CO-LIVING AS AN INNOVATIVE REAL ESTATE PRODUCT: INSIGHTS FROM DEVELOPERS

Authors

  • How Ming Hsia Department of Building & Property Management, Faculty of Accountancy and Management, UNIVERSITI TUNKU ABDUL RAHMAN, MALAYSIA
  • Sia Bee Chuan Department of International Business, Faculty of Accountancy and Management, UNIVERSITI TUNKU ABDUL RAHMAN, MALAYSIA
  • Chin Hon Choong Department of Building & Property Management, Faculty of Accountancy and Management, UNIVERSITI TUNKU ABDUL RAHMAN, MALAYSIA

DOI:

https://doi.org/10.21837/pm.v22i30.1442

Keywords:

Co-living, co-housing, developer, perception, Malaysia

Abstract

The concept of co-living rose to prominence in the last decade, with people’s searches for co-living increasing dramatically since 2015 worldwide. The purpose of this research is to reveal the developer’s insights and perceptions about the newly introduced co-living system in Malaysian society. Since co-living in Malaysia is still in its infancy, this study aims to explore the emerging trends in co-living. Twenty-five developers’ opinions were collected through face-to-face interviews and thematic analysis was performed to analyze the qualitative data. Key themes for emerging trends in co-living have been identified and organized into four sections: (i) adoption of co-living as a business model; (ii) potential advantages of co-living; (iii) barriers/challenges to co-living projects; and (iv) future trends for a living. Findings are expected to contribute to a better understanding of co-living in Malaysia.

Downloads

Download data is not yet available.

References

Abdul Rahman, N., Omar, D., & Salleh, A. G. (2012). Determinant factors of Neighbourhood Quality. Planning Malaysia Journal, 10(3). DOI: https://doi.org/10.21837/pmjournal.v10.i3.98

Attride-Stirling, J. (2001). Thematic networks: an analytic tool for qualitative research. Qualitative research, 1(3), 385-405. DOI: https://doi.org/10.1177/146879410100100307

Bengtsson, B., Ruonavaara, H., & Sørvoll, J. (2017). Home ownership, housing policy and path dependence in Finland, Norway, and Sweden. In Housing wealth and welfare. Edward Elgar Publishing. DOI: https://doi.org/10.4337/9781785360961.00012

Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative research in psychology, 3(2), 77-101. DOI: https://doi.org/10.1191/1478088706qp063oa

Braun, V., & Clarke, V. (2013). Successful qualitative research: A practical guide for beginners.

Corfe, S. (2019). Co-living: A solution to the housing crisis. The Social Market Foundation.

Czischke, D., Carriou, C., & Lang, R. (2020). Collaborative housing in Europe: Conceptualizing the field. Housing, Theory and Society, 37(1), 1-9. DOI: https://doi.org/10.1080/14036096.2020.1703611

Fromm, D. (2012). Seeding community: Collaborative housing as a strategy for social and neighborhood repair. Built Environment, 38(3), 364-394. DOI: https://doi.org/10.2148/benv.38.3.364

Gazdag, N., & Torlegård, A. (2018). Micro Apartments: A Potential Solution for the Severe Shortage of Small Affordable Apartments in Stockholm Nóra Gazdag and Anna T.

Giorgi, E. (2020). The Co-Housing Phenomenon: Environmental Alliance in Times of Changes. Springer Nature. DOI: https://doi.org/10.1007/978-3-030-37097-8

Hoppenbrouwer, B. (2019). The Community Effects of Co-living: Exploring opportunities for Dutch developer-led co-living in fostering community building among residents.

Mustafa Kamal, E., Seng Lai, K., & Yusof, N. A. (2020). The Low-Middle Income Housing Challenges in Malaysia. Planning Malaysia Journal, 18(11). DOI: https://doi.org/10.21837/pm.v18i11.713

Nethercote, M. (2020). Build-to-Rent and the financialization of rental housing: future research directions. Housing Studies, 35(5), 839-874. DOI: https://doi.org/10.1080/02673037.2019.1636938

Pepper, S., & Manji, A. (2019). Co-living as an emerging market: an assessment of co- living's long-term resiliency Doctoral dissertation, Massachusetts Institute of Technology.

Quinio, V., & Burgess, G. (2018). Is co-living a housing solution for vulnerable older people. Cambridge Centre for Housing & Planning Research: Cambridge, UK.

Shafique, A. (2018). Co-living and the common good. RSA: London, UK.

Thompson, M. (2020). From co-ops to community land trusts: Tracing the historical evolution and policy mobilities of collaborative housing movements. Housing, Theory and Society, 37(1), 82-100. DOI: https://doi.org/10.1080/14036096.2018.1517822

Vestbro, D. U. (Ed.). (2010). Living together: Cohousing ideas and realities around the world. Stockholm: KTH.

Downloads

Published

2024-02-22

How to Cite

Hsia, H. M., Chuan, S. B., & Choong, C. H. (2024). CO-LIVING AS AN INNOVATIVE REAL ESTATE PRODUCT: INSIGHTS FROM DEVELOPERS. PLANNING MALAYSIA, 22(30). https://doi.org/10.21837/pm.v22i30.1442

Issue

Vol. 22 (2024): PLANNING MALAYSIA JOURNAL : Volume 22, Issue 1, 2024

Section

Article

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 Unported License.

Copyright & Creative Commons Licence

eISSN: 0128-0945 © Year. The Authors. Published for Malaysia Institute of Planners. This is an open-access article under the CC BY-NC-ND license.

The authors hold the copyright without restrictions and also retain publishing rights without restrictions.