What is it about?
This study examines the factors influencing housing prices in Malaysia. The study explores qualitatively whether there is housing bubble in Malaysia, and whether the housing prices are associated with changes in construction cost, land cost, compliance cost, housing speculation, and mortgage rate.
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Why is it important?
The study reaches the qualitative outcomes that rising housing prices are mainly due to cost factors and housing speculation but may not necessarily be influenced by mortgage rate.
Perspectives
The findings suggest that the residential property market is currently not facing housing bubble issue. However the problem is partly due to PTPTN blacklisted borrowers. Conclusion: It is imperative for the Malaysian government to put in further efforts to control housing prices in order to maintain affordability of homeownership.
Dr Huinee AuYong
Universiti Tunku Abdul Rahman
Read the Original
This page is a summary of: The Dynamics of Housing Prices in Malaysia: Findings from Focus Group Discussions, MATEC Web of Conferences, January 2018, EDP Sciences,
DOI: 10.1051/matecconf/201815005088.
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