Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur

Tan, T.-H. (2012) Meeting first-time buyers’ housing needs and preferences in greater Kuala Lumpur. Cities, 29. pp. 389-396. ISSN 0264-2751

Abstract/Summary

High housing prices in Greater Kuala Lumpur have made it difficult for potential first-time homebuyers to own a house. As a result, affordable housing schemes were introduced recently to assist potential homeowners. The Malaysian government has launched many kinds of public low-cost housing schemes; however, manyhousing projects resulting fromthese schemes have turnedinto slumsthatdonot provide awholesome environment for families. To avoid building more slums and to provide more benefits for young buyers, the goal of this paper is to determine the correct housing attributes required for first-time homebuyers in the urban area. Three hundred questionnaires were distributed to young Malaysians in Greater Kuala Lumpur (KL), and 265 questionnaires were returned. The responses to the questionnaire revealed that accessibility and neighborhood environment play a role in the decision to own. It can also be observed that ecologically friendly homes that embrace sustainability are important considerations for prospective homebuyers.