SIGNIFICANCE OF THE STUDY
This research will reveal the relationship between the macroeconomic factors with respect to the housing prices in Malaysia. This research will explore the most significant relationship based on macroeconomic factor that currently affecting the rise of housing prices. Also the researcher hopes to discover that macroeconomic factors that break into inflation, income increment rate, and gross domestic product rate which has direct relationship with the rise of housing price. At the same time it is also to determine which one of the determinants has the most impact on housing price. As this study focus precisely to the housing price, it would be great recommendations for government to enhance more promising growth in the housing market for the citizen in Malaysia that need a house in their life. For the investor, this study will deed as a medium for them to assess the timing from the macroeconomic factor to purchase a house as part of their investment planning. Towards the end, the study provides a forecasted future trend of house price index in the next 3 years to give an overview for readers. Therefore, the overall study intends to contribute to enhancing of both investors and governments execution on scenario planning that have relationship upon the unpredictable rise of housing price in recent and the future.