Housing Affordability among Generation Y in Malaysia A Conceptual Analysis

2015 ◽  
Vol 1 (2) ◽  
pp. 16
Author(s):  
Amira Aishah Mohd Shoed ◽  
Geetha Subramaniam
Keyword(s):  
Affordable Housing ◽  
Generation Y ◽  
Conceptual Analysis ◽  
House Prices ◽  
Empirical Work ◽  
Housing Affordability ◽  
Policy Makers ◽  
Conceptual Paper ◽  
Conceptual Study ◽  
First Time

Over the past few years, the house prices in Malaysia have experienced a huge value development and urned into a stress pattern for those who want to own a house, especially first time home buyers. This conceptual paper will examine issues of housing affordability among young Malaysians who have intentions of buying a house. The persistent increment of house prices have influenced the capability and ability of individuals to buy houses. The issue is extremely serious among the first time home purchaser, particularly the Generation Y. Thus, this paper will discuss some of the reasons behind this issue and also examine the current government housing policies which are in place to help home buyers. This conceptual study would form atheoretical framework for further empirical work to be done by future researchers and which can be usedby policy makers and stakeholders in designing affordable housing for Generation Y in Malaysia.

scholarly journals Submission to the House of Representatives Standing Committee on Tax and Revenue’s inquiry into Housing Affordability and Supply

2021 ◽  
Author(s):  
Cameron Murray
Keyword(s):  
Interest Rates ◽  
Affordable Housing ◽  
House Prices ◽  
Asset Price ◽  
Housing Affordability ◽  
Public Healthcare ◽  
Housing Supply ◽  
State Planning ◽  
Housing Systems ◽  
The Past

•There are more, bigger, better, dwellings per capita in Australia in 2021 compared to any point in history.•Multiple government inquiries at all levels over the past two decades have ostensibly sought to find the cause of house prices hidden in the pages of local zoning laws. •Dwellings are assets and are priced based on financial market conditions. •Density (dwellings per unit of land) and the rate of supply (new dwellings per period of time) are conceptually different but often confused in housing supply discussions.•This submission argues that market housing supply has exceeded household demand. State planning systems have flexibly accommodated new supply while regulating the location of different types of dwellings. •Compared to household incomes and rents, the cost of buying a home (measured by mortgage payments) in 2021 is historically cheap. This is due to lower interest rates and is why intercensal homeownership is expected to rise in 2021. However, asset price adjustments will mean that this situation will not persist. •Taxes on property are efficient and fair and do not add to housing costs but rather subtract from property values.•Affordable housing is cheap housing. Cheaper housing means lower rents and prices. Any “affordability” policy that reduces market prices will remove billions in landlord revenues each year, transferring that value to tenants, and trillions in housing asset values, with that value transferred to future buyers. •Fostering parallel non-market housing systems, just as public healthcare provides a non-market medical system, can be an effective way to improve housing affordability. •There are no local, international, or historical examples of planning reforms leading to cheaper housing. Indeed, a Productivity Commission review concluded “given the small size of net additions to housing in any year relative to the size of the stock, improvements to land release or planning approval procedures, while desirable, could not have greatly alleviated the price pressures of the past few years.” (p154)

scholarly journals THE GAP BETWEEN HOUSING AFFORDABILITY AND AFFORDABLE HOUSE: A CHALLENGE FOR POLICY MAKERS

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Najihah Azmi ◽  
Ahmad Ariffian Bujang
Keyword(s):  
Affordable Housing ◽  
Household Income ◽  
House Price ◽  
Housing Affordability ◽  
Policy Makers ◽  
Housing Costs ◽  
The Difference ◽  
The Relationship ◽  
Descriptive Method ◽  
Affordable House

Much of the literature defines housing affordability as the relationship between household income and housing expenditure (housing costs). Affordable housing refers to the affordability of the household to own or rent the housing. Housing becomes unaffordable if the housing costs exceed the income of the household. Thus, the objective of this paper is to define the difference between housing affordability and an affordable house and to identify the factors influencing the gap between housing affordability and an affordable house. To achieve the objectives of this paper, 28 variables or factors have been identified. These variables or factors are then analysed by using the descriptive method of analysis. After analysing 28 identified variables or factors, the findings show that a high house price, a high monthly repayment, the type of property ownership and the land area either extremely or moderately influenced the gap between housing affordability and an affordable house.

Building Affordable Housing in Urban Malaysia: Economic and Institutional Challenges to Housing Developers

2017 ◽  
Vol 42 (4) ◽  
pp. 28-35 ◽  
Author(s):  
T H Tan ◽  
H. K. Samihah ◽  
S. N. Phang
Keyword(s):  
Affordable Housing ◽  
Urban Population ◽  
Housing Affordability ◽  
Housing Provision ◽  
Middle Income ◽  
Private Housing ◽  
Urban Population Growth ◽  
Institutional Challenges ◽  
First Time ◽  
Severe Shortage

Affordable housing has become an important issue with the greatest need being in urban centres. Currently, an increase in urban population growth is higher than the supply of affordable housing, and this has resulted in a severe shortage of affordable housing as house builders are unable to construct houses at prices which are low enough for urban middle income households. Despite efforts by the Malaysian government to launch homeownership schemes for first-time homebuyers, most private housing developers might not be motivated to participate in these schemes. One of the major reasons for the disappointing supply affordable house under these schemes is mainly due to institutional and economic issueslinked to the construction of such houses in the country. This paper looks at the challenges facing private housing developers in affordable housing provision and makes recommendations to address housing affordability in the country.

Urban Population and Identification of Indicators for Affordable Housing in India

2019 ◽  
Vol 8 (2S11) ◽  
pp. 1-8
Keyword(s):  
Urban Communities ◽  
Affordable Housing ◽  
Urban Population ◽  
Housing Affordability ◽  
Fundamental Issue ◽  
Area Unit ◽  
Outlying Regions ◽  
Indian Nations ◽  
Statistical Area ◽  
Present View

Urbanization assumes a pivotal role in the economic development of any country. Housing affordability has been broadly perceived as a fundamental issue in making practical assembled condition particularly with regards to developing world urban communities. As a result, a large number of the least urbanized and least developed Indian nations' will confront serious difficulties in giving moderate housing to the urban tenants. This exploration is done to distinguish conceivable indicators for affordable housing in India, particularly in the urban zones. Likewise, it inspects the present view of housing affordability in outlying regions through the improvement of a set of empirical indicators. These indicators are applied to give an incorporated affordability record for each statistical area unit across India.

Whirling in between the personal and the impersonal

2019 ◽  
Vol 25 (2) ◽  
pp. 257-284
Author(s):  
Armen E. Petrosyan
Keyword(s):  
Organization Theory ◽  
Conceptual Analysis ◽  
Essential Elements ◽  
Organizational Life ◽  
Critical Perspective ◽  
Content Type ◽  
Organizational Goals ◽  
Last Stage ◽  
First Time ◽  
Current Paradigm

Purpose The paper aims to present a systematic conceptual analysis of the problem of organizational goal and to reduce the insights into it provided by the main conceptions taken in their development from one to another, to break out of the ruling paradigm and outline a new solution. Design/methodology/approach The study has been carried out from the historical and critical perspective. Findings The paper discovers the logic of the evolution the approaches to organizational goals have undergone and portrays it in a matrix form in the heart of which is the “zigzag effect”: each posterior stage returns to the essential elements rejected by those preceding it, and the last stage, being diametrically opposite to the first, is, at that, as well as the latter, akin to the intermediate stages. The opportunities afforded by the current paradigm have been exhausted and it seems to run to an impasse. Instead, the author suggests a new frame of orientation: organizational goals are closely interknit with personal, but not reducible to them and bear fundamentally transpersonal character, while the mechanism of involving the preferences of individuals and groups in goal-setting is based on the self-contained interests of the organization they pertain to. Research limitations/implications The findings, conclusions and generalizations obtained can serve for a necessary ground to researchers getting deeper into the essence of what bonds organizational life and activity. Practical implications The material empowers practitioners to comprehend the difficulties of framing cohesive goal and find efficient ways to overcome them. It is of value also to the teachers seeking to present a more exact and elaborate view of teleological foundations of management and organization theory. Originality/value Both the conceptual analysis of the evolution of the approaches to organizational goals and the author’s exposition of its logic and vision of their nature are provided for the first time.

The drivers of corporate governance disclosure: the case of Nifty 500 Index

2018 ◽  
Vol 60 (2) ◽  
pp. 681-700 ◽  
Author(s):  
Androniki Katarachia ◽  
Electra Pitoska ◽  
Grigoris Giannarakis ◽  
Elpida Poutoglidou
Keyword(s):  
Corporate Governance ◽  
Financial Leverage ◽  
Policy Makers ◽  
Content Type ◽  
Explanatory Variables ◽  
Size Number ◽  
Governance Practices ◽  
Board Director ◽  
First Time ◽  
Governance Disclosure

Purpose Based on agency theory, the purpose of this paper is to investigate the determinants on the dissemination level of corporate governance disclosure (CGD). Design/methodology/approach The sample of the study incorporates listed companies in Nifty 500 Index for the period 2009-2014. The Governance Disclosure Score calculated by Bloomberg is used as a proxy for the dissemination level of corporate governance information. In total, eight explanatory variables are uses, namely, board’s size, number of board meetings, CEO duality, presence of women on the board, company’s size, financial performance, Tobin’s Q ratio and financial leverage. Findings The results of study suggest a need for improvement in CGDs by Indian companies, as they fail to comply the majority of the proposed disclosure items. Furthermore, it is revealed that the number of board director, the value of company, the financial leverage and the presence of women affect negatively the dissemination level of corporate governance information. While, the size of company is the only determinant that positively affects the extent of CGD. Practical implications The results are valuable because they reveal the attributes that determines which companies needs less or extra monitoring by shareholders and investors regarding the applied corporate governance practices. In addition, the study can be valuable to policy makers responsible for the regulation of company’s accountability in relation to corporate governance practices. Originality/value The study extents previous studies by incorporating for the first time Bloomberg’s rating approach regarding the dissemination level of CGD in Indian context.

Understanding Affordability

2020 ◽  
Author(s):  
Geoffrey Meen ◽  
Christine Whitehead
Keyword(s):  
Low Income ◽  
Structural Changes ◽  
Home Ownership ◽  
House Prices ◽  
Household Formation ◽  
Policy Makers ◽  
Political Forces ◽  
The Uk ◽  
Developed World ◽  
The Impact

Affordability is, perhaps, the greatest housing problem facing households today, both in the UK and internationally. Even though most households are now well housed, hardship is disproportionately concentrated among low-income and younger households. Our failure to deal with their problems is what makes housing so frustrating. But, to improve outcomes, we have to understand the complex economic and political forces which underlie their continued prevalence. There are no costless solutions, but there are new policy directions that can be explored in addition to those that have dominated in recent years. The first, analytic, part of the book considers the factors that determine house prices and rents, household formation and tenure, housing construction and the roles played by housing finance and taxation. The second part turns to examine the impact of past policy and the possibilities for improvement - discussing supply and the impact of planning regulation, supply subsidies, subsidies to low-income tenants and attempts to increase home ownership. Rather than advocating a particular set of policies, the aim is to consider the balance of policies; the constraints under which housing policy operates; what can realistically be achieved; the structural changes that would need to occur; and the significant sacrifices that would have to be made by some groups if there are to be improvements for others. Our emphasis is on the UK but throughout the book we also draw on international experience and our conclusions have relevance to analysts and policy makers across the developed world.

Policy Diffusion in a Redistributive Policy: Affordable Housing and State Housing Trust Funds

2021 ◽  
pp. 0160323X2110494
Author(s):  
Carla Flink ◽  
Rebecca J. Walter ◽  
Xiaoyang Xu
Keyword(s):  
Affordable Housing ◽  
Event History Analysis ◽  
Policy Diffusion ◽  
State Level ◽  
Housing Affordability ◽  
Housing Investment ◽  
Trust Funds ◽  
History Analysis ◽  
Survival Modeling ◽  
Problem Severity

Diffusion models explore the reasons policies transfer across governments. In this study, we focus on U.S. state level efforts in affordable housing. Drawing predominately from policy diffusion literature, our research examines the determinants of the creation of state Housing Trust Funds (HTFs). We utilize event history analysis with logit regressions and survival modeling to examine how problem severity, neighbor adoption, economic standing, elected leadership, housing investment, and demographics predict state HTF adoption. Results indicate that both problem severity and elected leadership predict the adoption of HTFs. This work improves our understanding of state policy diffusion and efforts in housing affordability.

scholarly journals Analysis of Natural Gas Consumption by the Industrial Sector of Bangladesh

2013 ◽  
Vol 27 ◽  
pp. 1-7
Author(s):  
Mahbubur Rahman ◽  
Mohammad Tamin ◽  
Lutfar Rahman
Keyword(s):  
Natural Gas ◽  
Chemical Engineering ◽  
Industrial Sector ◽  
Policy Makers ◽  
Usual Practice ◽  
Consumption Data ◽  
Depth Analysis ◽  
Gas Consumption ◽  
Natural Gas Consumption ◽  
First Time

The natural gas consuming sectors in Bangladesh are: i) Power, ii) Fertilizer, iii) Industry, iv) Captive power, v) Domestic, vi) Commercial, and vii) Transportation (CNG). Broad sectoral consumptions are reported in various literatures and reports, however, further breakdown of the data are difficult to find, and neither reported. The combined consumption of fertilizer, industry and captive power sectors is a significant portion of national gas consumption. This paper presents for the first time an in-depth analysis of the industrial sector gas consumption. Data were collected for each type of industry, and grouped according to the United Nations Framework Convention for Climate Change (UNFCCC). Captive generation is included in the industrial sector consumption, unlike the usual practice of considering it under the power generation. It is noticed that garments, textile and leather industries together have shown remarkable growth in the last decade. All the industries are more or less related to the national GDP growth. Some are export oriented while others address the internal market. Therefore analysis presented here should be helpful for policy makers to prioritize the sectors in case preferential supply and tariff adjustments become necessary.DOI: http://dx.doi.org/10.3329/jce.v27i1.15846 Journal of Chemical Engineering, IEB Vol. ChE. 27, No. 1, June 2012: 1-7

Hong Kong and Shanghai: current and/or future international financial centres?

2015 ◽  
Vol 8 (3) ◽  
pp. 183-193
Author(s):  
John Adams ◽  
Andrew YC Wong
Keyword(s):  
Hong Kong ◽  
Success Factors ◽  
Reliability And Validity ◽  
Policy Makers ◽  
Content Type ◽  
Financial Centre ◽  
Future Success ◽  
The Future ◽  
Future Policy ◽  
First Time

Purpose – This paper publishes summary results for the first time of a major survey of senior financial practitioners undertaken in Hong Kong and Shanghai in 2005, and compares these with the Global Financial Centre Index first created in 2007 to determine the extent to which both are consistent. Design/methodology/approach – The research is based on a detailed survey and utilizes principal-components analysis to determine the primary factors relevant to the development of both cities as international financial centres (IFCs) and those which the respondents consider will be relevant in the future. Findings – The paper demonstrates that the key “success factors” for both cities in 2005 remain very important in the global financial centres index (GFCI) analysis ten years later but not necessarily by the same ranking. We also found that a number of the “primary” factors change when respondents are asked to consider future success factors. Research limitations/implications – The survey was conducted ten years ago; however, the results continue to have significant reliability and validity - especially when compared with the results of the GFCI report of 2014. Practical implications – The paper should enable policy makers and practitioners to better understand the future policy environment needed for extending the financial centre status of both Hong Kong and Shanghai. Originality/value – This is the first time (some) of the survey findings that have ever been published, and they represent a rich source of information – however, the authors will be examining the survey data for future publications.

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