Perceptions Of Young Professional In Malaysia: Homeownership Or Renting?

Abstract

Since decades, housing affordability has been such a controversial issue that has been debated especially among Malaysian. Young professionals nowadays find it's hard to own a house due to the hike of house's price, which has led towards the growth of renting culture. The main objectives of this paper are to identify the perception of young professional in homeownership vs. renting in Malaysia. Quantitative research has been applied 182 respondents has answered the online questionnaire. The respondents involve in this research were those in the age of 22 and 37 years old in 2018, whom graduates with at least bachelor level. The respondent cohort would be those who resides in major cities in Malaysia such as Penang, Kuala Lumpur, Selangor, Johor Bahru, Kota Kinabalu and Kuching. The results of the finding, most of the respondents still preferred to be the homeowner despite the hikes of houses price from time to time. However, based on the result obtained, it also can be seen that majority of the respondents seem to be ready to adopt the renting culture due to the hikes of houses in Malaysia.