How much does an affordable house cost to be paid by young professionals in greater KL, Malaysia? Journal of the Malaysian Institute of Planners, 20. pp. 74-84. ISSN 1675-6215 (2022)
Abstract
Affordability of housing has been a hot topic among various socioeconomic groups. Surprisingly, given the current situation, the majority of the young generation is negatively affected by this stressful issue.This study, therefore, focuses on young professional groupsfrom the built environmentprofession,namely, theengineer, architect, urban planner, and quantity surveyor. These professional groups also earn an income between B40, M40 and T20.Two research objectives were composed in this study: (1) To measure the monthly affordable housing cost and (2) To define affordable housing types by different household income groups amongst young professional based on the residual income model(RIM), which isused to measure housing affordability. Thesurveys were distributed amongst 341 respondents selected through stratified random sampling. The findingshave revealed that B40 can only bear a monthly housing’costs not exceeding MYR 728, followed by M40and T20 aroundMYR 2503 and MYR 6159,respectively. Hence, the B40 group had lesserhouse optiontypes, i.e., around ten house typescompared to M40 and T20
| Item Type: | Article |
|---|---|
| Keywords: | Housing affordability, Cost of Living, Young professional, Residual income model, Cost of Living |
| Taxonomy: | By Subject > Architecture, Planning & Surveying > Estate Management |
| Local Content Hub: | Subjects > Architecture, Planning & Surveying |
| Depositing User: | Nurhayati Johari |
| Date Deposited: | 20 Oct 2022 11:39 |
| Last Modified: | 20 Oct 2022 11:39 |
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