Socio-economic differentials and stated housing preferences in Guangzhou, China

Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur

“…According to Bourassa (1996), the largest portion of households" liquid wealth is in the form of home equity, which is calculated as the home owner"s estimate of house values less any outstanding mortgage debt. Wang & Li (2006) argued that buying a house is a multi-elements exercise, involving tenure options, housing types, neighborhood, location etc. as housing preferences will thereafter be determined by a set of various attributes of the housing households will search for (Hurtubia et al, 2010).…”

“…Similarly, distance to retailers could be one of main considerations for house buyers as retailing is one of the most vital aspects in the life of the households (Tan, 2011a). In China, living convenience to daily goods shopping is an important consideration for homeownership preference (Wang & Li, 2006) Despite the benefits of proximity to retailers, it is documented that high concentration of retailers could discourage the preference of households on that particular location due to overcrowding and noise pollution (Hurtubia et al, 2010).…”

“…As pointed by Segerson (2001) and Iman et al (2009), water and noise pollution will negatively affect land and property prices. It is also documented that households are willing to pay more to live in a neighborhood with low crime rate and other security problems (Wang & Li, 2006). Tan (2011a) noted that a good housing developer should take safety aspect of the neighborhood into consideration in housing development project.…”

“…The Feng Shus is associated with Qi, which is believed to be the fundamental energy would promote health, peace and fortune (Xu, 1998). Most households will prefer houses that promote good Qi in Asian countries (Tse & Love, 2000;Wang & Li, 2006). For example, a good direction that the house faces, which affects the sunlight penetration and air ventilation is one of key considerations among households in Guangzhou, China when buying a house.…”

Effects of Poverty on Urban Residents’ Living and Housing Conditions in Nigeria

“…Neighbourhood and locational indicators, such as environmental qualities of housing attributes have been shown in many studies (Tan, 2012;Yusuf & Resosudarmo, 2009;Zabel & Kiel, 2000). According to Tan (2012), households prefer and have the willingness to pay more for a house that is located in a good neighbourhood with good environmental qualities and in neighbourhoods with low crime rates and other security problems (D. Wang & Li, 2006). Consideration has to be given in housing policy for neighbourhood that is safe to ensure that safety, security and wellbeing of households are guaranteed.…”