An Exploratory Review of Whole Life Cycle Costing for Malaysia Property Development

  • Noorsidi Aizuddin Mat Noor Queensland University of Technology
  • Chris Eves Universiti Teknologi Malaysia
  • Noor Faizah Abdul Mutalib Universiti Malaya
Keywords: Property Development, Indicators, Property, Making process.

Abstract

The demand of implementing Whole Life Cycle Costing (WLCC) towards property development has increased since the launch of Value Management Circular 3/2009 by the Economic Planning Unit Malaysia. The circular made compulsory for all public construction projects and programmes including property development estimated more than RM 50 Million to conduct WLCC. However, a knowledge gap on WLCC approach still exists and becomes a barrier among the practitioners in Malaysia particularly in property development industry. The main focus of this paper is to explore and disclose the necessary requirement to ensure the WLCC approach can be implemented successfully in Malaysia such as other developed countries. This research has been done by reviewing and analysing all the related empirical researches and supported with surveys among twenty property managers in Malaysia. As a result, structured evaluation documents and indicators have been determined to be considered in Malaysia property development decision making process.

Downloads

Download data is not yet available.
Published
03-04-2012
How to Cite
Mat Noor, N. A., Eves, C., & Abdul Mutalib, N. F. (2012). An Exploratory Review of Whole Life Cycle Costing for Malaysia Property Development. Journal of Techno Social, 4(1). Retrieved from https://publisher.uthm.edu.my/ojs/index.php/JTS/article/view/1348
Section
Articles