Locational, neighborhood, structural and socio-cultural attributes of housing in homeownership decisions

Tan, Teck-Hong * (2012) Locational, neighborhood, structural and socio-cultural attributes of housing in homeownership decisions. In: International Real Estate Symposium (IRERS) 2012: Globalization of Real Estate: Transforming and Opportunities (6th), 24-25 Apr 2012, National Institute of Valuation (INSPEN), Ministry of Finance, Malaysia. (Submitted)

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Abstract

The sharp increase in house prices has brought government and housing developers to take close attention to the housing need of first-time homebuyers by supplying quality affordable housing to them through PR1MA housing scheme. The goal of this paper is to determine the right housing attributes required by potential first-time homebuyers which will ensure this affordable housing scheme gets off the right footing. A total of 300 questionnaires were distributed to potential first-time homebuyers in Klang Valley, Malaysia but only 265 questionnaires were returned. Results revealed that accessibility and guarded neighborhood influence homeownership preferences by first-time homebuyers. It also showed that first-time homebuyers were receptive to environmentally-sensitive homes. However, socio-cultural attributes of housing exert less influence on homeownership decisions.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Housing attributes; first-time homebuyers; homeownership preferences
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Sunway University > Sunway University Business School > Dept. Management and Economics
Depositing User: Ms. Molly Chuah
Date Deposited: 02 Jul 2013 08:02
Last Modified: 02 Jul 2013 08:02
URI: http://eprints.sunway.edu.my/id/eprint/144

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