Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur

The high prices of houses in Greater Kuala Lumpur have made it difficult for first-time homebuyers to own a house. As a result, affordable housing schemes were introduced recently to help them become home owners. The Malaysian government has launched many kinds of public low-cost housing schemes; ho...

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Main Author: Tan, Teck-Hong *
Format: Article
Language:English
Published: Elsevier Ltd 2012
Subjects:
Online Access:http://eprints.sunway.edu.my/142/
http://eprints.sunway.edu.my/142/1/Tan%20Teck%20Hong%20-%20Meeting%20First%20Time%20Buyers%20Housing%20needs%20and%20Preferences%20in%20Greater%20Kuala%20Lumpur.pdf
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author Tan, Teck-Hong *
author_facet Tan, Teck-Hong *
author_sort Tan, Teck-Hong *
building SU Institutional Repository
collection Online Access
description The high prices of houses in Greater Kuala Lumpur have made it difficult for first-time homebuyers to own a house. As a result, affordable housing schemes were introduced recently to help them become home owners. The Malaysian government has launched many kinds of public low-cost housing schemes; however, many housing projects which resulted from these schemes have turned into slums that do not provide wholesome environment for families to live. In order to avoid building more slums and benefit more young buyers from the scheme, the goal of this paper is to determine the right housing attributes required for first-time homebuyers in the urban area. A total of 300 questionnaires were distributed to young Malaysians in Greater KL with 265 questionnaires were returned. Results revealed that accessibility and neighborhood environment play a role in the decision to own. It can also be seen that ecologically friendly homes that embrace sustainability were important considerations when buying a home.
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spelling sunway-1422019-03-14T02:12:19Z http://eprints.sunway.edu.my/142/ Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur Tan, Teck-Hong * H Social Sciences (General) HD Industries. Land use. Labor The high prices of houses in Greater Kuala Lumpur have made it difficult for first-time homebuyers to own a house. As a result, affordable housing schemes were introduced recently to help them become home owners. The Malaysian government has launched many kinds of public low-cost housing schemes; however, many housing projects which resulted from these schemes have turned into slums that do not provide wholesome environment for families to live. In order to avoid building more slums and benefit more young buyers from the scheme, the goal of this paper is to determine the right housing attributes required for first-time homebuyers in the urban area. A total of 300 questionnaires were distributed to young Malaysians in Greater KL with 265 questionnaires were returned. Results revealed that accessibility and neighborhood environment play a role in the decision to own. It can also be seen that ecologically friendly homes that embrace sustainability were important considerations when buying a home. Elsevier Ltd 2012-12 Article PeerReviewed text en http://eprints.sunway.edu.my/142/1/Tan%20Teck%20Hong%20-%20Meeting%20First%20Time%20Buyers%20Housing%20needs%20and%20Preferences%20in%20Greater%20Kuala%20Lumpur.pdf Tan, Teck-Hong * (2012) Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur. Cities, 29 (6). pp. 389-396. (Submitted) doi:10.1016/j.cities.2011.11.016
spellingShingle H Social Sciences (General)
HD Industries. Land use. Labor
Tan, Teck-Hong *
Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur
title Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur
title_full Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur
title_fullStr Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur
title_full_unstemmed Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur
title_short Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur
title_sort meeting first-time buyers’ housing needs and preferences in greater kuala lumpur
topic H Social Sciences (General)
HD Industries. Land use. Labor
url http://eprints.sunway.edu.my/142/
http://eprints.sunway.edu.my/142/
http://eprints.sunway.edu.my/142/1/Tan%20Teck%20Hong%20-%20Meeting%20First%20Time%20Buyers%20Housing%20needs%20and%20Preferences%20in%20Greater%20Kuala%20Lumpur.pdf