Housing Affordability Among Potential Buyers in the City of Kuala Lumpur, Malaysia

Aminah Md Yusof (), Chang Saar Chai () and Julaida Johan ()
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Aminah Md Yusof: Universiti Teknologi Malaysia
Chang Saar Chai: Faculty of Civil Engineering, Universiti Teknologi Malaysia
Julaida Johan: Faculty of Civil Engineering, Universiti Teknologi Malaysia

Chapter Chapter 45 in Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, 2015, pp 547-555 from Springer

Abstract: Abstract This paper investigates housing affordability problem in Malaysia. It reveals the state of income, purchase and repayment affordability for home ownership in the City of Kuala Lumpur. The study shows that the potential house buyers are severely affected by the affordability problem. Low income (individual and household) has been the most significant cause of affordability problem. The finding suggests that the potential buyers afford houses which are lower than published eligible amount. The problem is further exacerbated by lack of active government’s interventions in the provision of affordable houses and the reluctance of financiers in providing loans to some house buyers. The research anticipates that housing affordability problem will escalates further and most of the respondents which represent the most susceptible group to poor are at the higher risk of being excluded from the opportunity to own a house.

Keywords: Housing affordability; Potential buyers; Kuala Lumpur (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-662-46994-1_45

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DOI: 10.1007/978-3-662-46994-1_45

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