Opportunities in housing property for young and first-time homebuyer in Malaysia

The biggest concern for first-time buyers is affordability, especially in major Malaysian cities such as Klang Valley, Penang and Johor. Low and middle-income families are worried because affordability will not only affect their ability to become homeowners, but also the size and type of houses they...

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Main Authors: Hassan, Mohammad Mujaheed, Ahmad, Nobaya, Hashim, Ahmad Hariza
Format: Article
Published: Human Resource Management Academic Research Society 2022
Online Access:http://psasir.upm.edu.my/id/eprint/102394/
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author Hassan, Mohammad Mujaheed
Ahmad, Nobaya
Hashim, Ahmad Hariza
author_facet Hassan, Mohammad Mujaheed
Ahmad, Nobaya
Hashim, Ahmad Hariza
author_sort Hassan, Mohammad Mujaheed
building UPM Institutional Repository
collection Online Access
description The biggest concern for first-time buyers is affordability, especially in major Malaysian cities such as Klang Valley, Penang and Johor. Low and middle-income families are worried because affordability will not only affect their ability to become homeowners, but also the size and type of houses they can buy. In order to solve the problem of affordability of real estate, the Malaysian government has provided two key programs for the relatively new workforce. However, most young and first-time buyers are not aware of these offers. This article aims to review the opportunities for young and first-time homebuyers to own a home. This article first reviews young and time homebuyers, the definition of housing, housing loans, the support provided by the Malaysian government for first-time homebuyers in terms of affordable housing and financial support.
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institution Universiti Putra Malaysia
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publishDate 2022
publisher Human Resource Management Academic Research Society
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spelling upm-1023942023-06-07T08:42:02Z http://psasir.upm.edu.my/id/eprint/102394/ Opportunities in housing property for young and first-time homebuyer in Malaysia Hassan, Mohammad Mujaheed Ahmad, Nobaya Hashim, Ahmad Hariza The biggest concern for first-time buyers is affordability, especially in major Malaysian cities such as Klang Valley, Penang and Johor. Low and middle-income families are worried because affordability will not only affect their ability to become homeowners, but also the size and type of houses they can buy. In order to solve the problem of affordability of real estate, the Malaysian government has provided two key programs for the relatively new workforce. However, most young and first-time buyers are not aware of these offers. This article aims to review the opportunities for young and first-time homebuyers to own a home. This article first reviews young and time homebuyers, the definition of housing, housing loans, the support provided by the Malaysian government for first-time homebuyers in terms of affordable housing and financial support. Human Resource Management Academic Research Society 2022-01-12 Article PeerReviewed Hassan, Mohammad Mujaheed and Ahmad, Nobaya and Hashim, Ahmad Hariza (2022) Opportunities in housing property for young and first-time homebuyer in Malaysia. International Journal of Academic Research in Business and Social Sciences, 12 (1). 942 - 955. ISSN 2222-6990 https://hrmars.com/index.php/IJARBSS/article/view/12004/Opportunities-in-Housing-Property-for-Young-and-First-Time-Homebuyer-in-Malaysia 10.6007/IJARBSS/v12-i1/12004
spellingShingle Hassan, Mohammad Mujaheed
Ahmad, Nobaya
Hashim, Ahmad Hariza
Opportunities in housing property for young and first-time homebuyer in Malaysia
title Opportunities in housing property for young and first-time homebuyer in Malaysia
title_full Opportunities in housing property for young and first-time homebuyer in Malaysia
title_fullStr Opportunities in housing property for young and first-time homebuyer in Malaysia
title_full_unstemmed Opportunities in housing property for young and first-time homebuyer in Malaysia
title_short Opportunities in housing property for young and first-time homebuyer in Malaysia
title_sort opportunities in housing property for young and first-time homebuyer in malaysia
url http://psasir.upm.edu.my/id/eprint/102394/
http://psasir.upm.edu.my/id/eprint/102394/
http://psasir.upm.edu.my/id/eprint/102394/