Financing Low-Cost Housing in Malaysia
The purpose of this paper is to identify and analyse the methods of housing finance adopted by the low-income earners (both formal and informal) with a view to mitigating the hindrances faced by low-income earners (LIE) when accessing house loan in Malaysia. This was necessitated because low-inco...
| Main Authors: | , , |
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| Format: | Book Section |
| Language: | English |
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School of Social Sciences, USM
2017
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| Subjects: | |
| Online Access: | http://eprints.usm.my/40612/1/ART_38.pdf |
| _version_ | 1825834273958002688 |
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| author | Ebekoziena, Andrew Abdul-Aziz, Abdul-Rashid Jaafar, Mastura |
| author2 | A Kadir, Nadhrah |
| author_facet | A Kadir, Nadhrah Ebekoziena, Andrew Abdul-Aziz, Abdul-Rashid Jaafar, Mastura |
| author_sort | Ebekoziena, Andrew |
| collection | USM |
| description | The purpose of this paper is to identify and analyse the methods of housing finance adopted by
the low-income earners (both formal and informal) with a view to mitigating the hindrances faced
by low-income earners (LIE) when accessing house loan in Malaysia. This was necessitated
because low-income house-buyers faced severe problems in gaining access to credit at
affordable rates from private banking institutions. Hence, this paper presents the part-findings of
an ongoing study that reveals the various methods of financing low-cost housing (LCH) as
adopted by LIE in Malaysia. To achieve this, data were collected via in-depth interviews and
validated via secondary sources. Thematic analysis was adopted for the qualitative research and
3 themes (sources of LCH finance, encumbrances faced by LIE, and ways to mitigate) were
generated. Four states and one territory in Malaysia were covered. The study categorised the
sources of LCH financing into two (private and public sector credit institutions). From the findings,
ineligibility, down payment, hidden charges and reluctance by banks to lend to LIE were identified
by the participants as the major challenges of LCH finance facing the LIE in Malaysia. The
supervisory role expected from Bank Negara Malaysia should be resuscitated with a view to
ensuring that mortgage institutions total compliance to the mandate given to them in respect of
house loan to LIE is accomplished. Also, 2011 Malaysian National Housing Policy should be fully
implemented and monitored across the country by the appropriate agencies, among others were
recommended. |
| first_indexed | 2024-03-06T15:20:18Z |
| format | Book Section |
| id | usm.eprints-40612 |
| institution | Universiti Sains Malaysia |
| language | English |
| last_indexed | 2024-03-06T15:20:18Z |
| publishDate | 2017 |
| publisher | School of Social Sciences, USM |
| record_format | dspace |
| spelling | usm.eprints-406122018-05-25T06:18:20Z http://eprints.usm.my/40612/ Financing Low-Cost Housing in Malaysia Ebekoziena, Andrew Abdul-Aziz, Abdul-Rashid Jaafar, Mastura H1-99 Social sciences (General) The purpose of this paper is to identify and analyse the methods of housing finance adopted by the low-income earners (both formal and informal) with a view to mitigating the hindrances faced by low-income earners (LIE) when accessing house loan in Malaysia. This was necessitated because low-income house-buyers faced severe problems in gaining access to credit at affordable rates from private banking institutions. Hence, this paper presents the part-findings of an ongoing study that reveals the various methods of financing low-cost housing (LCH) as adopted by LIE in Malaysia. To achieve this, data were collected via in-depth interviews and validated via secondary sources. Thematic analysis was adopted for the qualitative research and 3 themes (sources of LCH finance, encumbrances faced by LIE, and ways to mitigate) were generated. Four states and one territory in Malaysia were covered. The study categorised the sources of LCH financing into two (private and public sector credit institutions). From the findings, ineligibility, down payment, hidden charges and reluctance by banks to lend to LIE were identified by the participants as the major challenges of LCH finance facing the LIE in Malaysia. The supervisory role expected from Bank Negara Malaysia should be resuscitated with a view to ensuring that mortgage institutions total compliance to the mandate given to them in respect of house loan to LIE is accomplished. Also, 2011 Malaysian National Housing Policy should be fully implemented and monitored across the country by the appropriate agencies, among others were recommended. School of Social Sciences, USM A Kadir, Nadhrah Rahmat, Siti Rahyla Mohd Tayeb, Azmil Mohd, Saidatulakmal 2017 Book Section PeerReviewed application/pdf en http://eprints.usm.my/40612/1/ART_38.pdf Ebekoziena, Andrew and Abdul-Aziz, Abdul-Rashid and Jaafar, Mastura (2017) Financing Low-Cost Housing in Malaysia. In: Social Sciences Postgraduate International Seminar (SSPIS) 2017. School of Social Sciences, USM, Pulau Pinang, Malaysia, pp. 293-301. ISBN 9789671544013 |
| spellingShingle | H1-99 Social sciences (General) Ebekoziena, Andrew Abdul-Aziz, Abdul-Rashid Jaafar, Mastura Financing Low-Cost Housing in Malaysia |
| title | Financing Low-Cost Housing in Malaysia |
| title_full | Financing Low-Cost Housing in Malaysia |
| title_fullStr | Financing Low-Cost Housing in Malaysia |
| title_full_unstemmed | Financing Low-Cost Housing in Malaysia |
| title_short | Financing Low-Cost Housing in Malaysia |
| title_sort | financing low cost housing in malaysia |
| topic | H1-99 Social sciences (General) |
| url | http://eprints.usm.my/40612/1/ART_38.pdf |
| work_keys_str_mv | AT ebekozienaandrew financinglowcosthousinginmalaysia AT abdulazizabdulrashid financinglowcosthousinginmalaysia AT jaafarmastura financinglowcosthousinginmalaysia |