Factors affecting the demand of affordable housing among the middle-income groups in Klang Valley Malaysia

Zainon, N. and Mohd-Rahim, F.A. and Sulaiman, S. and Abd-Karim, S.B. and Hamzah, A. (2017) Factors affecting the demand of affordable housing among the middle-income groups in Klang Valley Malaysia. Journal of Design and Built Environment, 17. pp. 1-10. ISSN 1823-4208

Full text not available from this repository.
Official URL: https://ejournal.um.edu.my/index.php/jdbe/article/...

Abstract

Housing affordability has been a major concern issues in Malaysia especially those living in major cities like Kuala Lumpur and Selangor. Purchasing a “dream home” is one of those life accomplishments that top nearly everyone’s bucket list. Searching for a home comes with different considerations; housing market outcomes can be influenced by a range of different factors. In the long run. house prices will tend to converge to the cost of new housing construction. For that reason, this study aims to identify the determinants affecting the purchase decision among middle-income groups. The data was collected through questionnaire survey that was distributed in the Klang Valley area. The data was gathered then analysed using descriptive analysis and inferential statistical tests. Findings identified factors that have driven up the demand for housing, and in particular for home ownership, in recent years. It reveals that the affordable house price factor is the most important consideration in buying a house. This study would shed light for the developers in developing housing schemes based on the consumers1 preferences and could become a basis for the government to revise the current housing scheme policy’s design specifically in Malaysia.

Item Type: Article
Uncontrolled Keywords: Affordable housing; Homeowners hip; House price; Middle income households
Subjects: T Technology > TH Building construction
Divisions: Faculty of the Built Environment
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 08 Jun 2018 01:11
Last Modified: 08 Jun 2018 01:11
URI: http://eprints.um.edu.my/id/eprint/18847

Actions (login required)

View Item View Item