Housing prices and affordability issues among local people in Malaysia: a case study of the Perak State, Malaysia
The objective of this paper is to determine factor influencing housing price in Perak. The study found that there are five factors which influenced the drastic increases in housing price in Perak. Factors identified namely the absence of control and monitoring of housing project, developers’ tendenc...
| Main Authors: | , , , |
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/50593/3/Bandung.pdf http://irep.iium.edu.my/50593/8/50593.pdf |
| _version_ | 1825649672732016640 |
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| author | Mohamed Osman, Mariana Shuid, Syafiee Bachok, Syahriah Khalid, Najihan |
| author_facet | Mohamed Osman, Mariana Shuid, Syafiee Bachok, Syahriah Khalid, Najihan |
| author_sort | Mohamed Osman, Mariana |
| collection | IIUM |
| description | The objective of this paper is to determine factor influencing housing price in Perak. The study found that there are five factors which influenced the drastic increases in housing price in Perak. Factors identified namely the absence of control and monitoring of housing project, developers’ tendency to develop land on piecemeal, the independent market policies that exposed to the speculative demand and profit investment maximization, the increase in construction cost, and the development of the new township. Besides that, the study used clustered convenience sampling questionnaire survey of 1,371 respondents in various districts in Perak to identify the affordability level of Perakian. Findings from analysis found that the most affordable house price should be below RM 140,000 for people income less than RM4,000. The existing state housing policy should be improved, where the requirement units for low cost, medium cost and the affordable house should be based on the local needs. Finally, the requirement of affordable housing units should differ based on this affordability level due to the differences in median income of the people in each district. |
| first_indexed | 2024-03-05T23:51:00Z |
| format | Proceeding Paper |
| id | oai:generic.eprints.org:50593 |
| institution | International Islamic University Malaysia |
| language | English English |
| last_indexed | 2024-03-05T23:51:00Z |
| publishDate | 2016 |
| record_format | dspace |
| spelling | oai:generic.eprints.org:505932016-07-20T06:30:12Z http://irep.iium.edu.my/50593/ Housing prices and affordability issues among local people in Malaysia: a case study of the Perak State, Malaysia Mohamed Osman, Mariana Shuid, Syafiee Bachok, Syahriah Khalid, Najihan NA9080 Urban planners The objective of this paper is to determine factor influencing housing price in Perak. The study found that there are five factors which influenced the drastic increases in housing price in Perak. Factors identified namely the absence of control and monitoring of housing project, developers’ tendency to develop land on piecemeal, the independent market policies that exposed to the speculative demand and profit investment maximization, the increase in construction cost, and the development of the new township. Besides that, the study used clustered convenience sampling questionnaire survey of 1,371 respondents in various districts in Perak to identify the affordability level of Perakian. Findings from analysis found that the most affordable house price should be below RM 140,000 for people income less than RM4,000. The existing state housing policy should be improved, where the requirement units for low cost, medium cost and the affordable house should be based on the local needs. Finally, the requirement of affordable housing units should differ based on this affordability level due to the differences in median income of the people in each district. 2016 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/50593/3/Bandung.pdf application/pdf en http://irep.iium.edu.my/50593/8/50593.pdf Mohamed Osman, Mariana and Shuid, Syafiee and Bachok, Syahriah and Khalid, Najihan (2016) Housing prices and affordability issues among local people in Malaysia: a case study of the Perak State, Malaysia. In: 2016 Advanced Research on Business, Management and Humanities (ARBUHUM 2016), 15th-17th March 2016, Bandung, Indonesia. (Unpublished) https://marocenet.com/ |
| spellingShingle | NA9080 Urban planners Mohamed Osman, Mariana Shuid, Syafiee Bachok, Syahriah Khalid, Najihan Housing prices and affordability issues among local people in Malaysia: a case study of the Perak State, Malaysia |
| title | Housing prices and affordability issues among local people in Malaysia: a case study of the Perak State, Malaysia |
| title_full | Housing prices and affordability issues among local people in Malaysia: a case study of the Perak State, Malaysia |
| title_fullStr | Housing prices and affordability issues among local people in Malaysia: a case study of the Perak State, Malaysia |
| title_full_unstemmed | Housing prices and affordability issues among local people in Malaysia: a case study of the Perak State, Malaysia |
| title_short | Housing prices and affordability issues among local people in Malaysia: a case study of the Perak State, Malaysia |
| title_sort | housing prices and affordability issues among local people in malaysia a case study of the perak state malaysia |
| topic | NA9080 Urban planners |
| url | http://irep.iium.edu.my/50593/3/Bandung.pdf http://irep.iium.edu.my/50593/8/50593.pdf |
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