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...

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Main Authors:	Mohamed Osman, Mariana, Shuid, Syafiee, Bachok, Syahriah, Khalid, Najihan
Format:	Conference or Workshop Item
Language:	English English
Published:	2016
Subjects:	NA9080 Urban planners
Online Access:	http://irep.iium.edu.my/50593/ http://irep.iium.edu.my/50593/ http://irep.iium.edu.my/50593/3/Bandung.pdf http://irep.iium.edu.my/50593/8/50593.pdf

id	iium-50593
recordtype	eprints
spelling	iium-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 Conference or Workshop Item 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/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	NA9080 Urban planners
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
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.
format	Conference or Workshop Item
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
title	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_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_sort	housing prices and affordability issues among local people in malaysia: a case study of the perak state, malaysia
publishDate	2016
url	http://irep.iium.edu.my/50593/ http://irep.iium.edu.my/50593/ http://irep.iium.edu.my/50593/3/Bandung.pdf http://irep.iium.edu.my/50593/8/50593.pdf
first_indexed	2023-09-18T21:11:30Z
last_indexed	2023-09-18T21:11:30Z
_version_	1777411283709067264

Housing prices and affordability issues among local people in Malaysia: a case study of the Perak State, Malaysia

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