Modelling Housing Demand Factors for Affordable Units in Malaysia

The Malaysian government is prioritizing the development of affordable housing units to cater to the needs of the underprivileged. However, it is not sufficient to merely meet the required number of units; it is crucial for developers to understand the actual demand for affordable housing in urban a...

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Published in:International Journal of Sustainable Construction Engineering and Technology
Main Author: Majid R.A.; Said R.; Rahim N.A.; Saleh A.F.; Suryanto T.
Format: Article
Language:English
Published: Penerbit UTHM 2023
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85185316397&doi=10.30880%2fijscet.2023.14.05.021&partnerID=40&md5=ca630c13fccc76b70b50a42ae2e12280
id 2-s2.0-85185316397
spelling 2-s2.0-85185316397
Majid R.A.; Said R.; Rahim N.A.; Saleh A.F.; Suryanto T.
Modelling Housing Demand Factors for Affordable Units in Malaysia
2023
International Journal of Sustainable Construction Engineering and Technology
14
5 Special Issue
10.30880/ijscet.2023.14.05.021
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85185316397&doi=10.30880%2fijscet.2023.14.05.021&partnerID=40&md5=ca630c13fccc76b70b50a42ae2e12280
The Malaysian government is prioritizing the development of affordable housing units to cater to the needs of the underprivileged. However, it is not sufficient to merely meet the required number of units; it is crucial for developers to understand the actual demand for affordable housing in urban areas. This is because even middle-class homebuyers have their own preferences when it comes to purchasing a home at an affordable price. Therefore, this study aims to investigate the current demand attributes that contribute to the affordable housing demand model in urban areas, using Wangsa Maju, Kuala Lumpur, Malaysia as a case study. Data was collected from 400 potential buyers of affordable housing units, and 25 significant attributes of housing demand were examined. Partial Least Square Equation Modelling (PLS-SEM) was used to develop the housing demand model. The findings revealed that a total of five factors with nine attributes in housing demand significantly contribute to the affordable housing demand model in urban areas, as determined by the coefficient’s determination, path coefficient, effect size, and predictive relevance towards endogenous variables of housing demand. Overall, the result has confirmed that government intervention has play major role in supporting affordable housing development and at the same time has encourage the potential buyer form the right group to have their own house at affordable price. © Universiti Tun Hussein Onn Malaysia Publisher’s Office.
Penerbit UTHM
21803242
English
Article
All Open Access; Gold Open Access
author Majid R.A.; Said R.; Rahim N.A.; Saleh A.F.; Suryanto T.
spellingShingle Majid R.A.; Said R.; Rahim N.A.; Saleh A.F.; Suryanto T.
Modelling Housing Demand Factors for Affordable Units in Malaysia
author_facet Majid R.A.; Said R.; Rahim N.A.; Saleh A.F.; Suryanto T.
author_sort Majid R.A.; Said R.; Rahim N.A.; Saleh A.F.; Suryanto T.
title Modelling Housing Demand Factors for Affordable Units in Malaysia
title_short Modelling Housing Demand Factors for Affordable Units in Malaysia
title_full Modelling Housing Demand Factors for Affordable Units in Malaysia
title_fullStr Modelling Housing Demand Factors for Affordable Units in Malaysia
title_full_unstemmed Modelling Housing Demand Factors for Affordable Units in Malaysia
title_sort Modelling Housing Demand Factors for Affordable Units in Malaysia
publishDate 2023
container_title International Journal of Sustainable Construction Engineering and Technology
container_volume 14
container_issue 5 Special Issue
doi_str_mv 10.30880/ijscet.2023.14.05.021
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85185316397&doi=10.30880%2fijscet.2023.14.05.021&partnerID=40&md5=ca630c13fccc76b70b50a42ae2e12280
description The Malaysian government is prioritizing the development of affordable housing units to cater to the needs of the underprivileged. However, it is not sufficient to merely meet the required number of units; it is crucial for developers to understand the actual demand for affordable housing in urban areas. This is because even middle-class homebuyers have their own preferences when it comes to purchasing a home at an affordable price. Therefore, this study aims to investigate the current demand attributes that contribute to the affordable housing demand model in urban areas, using Wangsa Maju, Kuala Lumpur, Malaysia as a case study. Data was collected from 400 potential buyers of affordable housing units, and 25 significant attributes of housing demand were examined. Partial Least Square Equation Modelling (PLS-SEM) was used to develop the housing demand model. The findings revealed that a total of five factors with nine attributes in housing demand significantly contribute to the affordable housing demand model in urban areas, as determined by the coefficient’s determination, path coefficient, effect size, and predictive relevance towards endogenous variables of housing demand. Overall, the result has confirmed that government intervention has play major role in supporting affordable housing development and at the same time has encourage the potential buyer form the right group to have their own house at affordable price. © Universiti Tun Hussein Onn Malaysia Publisher’s Office.
publisher Penerbit UTHM
issn 21803242
language English
format Article
accesstype All Open Access; Gold Open Access
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