Locational, neighborhood, structural and socio-cultural attributes of housing in homeownership decisions
The sharp increase in house prices has brought government and housing developers to take close attention to the housing need of first-time homebuyers by supplying quality affordable housing to them through PR1MA housing scheme. The goal of this paper is to determine the right housing attributes requ...
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2012
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| Online Access: | http://eprints.sunway.edu.my/144/ http://eprints.sunway.edu.my/144/1/Tan%20Teck%20Hong%20-%20Locational%2C%20Neighbourhood%2C%20Structural%20and%20Socio-Cultural%20Attributes%20of%20Housing%20in%20Homeownership%20Decisions.pdf |
| Summary: | The sharp increase in house prices has brought government and housing developers to take close attention to the housing need of first-time homebuyers by supplying quality affordable housing to them through PR1MA housing scheme. The goal of this paper is to determine the right housing attributes required by potential first-time homebuyers which will ensure this affordable housing scheme gets off the right footing. A total of 300 questionnaires were distributed to potential first-time homebuyers in Klang Valley, Malaysia but only 265 questionnaires were returned. Results revealed that accessibility and guarded neighborhood influence homeownership preferences by first-time homebuyers. It also showed that first-time homebuyers were receptive to environmentally-sensitive homes. However, socio-cultural attributes of housing exert less influence on homeownership decisions. |
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