Category FAQs Search : Housing Development in Malaysia/Sarawak
Question: HOUSING PREFERENCE FOR FIRST TIME HOME BUYER IN MALAYSIA
Answer: The problem of house ownership of first time homebuyer is critical since they are constrained by the affordability as
well as selecting the appropriate choice for them to suit their needs. Data from property market report shows that
most of the housing transaction that keep dropping is from housing price between RM100,000 and RM250,000.
Wherein the market target for this range of housing price is for individual or household that been categorized under
first time home buyer. Thus this study evaluates the preferences of first time homebuyers in buying houses to live in.
A total of 850 questionnaires were distributed and 650 were returned and only 351 are from first time homebuyer,
which was further analysed. The questionnaires were distributed to three major cities in Malaysia, which are Kuala
Lumpur, Penang and Johor Bahru. In modelling the preferences using the Structural Equation Model (SEM) shows
those same factors appears to be the preference of first time homebuyers. This finding has very important
implication to the government or other agencies as they can plan in constructing the right house for first time
homebuyers.
(Source: Pustaka Negeri Sarawak, 07 Jul 2021)
Source Link: https://www.utm.my/intrest/files/2017/09/01-HOUSING-PREFERENCE-FOR-FIRST-TIME-HOME-BUYER-IN-MALAYSIA-ammended.pdf