Home buyers’ perception on abandoned housing projects in Malaysia

Abandoned housing project has become a major issue in the housing industry in Malaysia. Despite several efforts by the government to curb the problem, it still exists in the country. The present study offers new insights on the perception of home buyers concerning abandoned housing projects in Malay...

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Main Authors:	Abdul Razak, Dzuljastri, Abu Samah, Zariah, Abdul Wahab, Abdul Hamid
Format:	Article
Language:	English
Published:	Zes Rokman Resources 2016
Subjects:	HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/52395/ http://irep.iium.edu.my/52395/ http://irep.iium.edu.my/52395/1/K9_92.pdf

id	iium-52395
recordtype	eprints
spelling	iium-523952017-04-28T08:12:56Z http://irep.iium.edu.my/52395/ Home buyers’ perception on abandoned housing projects in Malaysia Abdul Razak, Dzuljastri Abu Samah, Zariah Abdul Wahab, Abdul Hamid HG4001 Financial management. Business finance. Corporation finance. Abandoned housing project has become a major issue in the housing industry in Malaysia. Despite several efforts by the government to curb the problem, it still exists in the country. The present study offers new insights on the perception of home buyers concerning abandoned housing projects in Malaysia. Two Islamic home financing products which include Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah Partnership (MMP) are considered. The objective is to determine, based on the opinion of the respondents, which of these two products is more preferred and what are some of the potential causes of abandoned housing projects in Malaysia. The perception of home buyers is evaluated based on five main categories of items which include, financing concepts used, justice and fairness, pricing methods, legal and governance, and shari’ah compliance issues. The findings show that, using MMP concept in Islamic home financing is preferred as compared to BBA. Also, the insufficient laws and regulations as well as the use of BBA financing are viewed as some of the possible contributing factors to the problem of abandoned housing projects in Malaysia. Key words: Bai Bithaman Ajil, Musharakah Mutanaqiisah , Justice, Abandoned housing projects, Malaysia Zes Rokman Resources 2016-04 Article PeerReviewed application/pdf en http://irep.iium.edu.my/52395/1/K9_92.pdf Abdul Razak, Dzuljastri and Abu Samah, Zariah and Abdul Wahab, Abdul Hamid (2016) Home buyers’ perception on abandoned housing projects in Malaysia. International Journal of Business, Economics and Law, 9 (1). pp. 24-32. ISSN 2289-1552 http://ijbel.com/wp-content/uploads/2016/05/K9_92.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG4001 Financial management. Business finance. Corporation finance. Abdul Razak, Dzuljastri Abu Samah, Zariah Abdul Wahab, Abdul Hamid Home buyers’ perception on abandoned housing projects in Malaysia
description	Abandoned housing project has become a major issue in the housing industry in Malaysia. Despite several efforts by the government to curb the problem, it still exists in the country. The present study offers new insights on the perception of home buyers concerning abandoned housing projects in Malaysia. Two Islamic home financing products which include Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah Partnership (MMP) are considered. The objective is to determine, based on the opinion of the respondents, which of these two products is more preferred and what are some of the potential causes of abandoned housing projects in Malaysia. The perception of home buyers is evaluated based on five main categories of items which include, financing concepts used, justice and fairness, pricing methods, legal and governance, and shari’ah compliance issues. The findings show that, using MMP concept in Islamic home financing is preferred as compared to BBA. Also, the insufficient laws and regulations as well as the use of BBA financing are viewed as some of the possible contributing factors to the problem of abandoned housing projects in Malaysia. Key words: Bai Bithaman Ajil, Musharakah Mutanaqiisah , Justice, Abandoned housing projects, Malaysia
format	Article
author	Abdul Razak, Dzuljastri Abu Samah, Zariah Abdul Wahab, Abdul Hamid
author_facet	Abdul Razak, Dzuljastri Abu Samah, Zariah Abdul Wahab, Abdul Hamid
author_sort	Abdul Razak, Dzuljastri
title	Home buyers’ perception on abandoned housing projects in Malaysia
title_short	Home buyers’ perception on abandoned housing projects in Malaysia
title_full	Home buyers’ perception on abandoned housing projects in Malaysia
title_fullStr	Home buyers’ perception on abandoned housing projects in Malaysia
title_full_unstemmed	Home buyers’ perception on abandoned housing projects in Malaysia
title_sort	home buyers’ perception on abandoned housing projects in malaysia
publisher	Zes Rokman Resources
publishDate	2016
url	http://irep.iium.edu.my/52395/ http://irep.iium.edu.my/52395/ http://irep.iium.edu.my/52395/1/K9_92.pdf
first_indexed	2023-09-18T21:14:14Z
last_indexed	2023-09-18T21:14:14Z
_version_	1777411455515099136

Home buyers’ perception on abandoned housing projects in Malaysia

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