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A Study on Sharing Home Ownership Schemes in Malaysia |
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| รหัสดีโอไอ | |
| Creator | Abdunnaser Ali Moh Abujrad |
| Title | A Study on Sharing Home Ownership Schemes in Malaysia |
| Contributor | Ahmad Sanusi Hassan |
| Publisher | TUENGR Group |
| Publication Year | 2560 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 8 |
| Journal No. | 3 |
| Page no. | 183-195 |
| Keyword | Affordable Housing, Modern city, Penang . |
| URL Website | http://tuengr.com |
| Website title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| ISSN | 2228-9860 |
| Abstract | The role of a house is more than a shelter, but a place for us to grow and affect us physically and psychologically. In today's world, housing prices are rising faster than wages in many parts of the world. In Malaysia, house prices particularly in urban areas such as Penang and Kuala Lumpur had risen rapidly over the past few years. This situation has caused many people especially the medium and low-income groups unable to afford a house of their own. Through the Malaysia Five-Year Plan, various programs are created and have been undertaken by both government bodies and private agencies in order to help to increase home ownership amongst its citizens. So far, the government of Malaysia has done a job well done in combining the effort of the public and private sectors to build affordability houses for its citizens. In order to enhance the current available housing policies, the government of Malaysia should turn towards other developing countries and learn from their housing program. One particular method that has been explored and adopted by many countries and has been proven to be quite successful is the sharing home ownership. In 2014, Penang became the first state in Malaysia to introduce such scheme. This paper therefore discusses the possibility of implementing sharing home ownership schemes in a higher level throughout Malaysia. |
