The Influence of Expenditure Behaviour Towards Homeownership

Majid, Rohayu Ab; Said, Rosli; Rahim, Normaliza Abd; Basrah, Noraliza; Sahray, Kholim; Mustafar, Suriyana; Mahamood, Nur Medeena

doi:10.24191/ji.v16i1.341

Cited by 2 publications

(3 citation statements)

References 24 publications

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“…The more the individual associates the sense of freedom and "peace of mind" with homeownership, the more (s)he prefers to own a house. Other socio-psychological factors that have been found to influence housing tenure choice include beliefs and expectations (Drew, 2014), spending and saving behaviour (Ab Majid, et al, 2014), parental influences (Lux, et al, 2018), and local norms and social capital (Aguda, 2018).…”

Section: Tocmentioning

confidence: 99%

Towards a Better-Functioning Private Rented Sector in Metropolitan China

2023

Architecture and the Built Environment

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In recent years, the Private Rented Sector (PRS) has witnessed rapid growth across numerous jurisdictions, with Chinese metropolises notably standing out. Throughout the history of housing policy development in China, the PRS has been largely disregarded. It was not until 2015 that the government proposed the idea of “accelerating the development of the rental housing market” to achieve a “balanced development between home renting and purchasing”. However, the PRS in China is still in its immature stage, as evidenced by unstable rents and tenure, insufficient tenant rights, low levels of tenant satisfaction, minimal institutional landlord participation, and a lack of motivation among local governments to develop the PRS. This dissertation aims to gain an indepth understanding of the PRS in metropolitan China and explore how to improve its functioning using Shenzhen as a case study. Both qualitative and quantitative data were collected to examine the determinants of tenants’ intention to rent and residential satisfaction, the relationship between residential environment, social exclusion, and life satisfaction, the impact of landlords' management practices on tenants' housing experiences, and main challenges and solutions for a well-developed PRS. The results suggest that the PRS in Shenzhen is highly heterogeneous and comprised of several distinct sub-sectors. Housing policies should be tailored to each subsector's unique characteristics. The dissertation also reveals that the PRS is interconnected with other institutions such as the hukou system and education system. Therefore, a well-functioning PRS depends on the simultaneous reform of other sectors and institutions.

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Section: Tocmentioning

confidence: 99%

Towards a Better-Functioning Private Rented Sector in Metropolitan China

2023

Architecture and the Built Environment

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“…Other factors that influence housing demand may arise from the buyer themselves, such as their affordability level for affordable housing, which needs to be emphasized in housing demand research. Additionally, their housing preferences and taste should align with their actual affordable level after considering their non-housing expenses (Majid et al, 2021).…”

Section: Other Accountable Factorsmentioning

confidence: 99%

“…Different income levels among potential buyers may result in varying levels of affordability (Zainon et al, 2017;Majid et al, 2021). The current income level of a buyer determines the amount of housing financing they can afford.…”

Section: Other Accountable Factorsmentioning

confidence: 99%

Modelling Housing Demand Factors for Affordable Units in Malaysia

Ab Majid,

Said,

Ab Rahim

et al. 2023

IJSCET

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The Malaysian government is prioritizing the development of affordable housing units to cater to the needs of the underprivileged. However, it is not sufficient to merely meet the required number of units; it is crucial for developers to understand the actual demand for affordable housing in urban areas. This is because even middle-class homebuyershave their own preferences when it comes to purchasing a home at an affordable price. Therefore, this study aims to investigate the current demand attributes that contribute to the affordable housing demand model in urban areas, using Wangsa Maju, Kuala Lumpur, Malaysia asa case study. Data was collected from 400 potential buyers of affordable housing units, and 25 significant attributes of housing demand were examined. Partial Least Square Equation Modelling (PLS-SEM) was used to develop the housing demand model. The findings revealed that a total of five factors with nine attributes in housing demand significantly contribute to the affordable housing demand model in urban areas, as determined by the coefficient’sdetermination, path coefficient, effect size, and predictive relevance towards endogenous variables of housing demand.Overall, the result has confirmed that government intervention has play major role in supporting affordable housing development and at the same time has encourage the potential buyer form the right group to have their own house at affordable price.

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The Influence of Expenditure Behaviour Towards Homeownership

Cited by 2 publications

References 24 publications

Towards a Better-Functioning Private Rented Sector in Metropolitan China

Towards a Better-Functioning Private Rented Sector in Metropolitan China

Modelling Housing Demand Factors for Affordable Units in Malaysia

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