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Affordability of Affordable Housing in Northern Region of Malaysia

The problem of housing affordability has emerged as a significant concern in urban centers, particularly in emerging countries. While each country defines affordability differently, housing affordability refers to the capacity to possess a residential property or dwelling that satisfies fundamenta...

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Main Authors: Musaddad, Hafirda Akma, Maamor, Selamah, Zainol, Zairy
Format: Article
Language:English
Published: Universiti Utara Malaysia Press 2023
Subjects:
HF Commerce
Online Access:https://repo.uum.edu.my/id/eprint/29730/1/MMJ%2027%202023%20183-209.pdf
https://doi.org/10.32890/mmj2023.27.8
https://repo.uum.edu.my/id/eprint/29730/
https://e-journal.uum.edu.my/index.php/mmj/article/view/18794
https://doi.org/10.32890/mmj2023.27.8
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spelling my.uum.repo.297302023-09-06T15:32:14Z https://repo.uum.edu.my/id/eprint/29730/ Affordability of Affordable Housing in Northern Region of Malaysia Musaddad, Hafirda Akma Maamor, Selamah Zainol, Zairy HF Commerce The problem of housing affordability has emerged as a significant concern in urban centers, particularly in emerging countries. While each country defines affordability differently, housing affordability refers to the capacity to possess a residential property or dwelling that satisfies fundamental living requirements in relation to its price, standard, and whereabouts. However, the majority of generally comprised of individuals and families with lower to moderate incomes, residing in various urban areas across Malaysia find it difficult to purchase a home. The aim of this research is to evaluate the housing affordability index in Malaysia’s Northern Region (Kedah, Pulau Pinang, Perak, and Perlis) by proposing a maximum affordable housing cost determined by income level. The findings revealed that the housing affordability index has deteriorated as a result of growing income-price inequalities. It is suggested that government or housing policy makers to be responsible to establish a fair housing price that is determined through convincing and widely accepted judgments. Establishing prices could be based on genuine supply and demand dynamics, rather than being influenced by unfair trading practices, manipulation, or exploitation. Universiti Utara Malaysia Press 2023 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/29730/1/MMJ%2027%202023%20183-209.pdf Musaddad, Hafirda Akma and Maamor, Selamah and Zainol, Zairy (2023) Affordability of Affordable Housing in Northern Region of Malaysia. Malaysian Management Journal (MMJ), 27. pp. 183-209. ISSN 0128-6226 https://e-journal.uum.edu.my/index.php/mmj/article/view/18794 https://doi.org/10.32890/mmj2023.27.8 https://doi.org/10.32890/mmj2023.27.8
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HF Commerce
spellingShingle HF Commerce
Musaddad, Hafirda Akma
Maamor, Selamah
Zainol, Zairy
Affordability of Affordable Housing in Northern Region of Malaysia
description The problem of housing affordability has emerged as a significant concern in urban centers, particularly in emerging countries. While each country defines affordability differently, housing affordability refers to the capacity to possess a residential property or dwelling that satisfies fundamental living requirements in relation to its price, standard, and whereabouts. However, the majority of generally comprised of individuals and families with lower to moderate incomes, residing in various urban areas across Malaysia find it difficult to purchase a home. The aim of this research is to evaluate the housing affordability index in Malaysia’s Northern Region (Kedah, Pulau Pinang, Perak, and Perlis) by proposing a maximum affordable housing cost determined by income level. The findings revealed that the housing affordability index has deteriorated as a result of growing income-price inequalities. It is suggested that government or housing policy makers to be responsible to establish a fair housing price that is determined through convincing and widely accepted judgments. Establishing prices could be based on genuine supply and demand dynamics, rather than being influenced by unfair trading practices, manipulation, or exploitation.
format Article
author Musaddad, Hafirda Akma
Maamor, Selamah
Zainol, Zairy
author_facet Musaddad, Hafirda Akma
Maamor, Selamah
Zainol, Zairy
author_sort Musaddad, Hafirda Akma
title Affordability of Affordable Housing in Northern Region of Malaysia
title_short Affordability of Affordable Housing in Northern Region of Malaysia
title_full Affordability of Affordable Housing in Northern Region of Malaysia
title_fullStr Affordability of Affordable Housing in Northern Region of Malaysia
title_full_unstemmed Affordability of Affordable Housing in Northern Region of Malaysia
title_sort affordability of affordable housing in northern region of malaysia
publisher Universiti Utara Malaysia Press
publishDate 2023
url https://repo.uum.edu.my/id/eprint/29730/1/MMJ%2027%202023%20183-209.pdf
https://doi.org/10.32890/mmj2023.27.8
https://repo.uum.edu.my/id/eprint/29730/
https://e-journal.uum.edu.my/index.php/mmj/article/view/18794
https://doi.org/10.32890/mmj2023.27.8
_version_ 1778165220034740224
score 13.211869

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