DETERMINANT FACTORS INFLUENCING HOUSING AFFORDABILITY AMONG BUMIPUTERA YOUTHS IN KLANG

2021 ◽  
Vol 19 ◽  
Author(s):  
Anis Syazwani Sukereman ◽  
Siti Hasniza Rosman ◽  
Suhana Ismail ◽  
Raja Faris Raja Faisal ◽  
Nur Berahim
Keyword(s):  
Household Income ◽  
Empirical Studies ◽  
Housing Price ◽  
Housing Affordability ◽  
Primary Data ◽  
Residential Property ◽  
Market Prices ◽  
Main Factors ◽  
The Government ◽  
Loan Approval

Housing affordability issues arise when the household income is insufficient to cover the expenses of owning a house due to high housing market prices. This significantly impacts potential buyers, especially members of the youth generation who have just embarked on their careers. This study contributes to the empirical studies related to the monetary and non-monetary factors that influence the affordability of housing for Bumiputera youths in Klang. Primary data was gathered from 382 respondents using purposive stratified sampling. The findings indicate that seven main factors strongly influence housing affordability for Bumiputera youths: household income, housing price, loan approval, household expenditure, type of property, number of working households and location. Thus, the findings of this study will contribute to policy decisions, assessments and practices related to housing affordability among Bumiputera youths and support the implementation of the government policy to ensure that at least 75% of Bumiputera households are able to own residential property.

scholarly journals International Real Estate Review

2019 ◽  
Vol 22 (4) ◽  
pp. 597-625
Author(s):  
Sau Kim Lum ◽  
◽  
Xuefeng Zhou ◽  
Keyword(s):  
Public Housing ◽  
Housing Price ◽  
Housing Affordability ◽  
Supply Side ◽  
Middle Income ◽  
Policy Initiatives ◽  
Income Ratio ◽  
The Government ◽  
Do So ◽  
Resale Market

Housing affordability for many Singaporean households has been declining since the 1990s. While eligible households are directly allocated new-built public housing at subsidized rates, these rates reflect price behavior in the laissez faire resale market and would be higher during periods of excess demand. We examine two policy initiatives since 2011 to improve housing affordability for targeted population segments. First, the government has stabilized the prices at which it sells new- built units by increasing supply-side producer discounts to moderate the extent to which new unit prices track the resale market. Second, demand subsidies are provided to low- and middle-income households to buy new subsidized housing. Price stabilization has prevented the transmission of demand shocks from the resale market to the new-built public housing sector but not improved affordability. However, successive calibrations of capital grants boosted the price to income ratio and debt servicing ratio indicators for households with incomes below the national median. These improvements are progressive, with the less well-off benefitting the most. Furthermore, the grants do not appear to induce housing overconsumption the way that demand subsidies are prone to do so and provide some assurance that the policies adopted in Singapore have not generated allocative inefficiencies.

scholarly journals A Novel Housing Price Misalignment Indicator for Germany

2019 ◽  
Vol 20 (4) ◽  
pp. e759-e794 ◽  
Author(s):  
Markus Hertrich
Keyword(s):  
Housing Market ◽  
Housing Prices ◽  
Housing Price ◽  
Interest Rate Risk ◽  
Residential Property ◽  
Advanced Stage ◽  
Consumer Prices ◽  
Main Factors ◽  
Fundamental Value ◽  
German Housing Market

Abstract From 2014 until present, housing prices in Germany have been rising faster than consumer prices in all quarters except one, raising concerns about an excessive overheating of the housing market. To assess the vulnerability of the German housing market to a future realignment of prices or even a housing bust, this paper develops a housing price misalignment indicator that is composed of seven indicators, which are commonly associated with the fundamental value of residential property. An empirical application to the most recent data suggests that the German housing market exhibits an overvaluation of approximately 11%, where interest rate risk and a relatively advanced stage of the housing cycle are identified as the main factors fueling these imbalances, while a rather solid debt-servicing capacity mitigates these imbalances since end-2009.

scholarly journals LOCATION HOUSING AFFORDABILITY INDEX: ANALYSING THE RELATIONSHIPS

2021 ◽  
Vol 19 (15) ◽  
Author(s):  
Mohd Azren Hassan ◽  
Yusfida Ayu Abdullah ◽  
Dasimah Omar ◽  
Muhammad Hakim Danial
Keyword(s):  
Urban Areas ◽  
Housing Prices ◽  
Housing Price ◽  
Sampling Technique ◽  
Simple Random Sampling ◽  
Housing Affordability ◽  
Primary Data ◽  
Klang Valley ◽  
The Relationship

Previous studies claimed that Malaysia is inclined towards a severely unaffordable housing price. Despite such crucial studies, the topics do not provide sufficient empirical evidence to establish a relationship between housing prices, housing and transportation expenditure in Malaysia. Therefore, this study examines the role of these variables in determining the Location Housing Affordability Index. The research had therefore identified measurement items that contribute to Location Housing Affordability Index. The primary data was obtained from urban areas in the Klang Valley using questionnaires, where a total of 363 respondents were selected using the Simple Random Sampling technique. The Partial Least Squares (PLS) method was adopted in analysing the collected data to determine the relationship. The outcome demonstrated the relationship between housing price, housing and transportation expenditure, indicating the significance of the Location Housing Affordability Index and can be a reference for housing policymakers.

scholarly journals Single Mother Affordability to Own a House

2018 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Azizah Binti Ismail
Keyword(s):  
Single Mothers ◽  
Affordable Housing ◽  
Single Mother ◽  
House Price ◽  
Housing Price ◽  
Secondary Data ◽  
Sampling Technique ◽  
Housing Affordability ◽  
Primary Data ◽  
Affordable House

The issue of housing affordability often involves middle and lower income groups. However, the problem of housing affordability is more critical, experienced by single mothers due to single mother is an individual who is the head of the family. The objective of this research to examine the factors that influences the problem of single mothers to own their own house. In addition, this research also to identify the type and price range of affordable house for single mothers. The process of the study begins from problem identification, literature review, case study, data collection, analysis and interpretation of research findings. Questionnaires are used to collect the primary data from respondents while literatures reviews are the secondary data for the research. The sample of this research includes 95 single mothers who are working and registered under The Ministry of Women and Family Darul Takzim. The random sampling technique was the method of sampling utilized. The findings of the research found out that there are a few main factors which influence the affordability of single mother to own their own house influenced by socio economic status such as race, age, single mother status, level of education, working period, the number of household, lower household incomes and house prices in the market. Besides, the type of affordable house may afford by single mothers is single storey and double storey house in a range price between RM50,000 to RM100,000. They are also may own an affordable housing provide by government which is single and double storey low and medium cost in range RM50,000 to RM80,000. In the end of study, various proposals are recommended such as government should control the house price in the market, loosening the loan conditions, the payment of 10 percent deposit and also loosening the rate interest.  For developer, they should increase the number of housing for target groups and carry out the market study to identify the affordable housing price.

scholarly journals A Study on Housing Price in Klang Valley, Malaysia

2016 ◽  
Vol 9 (12) ◽  
pp. 103 ◽  
Author(s):  
Paul Anthony Mariadas ◽  
Mahiswaran Selvanathan ◽  
Tan Kok Hong
Keyword(s):  
Inflation Rate ◽  
Housing Prices ◽  
Housing Price ◽  
Construction Cost ◽  
Residential Property ◽  
Property Market ◽  
Survey Form ◽  
Increasing Trend ◽  
Klang Valley ◽  
Main Factors

<p>The main aim of this study is to measure the factors influencing housing price in Klang Valley, Malaysia. This paper examines empirically whether the increasing trend in the Malaysian housing price is associated to changes in the population, construction cost, housing speculation, and inflation rate. The paper is exploratory in nature. The data is collected via questionnaire survey form distributed to youngest respondents in the sample area which is Klang Valley region. Each single elements are calculated its average index respect to few level of influence under respondents opinion. The index will then treated as influencing level of the factors. The paper delivers empirical outcomes that the population, construction cost and housing speculation are the main factors of housing prices. However, fluctuations in housing prices could not necessarily be influenced by the inflation rate. The overall result of this paper strongly recommends that housing price in the Malaysian residential property market is increasing continuously. Therefore, efforts to control the hike in housing price is needed by government and policy controllers in order to maintain the affordable to own a house in Malaysia.</p>

scholarly journals DETERMINANTS OF CASH WAQF CONTRIBUTION IN KLANG VALLEY AND SELANGOR: A SEM APPROACH

2016 ◽  
Vol 2 (1) ◽  
pp. 111-144 ◽  
Author(s):  
Muhammad Rizky Prima Sakti ◽  
Hassanuddin Bin Mohd Thas Thaker ◽  
Abdul Qoyum ◽  
Ibnu Qizam
Keyword(s):  
Structural Equation Modeling ◽  
Structural Equation ◽  
Empirical Studies ◽  
Jel Classification ◽  
Primary Data ◽  
Equation Modeling ◽  
Financial Instruments ◽  
Financial Problem ◽  
Klang Valley ◽  
Main Factors

Cash waqf is becoming one of the popular Islamic financial instruments which not only focus on the religiosity but also has significant impact to the ummah development. This waqf scheme does not require richness in wealth, yet everybody in the society can contribute to cash waqf. The importance of cash waqf is getting popular as it has benefited in many ways, for example it can be used to develop assets and abandoned land for business and agricultural purposes. In addition, cash waqf also can be utilized to help institutions who are facing financial problem or liquidity issues. Nonetheless, rarely we found in the literature that empirically examines the cash waqf determinants and contributions. This paper is one of the few empirical studies that investigate the determinants towards the contribution of cash waqf in Malaysia. The purpose of this paper is to investigate the main factors that influence people towards the contribution of cash waqf instruments, special reference to the Klang Valley and Selangor. This paper employs structural equation modeling (SEM) to verify the determinants of cash waqf contribution. In doing so, we use primary data by distributing self-administrated questionnaire constituting a sample of 114 respondents from Klang Valley and Selangor. Our empirical results reveal that the main factors that driven people towards the contribution of cash waqf products are attitude and social influences, however interestingly religion obligation is not influence the contribution of cash waqf.Keywords: Cash waqf, Malaysia, Structural Equation Modeling (SEM)JEL Classification: H8 

scholarly journals Factors Affecting the Household Income of Petty Traders During COVID-19 Pandemic in Dharan City

2021 ◽  
Vol 11 (1) ◽  
pp. 169-182
Author(s):  
Sita Kumari Khatiwada
Keyword(s):  
Marital Status ◽  
Significant Relationship ◽  
Household Income ◽  
Pearson Correlation ◽  
Primary Data ◽  
Survey Method ◽  
Factors Affecting ◽  
Significant Difference ◽  
The Family ◽  
The Government

Petty trading is such a type of economic activity operating abundance of the low-earning population in new urbanizing developing countries like Nepal. The main aim of this study is to explore factors affecting the household income of petty traders during the COVID-19 Pandemic in Dhahran city. This investigation had used descriptive analysis, and Pearson correlation test to identify the relationship between dependent and independent variables. There were 48 petty traders conveniently selected for the convenient sampling to collect primary data by survey method. The data were analyzed through descriptive statistics by using SPSS. It is found a significant relationship between daily household income and marital status of petty traders. But there was no significant relationship between the daily household income and the size of the family, investment of capital of the petty traders. Similarly, the above results of this study suggest that this study is helpful to the planners and policymakers in Dharan city to formulate suitable policy and manage the micro-business sector including petty traders. And the government should create programs that preserve and establish the economic rights of petty traders and reduce the various complications and taxes which they usually impose on them. The study concluded that there is a significant difference between the household income of petty traders and the marital status of petty traders. Moreover, it established that there was no relationship between the household income and the family size, the investment of capital, and the income before COVID 19 of petty traders.

Housing Inflation: Policy Guidelines from Shariah Perspective

2019 ◽  
Vol 16 (1) ◽  
pp. 70-81
Author(s):  
Azrul Azlan Iskandar Mirza ◽  
Asmaddy Haris ◽  
Ainulashikin Marzuki ◽  
Ummi Salwa Ahmad Bustamam ◽  
Hamdi Hakiem Mudasir ◽  
...  
Keyword(s):  
Content Analysis ◽  
Housing Prices ◽  
Construction Materials ◽  
Housing Price ◽  
Developed Countries ◽  
Control Element ◽  
Recent Issue ◽  
Analysis Methodology ◽  
The Government ◽  
Developing And Developed Countries

The soaring housing prices in Malaysia is not a recent issue. It is a global phenomenon especially in developing and developed countries, driven by factors including land price, location, construction materials cost, demand, and speculation. This issue demands immediate attention as it affects the younger generation, most of whom could not afford to buy their own house. The government has taken many initiatives and introduced regulations to ensure that housing prices are within the affordable range. This article aims to introduce a housing price control element from the Shariah perspective, as an alternative solution for all parties involved in this issue. It adopts content analysis methodology on policy from Shariah approved sources.

Klasifikasi Tahap Kematangan Pisang Ambon Berdasarkan Warna Menggunakan Naive Bayes

2018 ◽  
Vol 5 (2) ◽  
pp. 60-67 ◽  
Author(s):  
Dwi Yulianto ◽  
Retno Nugroho Whidhiasih ◽  
Maimunah Maimunah
Keyword(s):  
Naive Bayes ◽  
Fruit Production ◽  
Naïve Bayes ◽  
Primary Data ◽  
Banana Fruit ◽  
Bayes Method ◽  
Classification Image ◽  
Average Accuracy ◽  
The Government

ABSTRACT   Banana fruit is a commodity that contributes a great value to both national and international fruit production achievement. The government through the National Standardization Agency establishes standards to maintain the quality of bananas. The purpose of this Project is to classify the stages of maturity of Ambon banana base on the color index using Naïve Bayes method in accordance with the regulations of SNI 7422:2009. Naive Bayes is used as a method in the classification process by comparing the probability values generated from the variable value of each model to determine the stage of Ambon banana maturity. The data used is the primary data image of 105 pieces of Ambon banana. By using 3 models which consists of different variables obtained the same greatest average accuracy by using the 2nd model which has 9 variable values (r, g, b, v, * a, * b, entropy, energy, and homogeneity) and the 3rd model has 7 variable values (r, g, b, v , * a, entropy and homogeneity) that is 90.48%.   Keywords: banana maturity, classification, image processing     ABSTRAK   Buah pisang merupakan komoditas yang memberikan kontribusi besar terhadap angka produksi buah nasional maupun internasional. Pemerintah melalui Badan Standarisasi Nasional menetapkan standar untuk buah pisang, menjaga mutu  buah pisang. Tujuan dari penelitian ini adalah klasifikasi tahapan kematangan dari buah pisang ambon berdasarkan indeks warna menggunakan metode Naïve Bayes  sesuai dengan SNI 7422:2009. Naive bayes digunakan sebagai metode dalam proses pengklasifikasian dengan cara membandingkan nilai probabilitas yang dihasilkan dari nilai variabel penduga setiap model untuk menentukan tahap kematangan pisang ambon. Data yang digunakan adalah data primer citra pisang ambon sebanyak 105. Dengan menggunakan 3 buah model yang terdiri dari variabel penduga yang berbeda didapatkan akurasi rata-rata terbesar yang sama yaitu dengan menggunakan model ke-2 yang mempunyai 9 nilai variabel (r, g, b, v, *a, *b, entropi, energi, dan homogenitas) dan model ke-3 yang mempunyai 7 nilai variabel (r, g, b, v, *a, entropi dan homogenitas) yaitu sebesar 90.48%.   Kata Kunci : kematangan pisang,  klasifikasi, pengolahan citra

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