Housing affordability and government intervention in Malaysia

Ephpraim Lee (2011). Housing affordability and government intervention in Malaysia Honours Thesis, UQ Business School, The University of Queensland.

       
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Author Ephpraim Lee
Thesis Title Housing affordability and government intervention in Malaysia
School, Centre or Institute UQ Business School
Institution The University of Queensland
Publication date 2011-10-27
Thesis type Honours Thesis
Supervisor Simon Huston
Total pages 48
Language eng
Subjects 1503 Business and Management
Abstract/Summary This research was carried out to articulate the housing affordability problem faced by millions of middle income earners in Malaysia. Although the media has highlighted this issue in recent times, no empirical research was conducted to prove such claim. Hence, one of the purposes of this study is to investigate this matter by looking at households’ income and expenditure, as well as the recent house price index. Besides that, this study will also review the recent government proposal –“My First Home Scheme”, which was designed to curb the housing affordability issue. The findings of this study suggest that middle income earners are faced with housing affordability problem, especially those living in urban areas as property prices increase more rapidly than households’ income. Apart from that, the scheme proposed by the government does not provide any relief to the present situation due to its stringent requirements. Nevertheless, the subsequent scheme by the ministry – “1Malaysia Housing Project” (PR1MA) is perceived to be more relevant and effective by some of the nation’s property developers. This paper will open up a new area of study as previous studies about housing affordability in Malaysia only emphasized on providing low cost housing to the poor. As Malaysia continues to develop robustly, the population in the middle income segments will increase significantly. Hence, future studies pertaining to housing affordability should focus more on this section of the population.
Keyword Housing affordability

 
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Created: Thu, 28 Jun 2012, 13:44:50 EST by Karen Morgan on behalf of UQ Business School