The development of Urban Malays middle class house ownership: moving beyond basic social needs
Housing is considered a basic social need and important to the well being of individual and the family as well as the community. The kind of housing people have, tells the world who they are, their status, and class of society. The pursuit to house ownership is not just a dream but it is a realit...
| Main Author: | |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2008
|
| Subjects: | |
| Online Access: | http://eprints.usm.my/34920/ http://eprints.usm.my/34920/1/HBP34.pdf |
| Summary: | Housing is considered a basic social need and important to the well being of
individual and the family as well as the community. The kind of housing people have, tells
the world who they are, their status, and class of society. The pursuit to house ownership is
not just a dream but it is a reality and a targeted dream for every household. This paper
discusses the development of house ownership in the perspectives of urban Malay middle
class society. The Malay in urban areas has gone trough a rapid urbanisation process with
increase level of income, better economic opportunities and an increase in quality of life.
This paper attempt to look at the development of house ownership among the urban Malay
middle class households who have been experiencing social and economic changes for the
past 20 years and measures to what extent the Malays involved in housing transactions
which beyond providing the basic social needs. A survey questionnaire approach was
conducted in Shah Alam to study the house ownership status of middle class Malay, the
socioeconomic characteristics of multiple house ownerships as well as the trend and pattern
of residential property ownership. This paper will highlight that the middle class Malay has
valued house ownership not just to satisfy the basic social needs but also continue to
expand house ownerships as a mean to increase asset and for investment strategies. |
|---|