3.1 Introduction
The old chapter discussed the definition of renovation and besides the factor impacting determination devising in deducing solution to obsolete edifice.
In this chapter, we will discourse the research methodological analysis. A proper research methodological analysis is of import because it will enable achievement of aims in this survey. An appropriate research methodological analysis application will besides avoid divergence against the aims and do certain clearer understanding on how this survey is carried out.
In add-on, the account about methods used to garner all the required information for the research will besides be included in this chapter. The method is chosen and selected is based on the effectivity and suitableness of the method to bring forth information for this survey. Besides, the truth and velocity in acquiring consequence is besides considered in choosing the best methods for this comprehensive survey.
3.2 Methodology of Research
The intent of this survey is to place the benefit of renovation undertaking. The coevals of this cognition will so be used to carry through the 2nd aim of this survey which is to look into the consequence of renovation undertaking in term of edifice public presentation and rental receivable. With the cognition obtained from the findings of both aims, the 3rd aim can so be fulfilled, which is to find whether most renovation undertaking win in heightening the market value with the sum of cost of renovation.
The methodological analysis to roll up information is an of import phase to guarantee all the needed information can be elicited from the respondents. Type of informations to be collected and method on how informations is to be collected will be discussed in inside informations in here.
3.2.1 Primary informations
Primary informations will find the success of the survey because most of the aims in this survey rely on the primary informations from assorted techniques every bit good as respondent. The two of import technique used in this survey to roll up primary informations in this study include distribution of the questionnaire and interviews.
Sampling
In choosing samples of the survey, respondents are selected by extinguishing those proprietors who had done any signifier of renovation on the edifices for the past 10 old ages. This is because the information that will be collected might non be really accurate and biased. Therefore, the samples to be selected are proprietors who are largely traveling to be engaged in the renovation or renovation in the hereafter. Then, 50 ain are selected base on the several standards such as office with low tenancy rate ( lower than 85 % ) , short economic life span and others. But, the response rate is instead low, whereby merely 13 questionnaires is emailed back
As for questionnaire 2, the respondents are constructing directors who has been really active. The mark group is those who have been involved with direction of office edifice in the Golden Triangle. Since the mark group is really large in figure, they are selected indiscriminately.
Questionnaire distribution
Questionnaire is one of the most widely used informations aggregation method in carry oning a study. In this survey, the questionnaire is used for descriptive and analytical study in order to happen out the factors that conveying about the betterment on edifice and factors impacting decision-making sing procedure rectifying edifice obsolescence. The questionnaire is distributed indiscriminately to the proprietor of office edifice located in Central Business District of Kuala Lumpur particularly office edifice along Jalan Tun Perak and countries around it.
The questionnaire 1 will be distributed to the respondent via electronic mail found on the home page of the organisation. The intent of administering this questionnaire is to roll up information from the respondent about the renovation undertaking and furthermore to inquire the sentiment sing factors that contribute to the decision-making on method to rectify obsolescence of edifices. The distribution of questionnaire besides hopes to roll up positions of proprietors on the factor that encourages renovation and renovation of office edifice. A sum of 18 inquiry will be asked in the questionnaire 1.
On the other manus, questionnaire 2 will be distributed to edifice director who has been really active in the market. The intent of carry oning the 2nd questionnaire is to find the position of edifice director sing the factors that contribute to the decision-making on method of rectifying disused edifice. The sentiment of edifice director is really of import because as professional, they are obliged to take attention of their client involvement. Therefore, they will gives the most sensible reply. There is a sum of 16 inquiry in questionnaire 2.
3.2.2 Secondary informations
Secondary informations will be obtained from the books that comprise diary, mention books, conference documents, newspaper articles, articles in the cyberspace and other beginnings. Besides, other beginnings like studies and newspaper articles are besides used to corroborate the basic information of renovation undertook by instance survey predetermined.
Literature reappraisal plays an of import function in explore what is already exists in the country of stipulated survey. The reappraisal forms the foundation for the research proper. The consequence of others research is critical to give a clear position on the capable affair of survey to be conducted.
Assorted agencies of garnering relevant information were besides available, illustration utilizing web sites and diary that have been published in newspapers. Among the information searched in this survey are with respect to refurbishment undertaking undergone in Malaysia, peculiarly in Golden Triangle. Other relevant information such as the cost of renovation undertaking and others are can besides be found in major newspaper.
3.3 Questionnaire Design
The inquiries were developed after the literature reappraisal has been completed. The footing of the inquiries was the findings made in the literature reappraisal. In general, the questionnaire takes the signifier of multiple-choice inquiry. Multiple-choice inquiry is more advantageous in clip and money economy. By curtailing the reply set, it is easier to cipher per centums and other difficult statistical informations over the whole group or over any subgroup of participants. Multiple pick inquiries can besides do it easier to track sentiment over clip by administrating the same questionnaire to different but similar sampling groups at regular intervals. It allows the research worker to filtrate out useless or utmost replies that might happen in an interview.
But, at the same clip, some inquiries are construction inquiries which include recommendation or elucidation from renters is besides needed. This is to do certain recommendation from respondents is besides heard.
In the questionnaire, the inquiries asked are of a mixture of multiple-choice inquiries, and evaluation inquiries. The multiple-choice inquiries provide a scope of likely replies that are required for the information analysis. These types of inquiries are formulated to ease the respondents in replying the inquiries, as they merely need to take the most relevant replies from the list of likely replies provided. In add-on, the responses can be easy classified, doing analysis really straightforward. The multiple-choice inquiries are besides less clip consuming, as all the respondents are contractors who might non willing to pass much clip on replying questionnaires.
Likert graduated table is chosen for evaluation inquiries for the respondent to bespeak their grade of understanding to a specific fact or sentiment, by taging a 5-point Likert graduated table runing from Not Agree to Highly Agree as shown in Figure 5.1. A Likert graduated table is a type of psychometric response graduated table used in questionnaires, and it is most widely used graduated table in study research. The Likert graduated table is besides called the summational graduated table, as the consequence of a questionnaire is frequently achieved by summing numerical assignments to the responses given ( Wikiwpedia.com )
In this study, a 5-point Likert graduated table is provided to should inquire for an understanding or dissension of respondent towards a statement. A 5- point liker graduated table is advocated so that respondents can hold a “ impersonal ” in-between point and non “ forced ” to do determination. Hopefully, this can increases rate of responses
1-Strongly disagree ; 2- Disagree ; 3- Neutral ; 4- Agree ; 5-Strongly agree
3.4 Structure of Questionnaire 1
Basically, the questionnaire will be distributed to the edifice proprietors. It was divided into three subdivisions. Section A is the portion where demographic information is gathered while Section B is for obtaining the information which describes importance of renovation and renovation and their several advantage. Section C trades with the factors impacting decision-making in rectifying bedraggled office edifices. Last portion is merely decision. A sum of 12 inquiries were set in the questionnaire.
Section A: Demographic Data
This portion is designed to obtain background information of the proprietors. The basic inquiries include how long the organisation had owned the edifice and others information like the status of the edifice. Such information is relevant as they provide basic information on the edifice in the positions of proprietors.
3.4.2 Section B: Importance of renovation and renovation and their several advantage
The 2nd portion of the questionnaire is formed to garner information on the importance of renovation and renovation and their several advantages. Factor to renovate or redevelop office edifice in Golden Triangle is determined. The advantage of renovation over renovation and frailty versa is besides discussed here.
3.4.3 Section C: Factor act uponing decision-making of renovation and renovation
Factor impacting decision-making of renovation and renovation is determined in subdivision C. In this subdivision, factor that will act upon proprietors ‘ decision-making is identified and investigated.
3.5 Structure of Questionnaire 2
Basically, the questionnaire will be distributed to the edifice director. It was divided into three subdivisions. Section A is the portion where demographic information is gathered while Section B is for obtaining the information which describes importance of renovation and renovation and their several advantage. Section C trades with the factors impacting decision-making to rectify bedraggled office edifices. Last portion is merely decision. A sum of 19 inquiries were set in the questionnaire.
3.5.1 Section A: Demographic Data
This portion is designed to obtain background information of the edifice director. The basic inquiries include how long he had been in the belongings direction and others information like the renovation undertakings in Golden Triangle of Kuala Lumpur. Such information is relevant as they provide basic information on the edifice in the positions of edifice director.
3.4.2 Section B: Importance of renovation and renovation and their several advantage
The 2nd portion of the questionnaire is formed to garner information on the importance of renovation and renovation and their several advantages. Factor to renovate or redevelop office edifice in Golden Triangle is determined. The advantage of renovation over renovation and frailty versa is besides discussed here.
3.4.3 Section C: Factor act uponing decision-making of renovation and renovation
Factor impacting decision-making of renovation and renovation is determined in subdivision C. In this subdivision, factor that will act upon edifice directors ‘ decision-making of renovation and renovation is identified and investigated.
4.5.4 Relevance of information
The information such as factor that conveying approximately renovation and renovation of office edifice is of import to state the benefit of renovation undertaking to the proprietor. This is to find whether proprietor acquire higher lease with higher tenancy position. If he does, so he gets immediate benefit from the renovation undertaking.
Such information is besides of import to place the factor renovation Oregons undertaking is justified by the addition in belongings market value. A simple computation which shows market value of edifice before and after the renovation undertaking is done. Then, the difference in market value is compared with the cost of refurbishment undertakings. If the cost is lower than the difference in market value, it means that the renovation undertaking is feasible and give proprietor greater return in long tally.
4.6 Tools and method for informations analysis
After the questionnaires have been returned via electronic mail, the procedure of analysing informations can be initiated. Analyzing informations from study is a method to looks for the relationship between the consequences of the respondent, and compare them. All the consequence collected will be translated into different signifier, such as chart, pie, tabular arraies and other format. Later, a drumhead sing consequence of the questionnaire will besides be discussed.
4.6.1 Tools for analysis
Microsoft Excel and SPSS version 15 are widely used tool to analyze informations. In this survey, the two package were besides used. Microsoft Excel is used to simple informations analysis like making tabular array and charts in a proper mode
The SPSS Version 17 is a merchandise widely used for the analytical procedure planning, informations aggregation, informations direction and informations aggregation. Besides, the plans are besides used to creates charts, tabular array, diagrams, and links two variables to demo the differences or similarities between the informations. After information is insert, it will be analyzed and presented in tabular array or other signifiers. Explanations and justification is besides made for the consequence of the informations. Once the procedure is finished, decision can be drawn up to sum up the analysed inquiry.
Method for analysis
SPSS provides a broad assortment oftest and analysis to enable the research worker to analyse and obtain any needed information. Therefore, it is critical to make up one’s mind a proper and accurate method in the analysis. Several types of methods were selected and applied in the analysis of the full questionnaire.
