Factor Affecting the Housing Financing of Bumiputera in Iskandar Malaysia

Ismail, Abdul Razak

doi:10.7763/joebm.2015.v3.329

Cited by 14 publications

(16 citation statements)

References 3 publications

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“…This quotation implies that supply related factors greatly influences the affordability of housing provided for rent and/or for outright purchase. This concurs with the findings made by Montoya (2002), Norazmawati (2007) as cited in Ismail et al (2015) and Senayah (2015).…”

Section: International Journal Of Regional Developmentsupporting

confidence: 92%

“…For the supply factors may include the availability and cost of land, labour, building materials, social infrastructure availability and housing finance. Housing affordability is shaped and determined by house prices, household income, household spending patterns and mortgage interest rates, according to Trimbath and Montoya (2002) and Norazmawati (2007) as cited in Ismail et al (2015).…”

Section: Factors Influencing Affordability Of Housingmentioning

confidence: 99%

“…It is further noted that land costs have also been identified as the second largest factor behind the appreciable house price rises in Ghana, followed by labour costs, interest rates and obsolete technology. Ismail et al (2015) revealed that Bumiputera's major factors influencing housing affordability included banking restrictions, high patterns of expenditure, housing policies, and income. In addition, house prices are driven by economic growth, inflation, spreads across long-term maturities of short-term interest rates and bank loans between government bonds (Zainal, 2010).…”

Section: Factors Influencing Affordability Of Housingmentioning

confidence: 99%

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Housing Affordability: Factors Influencing Housing in the Tamale Metropolis of Ghana

Zakaria

Danyi

2020

IJRD

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Housing is considered a basic human need. Yet deficit housing supply plagues Ghana. Studies on housing concentrate mainly on offering accommodation that neglects the problem of its affordability. As a result, this study examines factors influencing housing affordability using the Tamale Metropolis as a case study. Using stratified random sampling methodology, 271 renters and homeowners was chosen. Data analysis utilized descriptive statistics. The study showed inflation, rapid urbanization, and building material costs were the dominant factors that influence housing affordability. Rent was also found to be relatively affordable for all categories of housing units. Furthermore, it emerged that the efforts of homeowners, the private sector developers, and the state in the provision of housing were insufficient in providing affordable housing. Consequently, tenants are forced to invest over longer years for constructing or buying a home. The private sector should use less-cost building materials in its projects to provide housing for rent and/or sale, and still present minimum quality standards. It will mean that construction costs will not be too high to justify a high rent once the building is completed. Rent will be on the low side when this happens so tenants can afford to. Equally, it is precarious that the government joins forces with the private estate developers to put up flats at reasonable prices using cheap local building materials.

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Section: International Journal Of Regional Developmentsupporting

confidence: 92%

Section: Factors Influencing Affordability Of Housingmentioning

confidence: 99%

Section: Factors Influencing Affordability Of Housingmentioning

confidence: 99%

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Housing Affordability: Factors Influencing Housing in the Tamale Metropolis of Ghana

Zakaria

Danyi

2020

IJRD

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“…Ismail et al (2015) have observed that most of the high cost or expensive housing units allocated for the bumiputera lot quota failed to be sold. Following Selangor Housing and Property Board (2014), the policy includes bumi discount/quota (5-15% / 30-60% depending on location and land status), low-medium cost housing quota (30-50% depending on land size), and government reserve or public area, which have led to cross-subsidy of products.…”

Section: B Cost Of Constructionmentioning

confidence: 99%

“…However, the capital remained high despite the increase in construction costs. According to Ismail et al (2015), some developers take advantage by raising the price of houses that even the Bumiputera cannot afford to purchase despite having the bumiputera quota.…”

Section: B Cost Of Constructionmentioning

confidence: 99%

Housing Affordability Factors for Urban Liveability - A Preliminary Study

Shakur

Mohamed

Hâdi

2017

IJPS

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Affordability and homeownership are important factors of urban livability. However, given the rapid increase in house prices and the slower growth of individual incomes in Malaysia, the ability to own a house presents a significant challenge. Rising costs of living add to the problem. Current trends show that housing unaffordability is particularly acute among the middle-income earners, the group that constitutes the main bulk of the Malaysian urban populace. Housing affordability impinges upon urban livability. This paper reports a study that was undertaken to analyse specific factors (namely location, demand, construction costs and service costs) regarding their effects on house prices and housing affordability of the middle-income group. The town of Kajang (Selangor, Malaysia) was chosen as the case study area while the focus is centred on the two most popular segments of residential properties, the single-and double-storey terraced houses. The purpose of this study is to analyse how affordability affects home ownership and to determine its effect towards urban livability. Key findings from this study concluded that there is a link between income and affordability, rapid house price increase affect home ownership and the livability of the middle-income group in the cities in Malaysian.

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Application of e-booking system in enhancing Malaysian property developers’ competitive advantage

Yap

Chua

2018

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Purpose Property websites have been widely used to simplify the complicated conventional booking system nowadays. However, the services provided by the property websites are limited to information searching and registration. The uptake of the e-booking system in the property industry is still sluggish. The purpose of this paper is to examine the potential of the e-booking system as the blue ocean in enhancing property developers’ competitive advantage, and also investigates the benefits and key features of the e-booking system in the Malaysian property industry. Design/methodology/approach A mixed method of questionnaire and interviews is used to investigate the acuities of potential purchasers on the concept and potential of the e-booking system in the Malaysian property industry. Findings The findings of the study revealed that the perception towards the application of the e-booking system is positive. The benefits and prominent features are identified. There are no significant differences in perceptions among the three generation cohorts comprising of Generation Y, Generation X, and Baby Boomers. Research limitations/implications The sampling of this study is limited to the Klang Valley area only with the respondents mainly from Selangor and Kuala Lumpur. The small sample size may restrict the generalisation of the findings to represent the whole population of Malaysia. Practical implications These findings provide insights and guidelines for property developers in developing a strategic plan to introduce the e-booking system which can lead to a more efficient way of property purchasing process and praiseworthy users’ experience. Originality/value To the authors’ knowledge, this is the first paper that seeks to explore the potential of the online property transactions as a blue ocean strategy that will enhance property developers’ competitive advantage. As such, the key features identified in this study will be used in designing the e-booking system in the real estate market.

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Factor Affecting the Housing Financing of Bumiputera in Iskandar Malaysia

Cited by 14 publications

References 3 publications

Housing Affordability: Factors Influencing Housing in the Tamale Metropolis of Ghana

Housing Affordability: Factors Influencing Housing in the Tamale Metropolis of Ghana

Housing Affordability Factors for Urban Liveability - A Preliminary Study

Application of e-booking system in enhancing Malaysian property developers’ competitive advantage

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