Ways in Which the Government Can Help to Control House Prices
SCHOOL OF GRADUATE STUDIES
SESSION/SEMESTER: 2011/2012
SUBJECT:
CASE STUDY
PROGRAMME CODE:
MBG1433 PESISIR
LECTURER:
EN NORAZAM OTHMAN
STUDENT NAME: RAIHA AZENE RAMLI
MATRIC NO.: MB111105
CASE STUDY NO.3: LITERATURE REVIEW
Based on the two articles (source: The Star, 10 October 2010, Focus page F24 & F26), Case study 3 requires the reviewer to suggest ways to which the Government can help to control house prices although there are various factors that contributed to the rise of affordable housing. Argue your case critically and creatively. The source and nature of your literature will be very helpful in presenting your case including the depth of your review of the literature.
Literature Review Housing affordability is one of the key factors that can describe the socioeconomic stability and development of a country. Housing affordability is aimed to ensure the housing provided is affordable by every income earner group whether low-income, middle income and high income group. With economic activity chugging away and jobs still are being created, more so when economic programmes by the Government start to see more investment and employment being created throughout the country, demand for housing in the hot markets will be on the rise. Unfortunately, most of the homes being launched are beyond the reach of many Malaysians, especially those who are early in their careers, and the gap is set to widen as a larger percentage of Malaysians enter the age of employment year after year. Given the desire for developers to obtain as much profit from their landbank, the vast majority of Malaysians will be priced out and just cannot afford to shell out that kind of money to buy a house, regardless of how big or how good the developer is, and at the same time keep up with the escalating cost of living. It therefore comes to no one's surprise that the Government is now looking to step in and fulfil that demand gap by coming up with two affordable housing
SESSION/SEMESTER: 2011/2012
SUBJECT:
CASE STUDY
PROGRAMME CODE:
MBG1433 PESISIR
LECTURER:
EN NORAZAM OTHMAN
STUDENT NAME: RAIHA AZENE RAMLI
MATRIC NO.: MB111105
CASE STUDY NO.3: LITERATURE REVIEW
Based on the two articles (source: The Star, 10 October 2010, Focus page F24 & F26), Case study 3 requires the reviewer to suggest ways to which the Government can help to control house prices although there are various factors that contributed to the rise of affordable housing. Argue your case critically and creatively. The source and nature of your literature will be very helpful in presenting your case including the depth of your review of the literature.
Literature Review Housing affordability is one of the key factors that can describe the socioeconomic stability and development of a country. Housing affordability is aimed to ensure the housing provided is affordable by every income earner group whether low-income, middle income and high income group. With economic activity chugging away and jobs still are being created, more so when economic programmes by the Government start to see more investment and employment being created throughout the country, demand for housing in the hot markets will be on the rise. Unfortunately, most of the homes being launched are beyond the reach of many Malaysians, especially those who are early in their careers, and the gap is set to widen as a larger percentage of Malaysians enter the age of employment year after year. Given the desire for developers to obtain as much profit from their landbank, the vast majority of Malaysians will be priced out and just cannot afford to shell out that kind of money to buy a house, regardless of how big or how good the developer is, and at the same time keep up with the escalating cost of living. It therefore comes to no one's surprise that the Government is now looking to step in and fulfil that demand gap by coming up with two affordable housing