Housing affordability in the state of Selangor, Malaysia

This paper examines the issue of housing affordability in the most developed state in Malaysia namely Selangor, looking within the context of housing as a need to every individual and increasing the quality of housing will improve peoples’ quality of life. In Malaysia, housing policies have focused...

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Main Authors:	Mohamed Osman, Mariana, Khalid, Najihan, Muhammad Yusop, Siti Wahidah
Format:	Article
Language:	English English
Published:	American Scientific Publishers 2017
Subjects:	HT51 Human settlements. Communities
Online Access:	http://irep.iium.edu.my/59127/ http://irep.iium.edu.my/59127/ http://irep.iium.edu.my/59127/ http://irep.iium.edu.my/59127/1/7%20EDITED%20Housing%20Affordability%20in%20the%20State%20of%20Selangor%2C%20Malaysia.pdf http://irep.iium.edu.my/59127/8/59127_Housing%20Affordability%20in%20selangor_scopus.pdf

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recordtype	eprints
spelling	iium-591272018-03-21T03:47:44Z http://irep.iium.edu.my/59127/ Housing affordability in the state of Selangor, Malaysia Mohamed Osman, Mariana Khalid, Najihan Muhammad Yusop, Siti Wahidah HT51 Human settlements. Communities This paper examines the issue of housing affordability in the most developed state in Malaysia namely Selangor, looking within the context of housing as a need to every individual and increasing the quality of housing will improve peoples’ quality of life. In Malaysia, housing policies have focused primarily on demand side and this has led to unregulated housing supply and prices. The study examines housing affordability with the view of housing for the low income group or bottom 40 percent of the population is necessary, thus improving the affordability of housing in general. Five perspectives are discussed, namely definition and measurement of affordability, household income, housing prices, affordable housing policy in Selangor; and econometric analysis of housing affordability. The paper analysed the housing affordability index (HAI) for the year 2014 in all nine districts in the state of Selangor using the median income over the overall median housing prices. From the analysis, it was found that the median all house prices for the state of Selangor was at RM300,000 with median annual income at RM74,568.00 making the affordability level is at 4.0, which is considered to be moderately unaffordable. Futhermore, the study identified more than 50% of the household in Selangor have an average monthly income of around RM6,214 making their affordable housing price, based on housing affordability index of 3, should be below RM220,000. The study found that locational factors, types of economic based of the areas and the income level of population influence the calculated index making the affordability level differ between districts. In certain districts, monitoring and control from the related authorities on the construction of affordable houses are essential in ensuring the continued supply of these houses to the targeted low income population within the community. American Scientific Publishers 2017-07 Article PeerReviewed application/pdf en http://irep.iium.edu.my/59127/1/7%20EDITED%20Housing%20Affordability%20in%20the%20State%20of%20Selangor%2C%20Malaysia.pdf application/pdf en http://irep.iium.edu.my/59127/8/59127_Housing%20Affordability%20in%20selangor_scopus.pdf Mohamed Osman, Mariana and Khalid, Najihan and Muhammad Yusop, Siti Wahidah (2017) Housing affordability in the state of Selangor, Malaysia. Advanced Science Letters, 23 (7). pp. 6188-6122. ISSN 1936-6612 E-ISSN 1936-7317 http://www.ingentaconnect.com/content/asp/asl/2017/00000023/00000007/art00022 10.1166/asl.2017.9218
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HT51 Human settlements. Communities
spellingShingle	HT51 Human settlements. Communities Mohamed Osman, Mariana Khalid, Najihan Muhammad Yusop, Siti Wahidah Housing affordability in the state of Selangor, Malaysia
description	This paper examines the issue of housing affordability in the most developed state in Malaysia namely Selangor, looking within the context of housing as a need to every individual and increasing the quality of housing will improve peoples’ quality of life. In Malaysia, housing policies have focused primarily on demand side and this has led to unregulated housing supply and prices. The study examines housing affordability with the view of housing for the low income group or bottom 40 percent of the population is necessary, thus improving the affordability of housing in general. Five perspectives are discussed, namely definition and measurement of affordability, household income, housing prices, affordable housing policy in Selangor; and econometric analysis of housing affordability. The paper analysed the housing affordability index (HAI) for the year 2014 in all nine districts in the state of Selangor using the median income over the overall median housing prices. From the analysis, it was found that the median all house prices for the state of Selangor was at RM300,000 with median annual income at RM74,568.00 making the affordability level is at 4.0, which is considered to be moderately unaffordable. Futhermore, the study identified more than 50% of the household in Selangor have an average monthly income of around RM6,214 making their affordable housing price, based on housing affordability index of 3, should be below RM220,000. The study found that locational factors, types of economic based of the areas and the income level of population influence the calculated index making the affordability level differ between districts. In certain districts, monitoring and control from the related authorities on the construction of affordable houses are essential in ensuring the continued supply of these houses to the targeted low income population within the community.
format	Article
author	Mohamed Osman, Mariana Khalid, Najihan Muhammad Yusop, Siti Wahidah
author_facet	Mohamed Osman, Mariana Khalid, Najihan Muhammad Yusop, Siti Wahidah
author_sort	Mohamed Osman, Mariana
title	Housing affordability in the state of Selangor, Malaysia
title_short	Housing affordability in the state of Selangor, Malaysia
title_full	Housing affordability in the state of Selangor, Malaysia
title_fullStr	Housing affordability in the state of Selangor, Malaysia
title_full_unstemmed	Housing affordability in the state of Selangor, Malaysia
title_sort	housing affordability in the state of selangor, malaysia
publisher	American Scientific Publishers
publishDate	2017
url	http://irep.iium.edu.my/59127/ http://irep.iium.edu.my/59127/ http://irep.iium.edu.my/59127/ http://irep.iium.edu.my/59127/1/7%20EDITED%20Housing%20Affordability%20in%20the%20State%20of%20Selangor%2C%20Malaysia.pdf http://irep.iium.edu.my/59127/8/59127_Housing%20Affordability%20in%20selangor_scopus.pdf
first_indexed	2023-09-18T21:23:42Z
last_indexed	2023-09-18T21:23:42Z
_version_	1777412051147161600

Housing affordability in the state of Selangor, Malaysia

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