Relevant Risks in Abandoned Housing Projects in Malaysia: A Qualitative Study

Published Date
24 October 2012, Vol.62:1281–1285, doi:10.1016/j.sbspro.2012.09.219

World Conference on Business, Economics and Management (BEM-2012), May 4–6 2012, Antalya, Turkey

Open Access, Creative Commons license

Title 

Identification of Relevant Risks in Abandoned Housing Projects in Malaysia: A Qualitative Study

• Author 

• Abdul Aziz Abdullah ^a,,
• Hamzah Abdul Rahman ^b

• aUniversiti Sultan Zainal Abidin, Faculty of Business Management and Accountancy, Gong Badak Campus, 21300 Kuala Terengganu, Terengganu, Malaysia
• bUniversity of Malaysa, Research & Inovation, 8th Floor, Chancellery, 50603, Kuala Lumpur, Malaysia

Available online 17 December 2012.

Abstract

In 2010, it was reported that there are over 45,339 units of abandoned houses in the state of Selangor, Malaysia. This is situation has brought adverse implication to house buyers and the national housing delivery system. The aim of this study is to identify the relevant risks in managing abandoned housing project and formalized the ways to manage these risks. To achieve this end, a semi-structured interview will be conducted. The sample of this study is obtained from the on-going and completed abandoned projects managed by the Syarikat Perumahan Negara Berhad (SPNB), a wholly owned company of the Ministry of Finance. The expected finding is the identification of relevant risks pertaining to abandoned project and the ways to manage these risks. The finding provides two contributions. First is the contribution to the additional knowledge on risk management in reviving abandoned projects. Second is that this study provides insights to the governing agencies on how to manage the risk of completing abandoned project. It is envisaged that the identification of the relevant risks would furnish preliminary inputs required to further develop the framework of risk of abandoned project undertaken by SPNB and other similar entities.

Keywords

Risk Management

Relevant Risk

Abandoned Housing Project

References

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• ⁎ 
  Corresponding author. Tel.: +6 013 239 1920.

For further details log on website :

http://www.sciencedirect.com/science/article/pii/S1877042812036609