دانلود رایگان مقاله تجزیه و تحلیل بازار کمبود مسکن در مالزی

Abstract

The annual supply of housing in Malaysia is approximately four units per 1000 of the population; this is less than the recommended 8-10 units per 1000 in developing countries, implying that the Malaysian housing deficit units are likely to be on the increase. While the market is the most efficient way to determine housing price, the capital market for [affordable] housing have a very weak mechanism that if left unregulated will be ineffective and inefficient. The cost of accommodation continues to increase despite various government measures in the form of taxes and subsidies. Through a case study approach and survey questionnaire, this study examines the operation of affordable housing market the factors that determine the cost of affordable housing. The case study involved one of the affordable housing schemes. The study demonstrates that to base affordable housing price on market prices are seriously deficient in that it ignore the basic essence of affordable housing provision. There is no real basis for economists’ strongly held believe that house prices must be determined by the market to be efficient. With the KaiserMeyer-Olkin measure 0.714, and Bartlett’s test of sphericity (F2 (1005) = 563.821, p < 0.05), the major determinants of housing costs are strategic location, size of the housing and location. The study shows that government can intervene in affordable housing market in various ways to increase the homeownership rate.

4. Concluding remarks

As demonstrated above, if the government sets the rent ceiling below the equilibrium price, it will lead to shortages and increase in rent. In a competitive market, developers are able to maximise profits and minimize their loss by influencing the housing supply and price. They advise the government in providing incentives and/or increasing subsidies to house buyers or to developers. They also advise the government to reduce taxes on construction materials and to relax regulations on migrant labour. They encourage banks to lower interest rates on mortgages. A developer association, as an organised group of housing developers, influences housing prices and rents. Like other private organisations, they are profit-driven; they aim to influence the supply, price, rents, and other conditions of housing delivery. However, to increase homeownership, there is a need for the government to control rent because of the inherent weaknesses in the housing markets. As the findings based on the housing cost determinants government need to create the environments to lower the demand to reside in an area through providing jobs, institutions, recreational facilities in the suburbs.