A Hedonic Modelling of Land Property Value Based on the Effect of Flooding: A Case for Peninsular Malaysia Nur Hafizah Ismail, Mohd Zaini Abd. Karim, and Bakti Hasan Basri Abstract The effect of flooding on land property value is a major concern of all landowners. Numerous studies have already discussed the risk of potential decline in the value of land property situated in flood-prone areas; however, those that focused on the impact of flooding on land property in Malaysia are still limited. This chapter investigates the effect of flood on the value of agricultural and industrial land properties in Peninsular Malaysia. This chapter ’s results suggest that a metre increase in flood depth significantly decreases land property value by 44.6%. This result helps policymakers in designing and developing the policies of land property development that would minimize land property devaluation due to flood depth and help landowners in understanding the effect of flood on land property values. Keywords Flood depth · Hedonic pricing model · Land property value 1 Introduction IFRC (2009) reported flood as one of the natural disasters that have devastating effects on the environment and community. It is also among the most frequent and costly natural disasters in terms of human, livestock and asset losses. In terms of asset loss, floods can destroy infrastructures, buildings and properties. According to Queensland Floods Science, Engineering and Technology Panel (2012), the conse- quences of flood on both society and properties vary depending on its attributes such N. H. Ismail (*) · M. Z. Abd. Karim Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Sintok, Malaysia e-mail: zaini500@uum.edu.my B. Hasan Basri School of Economics, Finance and Banking, Universiti Utara Malaysia, Sintok, Malaysia e-mail: bakti@uum.edu.my © Springer Nature Singapore Pte Ltd. 2019 A. N. Mat Noor et al. (eds.), Proceedings of the Second International Conference on the Future of ASEAN (ICoFA) 2017 - Volume 1, https://doi.org/10.1007/978-981-10-8730-1_17 167