EFFICIENCY OF HOUSING DELIVERY SYSTEM FOR AFFORDABLE HOMEOWNERSHIP IN MALAYSIA: A REVIEW OF LITERATURE
Abstract
Housing is an ultimate need for everyone. Government has implemented various initiatives in order to help low income and middle-income household to own a house. There are several affordable housing programs throughout Malaysia such as PR1MA, first time homebuyer scheme and others. Unfortunately, in year 2016, there are 10,859 units of house were unsold (overhang), which half of the unit is affordable housing. The price for this affordable housing is ranging from RM50,000 to RM300,000. Deficiency of housing delivery system is the key determinant contributed to this emerging concern. Affordable housing units remain unsold even though there is high demand for this type of units. Thus, this paper aims to investigate the factors influencing the efficiency of housing delivery system and problems faced by home buyers before deciding to buy a house. The literature identified, the efficiency key drivers for housing delivery system are housing price, public amenities, location, development neighbourhood, and physical aspect of the housing scheme.
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