Unveiling the Challenges Faced By Malaysian Housing Developers through Government Policy Changes

Despite being receptive to new ideas, Malaysian housing developers must be responsive to the demands imposed upon the industry. One of the external factors that influence the growth of housing development firms is the intervention of government. The role of government in shaping the housing indus...

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Main Authors: Nuruddin, Azlan Raofuddin, Bakar , Syed Putra Syed Abu, Jaafar , Mastura
Format: Article
Language:English
Published: Penerbit Universiti Sains Malaysia 2015
Subjects:
Online Access:http://eprints.usm.my/41467/
http://eprints.usm.my/41467/1/JCDC_20%282%29_2015-Art._3%2837-52%29.pdf
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author Nuruddin, Azlan Raofuddin
Bakar , Syed Putra Syed Abu
Jaafar , Mastura
author_facet Nuruddin, Azlan Raofuddin
Bakar , Syed Putra Syed Abu
Jaafar , Mastura
author_sort Nuruddin, Azlan Raofuddin
building USM Institutional Repository
collection Online Access
description Despite being receptive to new ideas, Malaysian housing developers must be responsive to the demands imposed upon the industry. One of the external factors that influence the growth of housing development firms is the intervention of government. The role of government in shaping the housing industry is especially pertinent because most land matters involve dealing directly with local and state authorities. The regulations imposed by the government are perceived as imbalanced and serve only to increase the challenges confronted by housing developers to maintain their survivability. This paper is therefore aimed at disclosing the related challenges faced by housing developers with respect to current government issues. Appropriately, 10 Malaysian housing developers were interviewed to determine the reasons for their success in achieving business sustainability, including eliciting responses for the myriad of challenges faced. To analyse the findings, a qualitative approach was used that is based on the content analysis method. All the interviewees highlighted several challenges that have impeded their progress in the management of the housing development business. Interestingly, the most notable challenge revealed by the respondents is related to the vagaries of the government rules and processes. Among the grievances mentioned by the participants were late approvals, sudden changes of rules, non-uniform compliances and other similar issues. Hence, there is a serious need for housing developers and the government to work in tandem, not only to minimise complaints directed towards the government but also to concertedly embrace changes in terms of policies and laws. A mutually beneficial wave of innovation is thus advocated, where the vested interests of both housing developers and house buyers will be protected accordingly. In addition, with good comprehension of the government procedures, the creation of economic empowerment and development will be easily realised
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spelling usm-414672018-08-21T02:13:37Z http://eprints.usm.my/41467/ Unveiling the Challenges Faced By Malaysian Housing Developers through Government Policy Changes Nuruddin, Azlan Raofuddin Bakar , Syed Putra Syed Abu Jaafar , Mastura TH1-9745 Building construction Despite being receptive to new ideas, Malaysian housing developers must be responsive to the demands imposed upon the industry. One of the external factors that influence the growth of housing development firms is the intervention of government. The role of government in shaping the housing industry is especially pertinent because most land matters involve dealing directly with local and state authorities. The regulations imposed by the government are perceived as imbalanced and serve only to increase the challenges confronted by housing developers to maintain their survivability. This paper is therefore aimed at disclosing the related challenges faced by housing developers with respect to current government issues. Appropriately, 10 Malaysian housing developers were interviewed to determine the reasons for their success in achieving business sustainability, including eliciting responses for the myriad of challenges faced. To analyse the findings, a qualitative approach was used that is based on the content analysis method. All the interviewees highlighted several challenges that have impeded their progress in the management of the housing development business. Interestingly, the most notable challenge revealed by the respondents is related to the vagaries of the government rules and processes. Among the grievances mentioned by the participants were late approvals, sudden changes of rules, non-uniform compliances and other similar issues. Hence, there is a serious need for housing developers and the government to work in tandem, not only to minimise complaints directed towards the government but also to concertedly embrace changes in terms of policies and laws. A mutually beneficial wave of innovation is thus advocated, where the vested interests of both housing developers and house buyers will be protected accordingly. In addition, with good comprehension of the government procedures, the creation of economic empowerment and development will be easily realised Penerbit Universiti Sains Malaysia 2015 Article PeerReviewed application/pdf en http://eprints.usm.my/41467/1/JCDC_20%282%29_2015-Art._3%2837-52%29.pdf Nuruddin, Azlan Raofuddin and Bakar , Syed Putra Syed Abu and Jaafar , Mastura (2015) Unveiling the Challenges Faced By Malaysian Housing Developers through Government Policy Changes. Journal of Construction in Developing Countries , 20 (2). pp. 37-52. ISSN 1823-6499 http://web.usm.my/jcdc/vol20_2_2015/JCDC%2020(2)%202015-Art.%203(37-52).pdf
spellingShingle TH1-9745 Building construction
Nuruddin, Azlan Raofuddin
Bakar , Syed Putra Syed Abu
Jaafar , Mastura
Unveiling the Challenges Faced By Malaysian Housing Developers through Government Policy Changes
title Unveiling the Challenges Faced By Malaysian Housing Developers through Government Policy Changes
title_full Unveiling the Challenges Faced By Malaysian Housing Developers through Government Policy Changes
title_fullStr Unveiling the Challenges Faced By Malaysian Housing Developers through Government Policy Changes
title_full_unstemmed Unveiling the Challenges Faced By Malaysian Housing Developers through Government Policy Changes
title_short Unveiling the Challenges Faced By Malaysian Housing Developers through Government Policy Changes
title_sort unveiling the challenges faced by malaysian housing developers through government policy changes
topic TH1-9745 Building construction
url http://eprints.usm.my/41467/
http://eprints.usm.my/41467/
http://eprints.usm.my/41467/1/JCDC_20%282%29_2015-Art._3%2837-52%29.pdf