Housing deficits as a frame for housing policy: demographic change, economic crisis and household formation in Indonesia

Monkkonen, Paavo

doi:10.1080/14616718.2013.793518

Cited by 18 publications

(9 citation statements)

References 31 publications

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“…By illustrating the role of marriage in the demand for homeownership and thus housing prices, we can improve the quality of projections of housing need. These projections and their role in public policy should always be considered within the broad parameters of national and international trends (Monkkonen, 2013), as well as those of cultural changes and subjective implicit choices about ideal household structures.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Marriage-induced homeownership as a driver of housing booms: evidence from Hong Kong

Cheung

Chan²,

Monkkonen

2019

Housing Studies

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Buying a home for marriage is customary in many societies. Traditionally, therefore, young couples getting married is a key driver of demand for homeownership. Yet the idea of marriage-induced demand for homeownership is a relatively underexplored component of housing price change. We examine the role of marriage-induced demand for homeownership in Hong Kong, which is a relatively self-contained housing market with fewer options for migration than most large cities. We use an instrumental variable strategy to test the hypothesis that more unmarried individuals at the prime age for marriage increases housing prices. We find that an additional one thousand marriage-aged but unmarried individuals leads to a seven per cent increase in housing prices. These findings confirm the importance of demographic factors such as cohort size and marriage rates on housing price projections, housing needs assessments, and housing policy.

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Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Marriage-induced homeownership as a driver of housing booms: evidence from Hong Kong

Cheung

Chan²,

Monkkonen

2019

Housing Studies

Self Cite

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“…The former is more simplistic in its attempt to measure the number of homes needed to serve all households in a market (Bredenoord and van der Meulen, 2014; Gonzalez, 2005)[3]. The latter consists of substandard units with conditions needing to be improved for habitability (Monkkonen, 2013; Lizarralde, 2008). These improvements can pertain to the expansion of basic services, such as water, energy and sanitation or other areas such as reductions in overcrowding.…”

Section: Housing Deficits and Solutionsmentioning

confidence: 99%

The Two Million Housing Drive in Korea

Feather¹

2019

IJHMA

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Purpose Emerging states confront staggering shortages in adequate housing stock. In response, governments have sought various supply-based solutions to mitigate growing housing deficits. While many of these mass housing efforts have not produced the desired outcome, the Republic of Korea’s Two Million Housing Drive (TMHD) was a comparatively successful intervention with its implementation from 1988 to 1992. The five-year initiative exceeded its objective with the construction of over 2.1 million units – of which two-thirds were built by the private sector. The purpose of this study is to analyse Korea’s relatively effective supply-based affordable housing approach and then extrapolate best practices and lessons learned with applications for real estate markets in the developing world. Comparative understanding of the TMHD can help promote greater access to adequate housing in the developing world, especially for the many who continue to live in impoverished conditions. Design/methodology/approach The research uses content-based and quantitative methods to analyze the case of the TMHD in Korea toward informing improvements in corresponding supply-based housing policies and programs in developing states. Findings While there were challenges with the TMHD, the program repositioned Korea’s urban housing market with greater access to affordable housing in cities for the lower-income and vulnerable. The TMHD enabled the subsequent effectiveness of demand-based housing policies. Research limitations/implications There are research limitations in fully understanding the complex relationships between mass housing programs, economic growth and government policies. The abductive reasoning used in this case study enables in-depth analysis of the TMHD with generalizable inferences for middle-range theories with applications for emerging markets. Practical implications The experience of the TMHD can promote policy harmonization by helping optimize corresponding mass housing efforts in the developing world with the potential to similarly close quantitative housing deficits and expand access to adequate housing for lower-income and vulnerable households. Social implications Deeper understanding of the TMHD can lead to reforms of other mass housing initiatives in emerging markets to make adequate housing more accessible and economical for the benefit of underserved segments of society. Originality/value The Korean experience with the TMHD can inform the optimization of other similar large-scale policies and programs seeking to sustainably overcome shortfalls in adequate housing that have become all too common in the developing world.

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“…Every family wants to have their own home. So, as a country with a high birth rate, Indonesia has a high potential for housing demand (Monkkonen, 2013).…”

Section: Introductionmentioning

confidence: 99%

Proposed marketing strategy for PT. Harmony land group in facing off uncertainty period

Muhammad

2022

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In the fourth year of PT. Harmony Land Group growth, an unexpected big disaster is coming, Pandemic Covid 19. The property business is greatly affected, people are afraid to leave house, even less to buy a house. After struggling to survive in a pandemic situation without firing any employees, Harmony Land started looking for the next opportunity. One big issue that Harmony Land wants to solve is increasing the act per ask at A5 costumer journey. This research is to analyst internal and external business condition of PT Harmony Land Group; To understanding customers’ need by doing customer behavior research. To propose strategy to increase conversion rate act per ask. This research employed quantitative and qualitative method or mix method. In addition, the researcher also applied AFI framework. Based on the result it can be concluded that housing Market is high competition, but because of the demand always grow while supplier is cannot be renewable make housing business is very prospective. Pandemic Covid make customer that should be buy house in 2020 until 2022 pending their purchase, so after pandemic end, there will be boom demand, because customer which pending their purchase will buy and new customer still will buy.

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Housing deficits as a frame for housing policy: demographic change, economic crisis and household formation in Indonesia

Cited by 18 publications

References 31 publications

Marriage-induced homeownership as a driver of housing booms: evidence from Hong Kong

Marriage-induced homeownership as a driver of housing booms: evidence from Hong Kong

The Two Million Housing Drive in Korea

Proposed marketing strategy for PT. Harmony land group in facing off uncertainty period

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