The housing industry is crucial to the sustainable development in Malaysia. The efficiency and effectiveness of the housing delivery system requires housing provision for all. The housing industry, which had grown rapidly in the 1980s encountered property oversupply recently. The majority of these units remain unsold for reasons beyond price factor, ranging from poor location to unattractive houses. The main objective of this paper is to tackle property oversupply in the country by examining a detailed knowledge of home owning determinants. Homeownership should be encouraged as positive externalities of homeownership can be found in many housing surveys. Homeownership is a complex issue that is the result of many determinants, including housing characteristics (house types and property types), employment and income trends, sociocultural and demographic descriptors. In addition to determinants, efforts needed to reduce regulatory barriers in the housing delivery system that can significantly increase the cost of producing houses. The government should make home financing more available and affordable by providing subsidies to low income families and creating incentives to save for homeownership. Efforts also needed to extend opportunities to enhance the affordability of homeownership by liberalizing rules and regulation of Employee Provident Fund (EPF) withdrawal.
This paper attempts to measure the intention of homebuyers to purchase green and sustainable homes using an extended theory of planned behavior model (TPB) in Malaysia. The results obtained indicate that attitude towards green housing, perceived behavior control, and perceived self-identity have positive causal effects on behavioral intentions to purchase such homes. However, social referents' opinion relating to sustainable homes is not significantly related to intent to purchase. The findings also indicate that interdependencies among psychosocial variables are important extensions of TPB to predict behavioral intentions to purchase green and sustainable homes.
In the context of creating age-friendly communities, this paper examines the effects of neighborhood walkability and third places on older adults’ social connectedness. The subject was older adult homeowners aged sixty-five years and above in the context of American college towns. Partial least squares structural equation modeling was used, controlling personal abilities and sociodemographic factors. Third places positively influenced older adults’ social support network, but it was not associated with loneliness. Objective and perceived neighborhood accessibility had no association with either social support network or loneliness in later life. Findings suggest that planners and developers should prioritize third places in designing for active living.
Purpose -The purpose of this paper is to determine how satisfied homeowners are with their gated residences. Design/methodology/approach -This study starts out by examining the data collected through self-administered surveys to find out the satisfaction levels and motivations of homeowners toward their gated homes in the Klang Valley, Malaysia. This is then followed by regression analysis to examine the relationship between motivations of owing gated homes and residential satisfaction. Findings -The benefits that motivate households to purchase gated landed homes are "Safety and Security," "Financial Benefits" and "Social Status" and "Lifestyle Facilities." It also appears that the satisfaction levels of homeowners are to a certain extent, influenced by the benefits of owning a gated home. Research limitations/implications -It seems that when home buyers purchase houses these days, a major consideration is placed on whether or not the development is a gated one. Practical implications -The congruence and dissonance between residents and their housing situations are essential to prevent the decreasing quality of urban environment. Thus, this study can serve as a guide for urban planners and property developers in planning and designing of enclosed private residential developments. Furthermore, property developers can gain valuable insights on the gated home features that they should improve to meet each homebuyer's needs. Originality/value -Majority of the studies on residential satisfaction have been focussed on the evaluation of non-enclosure communities. There have only been a limited of studies examining the experience of residents in enclosed private residential environments in a developing country. Hence, this paper has contributed to the existing knowledge in the development of gated estates in a developing country.
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