Evaluating Market Attributes and Housing Affordability: Gaining Perspective on Future Value Trends

Said Rosli (), Sulaimi Mardhiati (), Majid Rohayu Ab (), Aini Ainoriza Mohd (), Olanrele Olusegun Olaopin () and Akinsomi Omokolade ()
Additional contact information
Said Rosli: Faculty of Built Environment, Universiti Malaya, 50603 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
Sulaimi Mardhiati: Faculty of Built Environment, Universiti Malaya, 50603 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
Majid Rohayu Ab: College of Built Environment, Universiti Teknologi Mara, 40450 Shah Alam, Selangor Darul Ehsan, Malaysia
Aini Ainoriza Mohd: Faculty of Built Environment, Universiti Malaya, 50603 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
Olanrele Olusegun Olaopin: Faculty of Built Environment, Universiti Malaya, 50603 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
Akinsomi Omokolade: School of Construction Economics and Management, University of the Witwatersrand, 1 Jan Smuts Ave, Braamfontein, Johannesburg, 2017, South Africa

Real Estate Management and Valuation, 2024, vol. 32, issue 3, 87-100

Abstract: This study fills a significant research gap in Malaysian government-led homeownership and affordability. Centered on crucial market attributes influencing these initiatives, insights from low-income groups were obtained. The primary aim of this study was to assess the importance of various market attributes on government homeownership initiatives in Malaysia. The data were collected from low-income groups using a structured questionnaire, providing valuable insights into the unique challenges faced by this demographic. A Relative Importance Index (RII) was employed to analyze the data, revealing that Financial Market Factors, Household Financial Capacity, Housing Affordability and Accessibility, and Government Housing Policies were the market attributes of the highest importance in shaping government homeownership efforts. The results of the exploratory factor analysis demonstrated that the Financial Market Factor was the most influential component, as indicated by its mean rank. This study sought to incorporate the valuable perspectives of respondents regarding integrating future value into financing models. Respondents' opinions reflected a significant level of support for such innovative approaches. This study examines the crucial market attributes influencing government homeownership initiatives in Malaysia. The findings underline the potential of incorporating future value into financing models to enhance housing affordability for low-income groups and promote broader homeownership objectives.

Keywords: homeownership; financing model; mortgage loan; real estate market (search for similar items in EconPapers)
JEL-codes: G21 R21 R30 R31 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/remav-2024-0027 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:32:y:2024:i:3:p:87-100:n:1007

DOI: 10.2478/remav-2024-0027

Access Statistics for this article

Real Estate Management and Valuation is currently edited by Sabina Zrobek

More articles in Real Estate Management and Valuation from Sciendo
Bibliographic data for series maintained by Peter Golla ().