Housing Affordability: A Conceptual Overview for House Price Index

Suhaida, M.S.; Tawil, Norngainy Mohd; Hamzah, Noraini; Che‐Ani, Adi Irfan; Basri, Hassan; Yuzainee, M. Y.

doi:10.1016/j.proeng.2011.11.176

Cited by 54 publications

(34 citation statements)

References 16 publications

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“…The My First Home Scheme has enabled young people categorised as poor with monthly household income of less than RM3,000 to own houses priced in the range of RM100,000 to RM220,000. These young buyers will be approved for 100 percent financing for a repayment period of 30 years [17].…”

Section: Owning Purchasing and Affordabilitymentioning

confidence: 99%

Hungry for housing: waqf real estate development - a social welfare alternative

et al. 2016

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Abstract.Islam has outlined 4 important elements to achieve fruitful life in the duniya and the akhirah. A famed hadith of Rasulullah (peace be upon him) meaning "Four things that will bring joy to a person, which is (owning) a pious woman (wife), a good house (spacious), a good neighbour, and a great vehicle" (Hadith narrated by Ibnu Hibban. It is clear from this hadith that Islam emphasised ownership of a comfortable home. The polemic remains that with skyrocketing housing prices in the market, would the low and middle income groups afford housing that is safe, comfortable and secure? Realising the importance of living in a secure and safe house, this study aims at investigating the possibility of leveraging the upward trend of waqf real estate development in empowering the Muslims' economy in the country. Towards this end, the authors have conducted a study by collating primary and secondary data obtained from the Penang State Islamic Religious Council (Majlis Agama Islam Pulau Pinang) for analysis. Thus the Penang Islamic Council is the study site. Semi structured interviews were conducted with 2 waqf officials who are in charge of coordinating waqf real estate developments in Penang. Based on the study conducted, it was found that Penang State Islamic Religious Council has succeeded in enhancing value added to waqf real estate developments through the implementation of 9 housing project developments using the ijarah concept. The Penang State Islamic Religious Council has enabled the low medium income groups to stay in comfortable and safe housing by utilising such holistic and efficient waqf product developments under shariah guidelines.

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Section: Owning Purchasing and Affordabilitymentioning

confidence: 99%

Hungry for housing: waqf real estate development - a social welfare alternative

et al. 2016

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“…In 2011 the figure for the lowest income quartile was 8.1; for the second 4.8 and for the third 3.5. Suhaida et al (2011) classify median home price to median household ratio as follows: Severely Unaffordable ≥5.1; Seriously Unaffordable 4.1-5.0, Moderately Unaffordable 3.1-4.0; Affordable ≤3.0 (Suhaida et al, 2011). It corresponds with housing policies in many developed countries, where affordability is the relationship between the housing cost and incomes, with no more than a certain specified percentage of income (ranging between 25% and 35%) (Mulliner and Maliene, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

Comparison of housing market sustainability in European countries based on multiple criteria assessment

2015

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“…How to obtain the housing affordability? Gan and Hill [12], Suhaida et al [13] and Mulliner et al [14] have brought up multi-dimensional methods. Mak et al [15], Cai and Lu [16] also discussed the case of China.…”

Section: Housing Affordability In the Case City: A Well Working Housimentioning

confidence: 99%

A Case Study of Affordable Housing in a Medium-Sized City in Central China

Wan¹,

Zongbo²

2015

JCEA

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Abstract:The main task of this paper is to explore the housing condition and housing policy in the vast but long-neglected middle-sized cities in China. Under the requirement of "Construction of 10 Million Units in 2011" from the central government, the affordable housing has started its nationwide building. Medium-sized cities are facing different developing periods but applying same housing policy as big cities. The paper examines the economic and social condition of the case city to find out the housing problems. It concludes that houses are affordable in these medium-sized cities, but housing policies are not implemented well. The paper proposed that housing affordability in medium-sized city is not about quantity but about quality. To keep houses affordable in these medium-sized cities, housing market, legislation, urban planning, public participation and intensive developments are all important.

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Housing Affordability: A Conceptual Overview for House Price Index

Cited by 54 publications

References 16 publications

Hungry for housing: waqf real estate development - a social welfare alternative

Hungry for housing: waqf real estate development - a social welfare alternative

Comparison of housing market sustainability in European countries based on multiple criteria assessment

A Case Study of Affordable Housing in a Medium-Sized City in Central China

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