FACTORS AFFECTING HOUSING PRICES IN MALAYSIA: ANALYSIS OF THE SUPPLY SIDE

Authors

  • Abdul Lateef Olanrewaju Faculty of Engineering and Green Technology UNIVERSITI TUNKU ABDUL RAHMAN MALAYSIA
  • Xin Ying Lim Faculty of Engineering and Green Technology UNIVERSITI TUNKU ABDUL RAHMAN MALAYSIA
  • Seong Yeow Tan Faculty of Engineering and Green Technology UNIVERSITI TUNKU ABDUL RAHMAN MALAYSIA
  • Jia En Lee Faculty of Engineering and Green Technology UNIVERSITI TUNKU ABDUL RAHMAN MALAYSIA
  • Hamimah Adnan Faculty of Architecture, Planning and Surveying UNIVERSITI TEKNOLOGI MARA, MALAYSIA

DOI:

https://doi.org/10.21837/pm.v16i6.477

Keywords:

design deficiencies, new buildings, maintenance, obsolence, housing

Abstract

Buying a house is a major decision that homebuyers will make because expenditure on homeownership has an influence on the homeowner’s quality of life. The housing price also influence developers’ revenues and profit margins. Developers produce houses to make profits, however, with the increase in housing prices, homeownership rate and developers’ profit performance will be affected. This study examines the reasons why housing prices are increasing in spite of the government’s ‘cooling’ measures. Through a cross-sectional survey questionnaire, comprising 24 causes and 115 members of the housing developers and designers teams, 13 influential factors to the increase in housing prices were found. Additionally, the participants were also inquired on the five most influential factors causing the increase in housing prices. The factors include the shortage of materials, quality of materials, strategic factors, housing location and availability of transportation system. The results of the study are useful to developers, homebuyers and policymakers towards reducing housing prices.

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References

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Published

2018-09-12

How to Cite

Olanrewaju, A. L., Lim, X. Y., Tan, S. Y., Lee, J. E., & Adnan, H. (2018). FACTORS AFFECTING HOUSING PRICES IN MALAYSIA: ANALYSIS OF THE SUPPLY SIDE. PLANNING MALAYSIA, 16(6). https://doi.org/10.21837/pm.v16i6.477

Issue

Vol. 16 (2018): PLANNING MALAYSIA JOURNAL : Volume 16, Issue 2, 2018

Section

Article

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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.

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