Malaysian Affordability Housing Policies Revisited

Abstract

Housing has always been a significant aspiration of family expression and distinctly priciest investment by household. It plays a momentous role in the country's economy and so central to the societal well-being that is emplaced in the United Nation Universal declaration of Human rights. Yet in developed and developing world alike, cities struggle to provide decent housing for lower and middle income population. The provision of affordable housing is a major policy concern around the world with Malaysia being no exception; rising income hardly keep pace with price hike of housing unit and housing interventions has majorly concentrated on demand side leading to a non-responsive supply sector. Therefore, this paper highlights affordable housing issues pertaining Malaysia. It formulates Malaysian Map of affordability and conducts an evaluation of global housing schemes to better identify policy priorities for Malaysia. It's significant to harmonize supply and demand side factors in the housing market to ensure that housing supply fits the needs of citizens based on the location, price and target group. In case of Malaysia supply oriented initiative are of urgency in short and medium run. This must be supported by long term demand side schemes in parallel. Convergence of these two factors is essential for a balanced equilibrium and obtaining affordability.

Towards a “branded” property developer: key traits for Malaysian housing market

“…A close examination of Table VII reveals that all the 14 branding traits were rated significant (S) or greater with RII values over 0.571 (Table IV). Housing is prominently the priciest investment by any household (Samad et al , 2016). The most common choices for residential property purchase are for own occupation and investment purpose (Gupta and Malhotra, 2016; Ratchatakulpat et al , 2009).…”

Developing a consensus-based measures for housing delivery in Dammam Metropolitan Area, Saudi Arabia

“…As in the case of Malaysia (Samad et al, 2017), it has become clear from the global experiences that most countries have focused mainly on their citizens in providing housing programs. This is consistent with findings of this study, where 85.71 per cent of the experts opined that the focus should be on "Saudi families only" in housing programs, at least at the present time because of the large demand on housing units.…”

“…During the past four decades, governments in Asia have experimented with a wide range of policy interventions to provide adequate and affordable housing. A number of studies (Asher, 2002;Jang and Hwang, 2011;Phang and Kim, 2013;Phang and Helble, 2016;Kobayashi, 2016;Samad et al, 2017) give an overview of the most common housing policies implemented in Singapore, Malaysia, Japan, the Republic of Korea and China. Housing experience in Singapore offers a unique housing system, where the Housing and Development Board (HDB) and homeownership built three-quarters of its housing stock through Central Provident Fund (CPF) savings.…”

“…In Malaysia, Samad et al (2017) provide an overview of the housing policies that influence the performance of the housing market. These policies are mainly based on the supply and demand side policy plans which reinforce supply and demand side factors toward stability.…”

What is determining affordable housing shortages in the Greater Kuala Lumpur, Malaysia?

“…Fragmented housing policies Rehda (2018), Baqutaya et al (2016), Samad et al (2017), Balchin (2013), Tucker (1991), Aribigbola (2008), Akinmoladun and Oluwoye (2007), Hui ( 2004) Strict rule on loan application of the National Bank Égert and Mihaljek (2007), Borowiecki (2009), Pillaiyan (2015), Rehda (2018), Liew and Haron (2013), Othman (1999), Kamal et al (2016) Long approval period of planning permission Shatar et al (2017), Hilber (2015, Khazanah (2016), Rehda (2018), Hui (2004), Hilber (2015), Wallbaum et al (2012), Othman (1999) High competing interests on profits in the housing market Shatar et al (2017), Khazanah (2016 Incentives not attractive to adopt 10:90 Build Then Sell (BTS) model Phang and Tan (2016).…”