Determining the Criteria for the Classification of Purpose Built Office Buildings in Malaysia

Abstract

The Malaysia property market is deficient of key indicators to make an objective assessment of the market situations. In the effort to monitor the commercial property market performance, it would be useful to develop an indicator that will be useful for the construction of property indices. As such, to develop such indices for commercial properties, it is necessary to assess the performance of each office building through a classification framework. This paper highlights the identification of the criteria to be adopted in the classification of the purpose built office buildings in Malaysia. Through the investigation of the local and international practices as well as the literature on office building classification, a set of criteria was selected for local adoption. In arriving at the final set of criteria, a series of expert panel group discussions were held. This paper highlights the findings of the initial investigation of the identified criteria and the expert panel discussions held in an attempt to arrive at the final classification framework.