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Housing purchase decision: the variations type of housing development in Malaysia

This article aims to review the variation of house development in Malaysia. Currently, several categories of house property are available in Malaysia, which commonly includes terraces, bungalows, apartment, flat, condominium, and semi-D among others. The cost of property varies based on its category...

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Main Authors: Hassan, Mohammad Mujaheed, Ahmad, Nobaya, Hashim, Ahmad Hariza
Format: Article
Language:English
Published: Human Resource Management Academic Research Society 2021
Online Access:http://psasir.upm.edu.my/id/eprint/97548/1/ABSTRACT.pdf
http://psasir.upm.edu.my/id/eprint/97548/
https://hrmars.com/index.php/IJAREMS/article/view/10299/Housing-Purchase-Decision-The-Variations-Type-of-Housing-Development-in-Malaysia
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spelling my.upm.eprints.975482022-07-25T04:11:41Z http://psasir.upm.edu.my/id/eprint/97548/ Housing purchase decision: the variations type of housing development in Malaysia Hassan, Mohammad Mujaheed Ahmad, Nobaya Hashim, Ahmad Hariza This article aims to review the variation of house development in Malaysia. Currently, several categories of house property are available in Malaysia, which commonly includes terraces, bungalows, apartment, flat, condominium, and semi-D among others. The cost of property varies based on its category, size, and placement. The selling of a developing property is under the management of the Housing Development (Control and Licensing) Act 1966 (“HDA”) for accommodation. Furthermore, HDA consists of some degrees of protection for homebuyers. The National Land Code 1965 (NLC) governs the tenure and land ownership in Peninsular Malaysia, and it was effective on 1st January 1965. Moreover, Sabah and Sarawak have enacted particular groups of rules, namely the Sabah Land Ordinance and the Sarawak Land Code, respectively. Notably, the variety of property names are essential as it contributes to various entitlements. Under the Torrens system in Malaysia, the individual with a position of the proprietor of the property name is perceived as the legal owner. Therefore, it is encouraged that the homebuyer performs a name search at the end of the land registry or office for verification regarding the details of the property name before purchasing it. Property names include the master, individual, strata, Bumiputera reserve, commercial, or residential. In the case of property tenure, it may either be freehold or leasehold. Homebuyers need to understand the various types of housing development in Malaysia for their security and protection. Human Resource Management Academic Research Society 2021 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/97548/1/ABSTRACT.pdf Hassan, Mohammad Mujaheed and Ahmad, Nobaya and Hashim, Ahmad Hariza (2021) Housing purchase decision: the variations type of housing development in Malaysia. International Journal of Academic Research in Business and Social Sciences, 11 (7). 463 - 484. ISSN 2222-6990 https://hrmars.com/index.php/IJAREMS/article/view/10299/Housing-Purchase-Decision-The-Variations-Type-of-Housing-Development-in-Malaysia 10.6007/IJARBSS/v11-i7/10299
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description This article aims to review the variation of house development in Malaysia. Currently, several categories of house property are available in Malaysia, which commonly includes terraces, bungalows, apartment, flat, condominium, and semi-D among others. The cost of property varies based on its category, size, and placement. The selling of a developing property is under the management of the Housing Development (Control and Licensing) Act 1966 (“HDA”) for accommodation. Furthermore, HDA consists of some degrees of protection for homebuyers. The National Land Code 1965 (NLC) governs the tenure and land ownership in Peninsular Malaysia, and it was effective on 1st January 1965. Moreover, Sabah and Sarawak have enacted particular groups of rules, namely the Sabah Land Ordinance and the Sarawak Land Code, respectively. Notably, the variety of property names are essential as it contributes to various entitlements. Under the Torrens system in Malaysia, the individual with a position of the proprietor of the property name is perceived as the legal owner. Therefore, it is encouraged that the homebuyer performs a name search at the end of the land registry or office for verification regarding the details of the property name before purchasing it. Property names include the master, individual, strata, Bumiputera reserve, commercial, or residential. In the case of property tenure, it may either be freehold or leasehold. Homebuyers need to understand the various types of housing development in Malaysia for their security and protection.
format Article
author Hassan, Mohammad Mujaheed
Ahmad, Nobaya
Hashim, Ahmad Hariza
spellingShingle Hassan, Mohammad Mujaheed
Ahmad, Nobaya
Hashim, Ahmad Hariza
Housing purchase decision: the variations type of housing development in Malaysia
author_facet Hassan, Mohammad Mujaheed
Ahmad, Nobaya
Hashim, Ahmad Hariza
author_sort Hassan, Mohammad Mujaheed
title Housing purchase decision: the variations type of housing development in Malaysia
title_short Housing purchase decision: the variations type of housing development in Malaysia
title_full Housing purchase decision: the variations type of housing development in Malaysia
title_fullStr Housing purchase decision: the variations type of housing development in Malaysia
title_full_unstemmed Housing purchase decision: the variations type of housing development in Malaysia
title_sort housing purchase decision: the variations type of housing development in malaysia
publisher Human Resource Management Academic Research Society
publishDate 2021
url http://psasir.upm.edu.my/id/eprint/97548/1/ABSTRACT.pdf
http://psasir.upm.edu.my/id/eprint/97548/
https://hrmars.com/index.php/IJAREMS/article/view/10299/Housing-Purchase-Decision-The-Variations-Type-of-Housing-Development-in-Malaysia
_version_ 1739829910380216320
score 13.211869

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