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Factors influencing sharia housing product pricing in Bandung city: a preliminary study
Rizky Nurul Majid1, Raden Aswin Rahadi2, Taufik Faturohman3, Eneng Nur Hasanah4.
This study aims to define the sharia property, a new concept from business property
to fulfil the needs of Muslims community in buying houses without intermediaries banking
institutions, particularly in Bandung. The study also tries to uncover the most dominant factor
which affects people to purchase sharia housing. 138 respondents from Bandung city was
surveyed, with various demographic backgrounds. The data are examined using descriptive
and regression analysis. The variables of this research are housing preferences like the overall
physical qualities, price, development concept, and location preference. The study findings
suggested that in overall, consumers have embraced the idea of Sharia housing concept in
Bandung, Indonesia. They grasp it not only on the matter of Riba, but also in the insight of
investment. It proves by the interest from consumers who are non-Moslem. The results of this
study would be beneficial for all stakeholders, particularly for the consumers, property
developers, government, and academicians.
Affiliation:
- Institut Teknologi Bandung, Indonesia
- Institut Teknologi Bandung, Indonesia
- Institut Teknologi Bandung, Indonesia
- Universitas Islam Bandung, Indonesia
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