• market attributes like house value and economic conditions are pivotal for housing affordability
  • despite the lower ranking, government housing policies are crucial in homeownership
  • factor analysis underscores the significant influence of government initiatives on housing affordability
  • respondents strongly favor adopting reverse mortgages and incorporating future value for heightened affordability
This study fills a significant research gap in Malaysian government-led homeownership and affordability. Centered on crucial market attributes influencing these initiatives, insights from low-income groups were obtained. The primary aim of this study was to assess the importance of various market attributes on government homeownership initiatives in Malaysia. The data were collected from low-income groups using a structured questionnaire, providing valuable insights into the unique challenges faced by this demographic. A Relative Importance Index (RII) was employed to analyze the data, revealing that Financial Market Factors, Household Financial Capacity, Housing Affordability and Accessibility, and Government Housing Policies were the market attributes of the highest importance in shaping government homeownership efforts. The results of the exploratory factor analysis demonstrated that the Financial Market Factor was the most influential component, as indicated by its mean rank. This study sought to incorporate the valuable perspectives of respondents regarding integrating future value into financing models. Respondents' opinions reflected a significant level of support for such innovative approaches. This study examines the crucial market attributes influencing government homeownership initiatives in Malaysia. The findings underline the potential of incorporating future value into financing models to enhance housing affordability for low-income groups and promote broader homeownership objectives.
The research received financial backing from the Ministry of Higher Education Malaysia under the Fundamental Research Grant Scheme (FP129-2020), demonstrating full sponsorship, with the Ministry contributing 100% of the required funding.
Journals System - logo
Scroll to top