A Descriptive Analysis of Housing Affordability in Malaysia
There has recently been widespread public debate and media attention around housing affordability in Malaysia as it is one of the key measures for the stability of a country's socio-economy. This is because having a home is not only necessity for people to protect their faith, posterity, develo...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | en |
| Published: |
Lembaga Zakat Negeri Kedah
2022
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/32016/1/IJZIP%2004%2001%202022%2063-%2074.pdf https://repo.uum.edu.my/id/eprint/32016/ https://journal.zakatkedah.com.my/ |
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| Summary: | There has recently been widespread public debate and media attention around housing affordability in Malaysia as it is one of the key measures for the stability of a country's socio-economy. This is because having a home is not only necessity for people to protect their faith, posterity, develop their intellect and create wealth, but it also allows society to improve their well-being if their needs are fulfilled. Housing, in fact, serve as a hub of economic activity,
a sign of achievement, social acceptance, and an element of urban growth. However, housing affordability concerns are particularly widespread in lower and middle-income households in most major Malaysian cities, with most of them having trouble purchasing a home. Therefore, this paper tends to discuss the descriptive analysis of housing affordability containing several variables (House Price, Household Income, Household Expenses, Land Cost, Population, Inflation, Interest rate and Rental Rate) used in this study for the sample of East Coast Region (Kelantan, Terengganu, and Pahang),Central Region (Selangor, Kuala Lumpur, and Negeri
Sembilan), Southern Region (Melaka and Johor), Northern Region (Perlis, Kedah, Penang and Perak), and also East Malaysia (Sabah and Sarawak). |
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