Affordable housing vis a vis affordable financing: does it matter?
Home is an important dwelling and basic necessities to everybody. However, there are a number of the home buyers are not afford to own the house due to a lower income level to meet the risen house price in the market. Thus, this study addresses the problem of the gap in affordable housing in Malaysi...
| Main Authors: | , |
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/69558/ http://irep.iium.edu.my/69558/7/69558%20-%20Affordable%20House%20vis-%C3%A0-vis%20Affordable%20Financing.pdf |
| _version_ | 1848787136613974016 |
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| author | Redzuan, Nur Harena Kassim, Salina |
| author_facet | Redzuan, Nur Harena Kassim, Salina |
| author_sort | Redzuan, Nur Harena |
| building | IIUM Repository |
| collection | Online Access |
| description | Home is an important dwelling and basic necessities to everybody. However, there are a number of the home buyers are not afford to own the house due to a lower income level to meet the risen house price in the market. Thus, this study addresses the problem of the gap in affordable housing in Malaysia and the efforts being made to address the gap. The study highlights the issues of challenges of affordable housing and discusses the financing facilities of affordable houses provided by the Malaysia government. This conceptual paper attempts to illustrate the financing facilitates based on an amortization table from different schemes offered to home buyers. The study would recommend the resolution of financing an affordable house through compulsory savings approach to generate dedicated housing funding. The Housing Provident Fund (HPF) program would promote the affordable financing house by self-funded finance systems that operate through compulsory contributions from the residents. The HPF would match the objectives of affordable housing that housing with a social purpose to support those who would not able to afford the financing. |
| first_indexed | 2025-11-14T17:20:08Z |
| format | Proceeding Paper |
| id | iium-69558 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:20:08Z |
| publishDate | 2015 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-695582019-02-11T03:54:18Z http://irep.iium.edu.my/69558/ Affordable housing vis a vis affordable financing: does it matter? Redzuan, Nur Harena Kassim, Salina HG3368 Islamic Banking and Finance Home is an important dwelling and basic necessities to everybody. However, there are a number of the home buyers are not afford to own the house due to a lower income level to meet the risen house price in the market. Thus, this study addresses the problem of the gap in affordable housing in Malaysia and the efforts being made to address the gap. The study highlights the issues of challenges of affordable housing and discusses the financing facilities of affordable houses provided by the Malaysia government. This conceptual paper attempts to illustrate the financing facilitates based on an amortization table from different schemes offered to home buyers. The study would recommend the resolution of financing an affordable house through compulsory savings approach to generate dedicated housing funding. The Housing Provident Fund (HPF) program would promote the affordable financing house by self-funded finance systems that operate through compulsory contributions from the residents. The HPF would match the objectives of affordable housing that housing with a social purpose to support those who would not able to afford the financing. 2015 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/69558/7/69558%20-%20Affordable%20House%20vis-%C3%A0-vis%20Affordable%20Financing.pdf Redzuan, Nur Harena and Kassim, Salina (2015) Affordable housing vis a vis affordable financing: does it matter? In: 19th MACFEA National Seminar (MACFEA2015), 19th-20th November 2015, Palm Garden Hotel, Putrajaya. (Unpublished) |
| spellingShingle | HG3368 Islamic Banking and Finance Redzuan, Nur Harena Kassim, Salina Affordable housing vis a vis affordable financing: does it matter? |
| title | Affordable housing vis a vis affordable financing: does it matter? |
| title_full | Affordable housing vis a vis affordable financing: does it matter? |
| title_fullStr | Affordable housing vis a vis affordable financing: does it matter? |
| title_full_unstemmed | Affordable housing vis a vis affordable financing: does it matter? |
| title_short | Affordable housing vis a vis affordable financing: does it matter? |
| title_sort | affordable housing vis a vis affordable financing: does it matter? |
| topic | HG3368 Islamic Banking and Finance |
| url | http://irep.iium.edu.my/69558/ http://irep.iium.edu.my/69558/7/69558%20-%20Affordable%20House%20vis-%C3%A0-vis%20Affordable%20Financing.pdf |