Factors affecting the ownership of low-cost housing for socio-economic development in Malaysia
Malaysian government has a special commitment to provide the adequate, affordable housing and quality to all income levels, particularly for low-income group. Over the recent years, Malaysian property market was not balance in terms of supply and demand, where the demand is exceeding supply espec...
| Main Authors: | , , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2019
|
| Online Access: | http://journalarticle.ukm.my/13662/ http://journalarticle.ukm.my/13662/ http://journalarticle.ukm.my/13662/1/280-1307-1-PB.pdf |
| Summary: | Malaysian government has a special commitment to provide the adequate, affordable housing and
quality to all income levels, particularly for low-income group. Over the recent years, Malaysian
property market was not balance in terms of supply and demand, where the demand is exceeding
supply especially for low-cost housing. However, high demand for housing in urban areas could affect
the homeownership issue for low-income group. The first objective of this paper is to study the
relationship between household income and housing affordability. Besides, the second objective is to
examine housing satisfaction level by the residents focusing on the public low-cost flats under the
supervision of Kuala Lumpur City Hall. A survey has been carried out using questionnaires distributed
to 500 residents of the three-low-cost housing in Kuala Lumpur, Malaysia. The finding contributes to
an establishment of a strategy to improve homeownership of the low-income earners to own PPR
house. This study is recommended that more effort should be taken by the government to improve
quality of house to ensure the better life of low-income population in the current PPR flats. |
|---|