Determining housing affordability for young professionals in Klang Valley, Malaysia: residual income approach
Underprivileged young professionals in housing affordability are prone to an adverse effect on their well-being. This article empirically examines housing affordability among young professionals aged between 25 and 35 years old who work or live in Klang Valley. Young professionals in this paper r...
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Malaysian Institute of Planners
2018
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| Online Access: | http://irep.iium.edu.my/69808/ http://irep.iium.edu.my/69808/ http://irep.iium.edu.my/69808/1/69808_DETERMINING%20HOUSING%20AFFORDABILITY_article.pdf http://irep.iium.edu.my/69808/2/69808_DETERMINING%20HOUSING%20AFFORDABILITY_scopus.pdf |
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iium-698082019-01-17T08:28:50Z http://irep.iium.edu.my/69808/ Determining housing affordability for young professionals in Klang Valley, Malaysia: residual income approach Sohaimi,, Nor Suzylah Abdullah, Alias Shuid, Syafiee HD72 Economic growth, development, planning HG4001 Financial management. Business finance. Corporation finance. HM831 Social change NA Architecture Underprivileged young professionals in housing affordability are prone to an adverse effect on their well-being. This article empirically examines housing affordability among young professionals aged between 25 and 35 years old who work or live in Klang Valley. Young professionals in this paper refer to young graduates with at least a Bachelor’s degree and are registered to professional institutions such as the Institution of Engineers Malaysia (IEM), Malaysian Institute of Architects (MIA), Malaysian Institute of Planners (MIP), and Royal Institution of Surveyor Malaysia (RISM). The aim of this study is to measure housing affordability based on residual income approach and to identify the attribute that affects young professionals’ housing affordability. Adequacy of household income for monthly mortgage or rent as well as other non-housing goods is reflecting for housing affordability. Attributes namely occupation, the presence of children, household expenditure, transportation cost, vehicle instalment, education loan, and household income are analysed by using binary logistic regression. 264 respondents who are either a homeowner, tenant, or parental home resident were selected by using simple random sampling. The survey data were collected through the professional institutions respectively. The study found that only presence of children, occupation of urban planner and education loan III (not taking a loan) were insignificant to the model. Malaysian Institute of Planners 2018 Article NonPeerReviewed application/pdf en http://irep.iium.edu.my/69808/1/69808_DETERMINING%20HOUSING%20AFFORDABILITY_article.pdf application/pdf en http://irep.iium.edu.my/69808/2/69808_DETERMINING%20HOUSING%20AFFORDABILITY_scopus.pdf Sohaimi,, Nor Suzylah and Abdullah, Alias and Shuid, Syafiee (2018) Determining housing affordability for young professionals in Klang Valley, Malaysia: residual income approach. Planning Malaysia, 16 (2). pp. 89-98. ISSN 1675-6215 http://www.planningmalaysia.org/index.php/pmj/article/view/464/374 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
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Online Access |
| language |
English English |
| topic |
HD72 Economic growth, development, planning HG4001 Financial management. Business finance. Corporation finance. HM831 Social change NA Architecture |
| spellingShingle |
HD72 Economic growth, development, planning HG4001 Financial management. Business finance. Corporation finance. HM831 Social change NA Architecture Sohaimi,, Nor Suzylah Abdullah, Alias Shuid, Syafiee Determining housing affordability for young professionals in Klang Valley, Malaysia: residual income approach |
| description |
Underprivileged young professionals in housing affordability are prone to an
adverse effect on their well-being. This article empirically examines housing
affordability among young professionals aged between 25 and 35 years old who
work or live in Klang Valley. Young professionals in this paper refer to young
graduates with at least a Bachelor’s degree and are registered to professional
institutions such as the Institution of Engineers Malaysia (IEM), Malaysian
Institute of Architects (MIA), Malaysian Institute of Planners (MIP), and Royal
Institution of Surveyor Malaysia (RISM). The aim of this study is to measure
housing affordability based on residual income approach and to identify the
attribute that affects young professionals’ housing affordability. Adequacy of
household income for monthly mortgage or rent as well as other non-housing
goods is reflecting for housing affordability. Attributes namely occupation, the
presence of children, household expenditure, transportation cost, vehicle
instalment, education loan, and household income are analysed by using binary
logistic regression. 264 respondents who are either a homeowner, tenant, or
parental home resident were selected by using simple random sampling. The
survey data were collected through the professional institutions respectively. The
study found that only presence of children, occupation of urban planner and
education loan III (not taking a loan) were insignificant to the model. |
| format |
Article |
| author |
Sohaimi,, Nor Suzylah Abdullah, Alias Shuid, Syafiee |
| author_facet |
Sohaimi,, Nor Suzylah Abdullah, Alias Shuid, Syafiee |
| author_sort |
Sohaimi,, Nor Suzylah |
| title |
Determining housing affordability for young professionals in Klang Valley, Malaysia: residual income approach |
| title_short |
Determining housing affordability for young professionals in Klang Valley, Malaysia: residual income approach |
| title_full |
Determining housing affordability for young professionals in Klang Valley, Malaysia: residual income approach |
| title_fullStr |
Determining housing affordability for young professionals in Klang Valley, Malaysia: residual income approach |
| title_full_unstemmed |
Determining housing affordability for young professionals in Klang Valley, Malaysia: residual income approach |
| title_sort |
determining housing affordability for young professionals in klang valley, malaysia: residual income approach |
| publisher |
Malaysian Institute of Planners |
| publishDate |
2018 |
| url |
http://irep.iium.edu.my/69808/ http://irep.iium.edu.my/69808/ http://irep.iium.edu.my/69808/1/69808_DETERMINING%20HOUSING%20AFFORDABILITY_article.pdf http://irep.iium.edu.my/69808/2/69808_DETERMINING%20HOUSING%20AFFORDABILITY_scopus.pdf |
| first_indexed |
2023-09-18T21:39:06Z |
| last_indexed |
2023-09-18T21:39:06Z |
| _version_ |
1777413019926528000 |