Factors influencing home ownership among public servants in Penang

Housing is a basic human need as explained in the Maslow hierarchy needs. Having a house is a very important entity in ensuring a sense of security for each individual and a family. House is also a symbol of achievement and social acceptance of an individual in a society. Deciding to own a house is...

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Main Author:	Abdul, Zulhisyam
Format:	Thesis
Language:	English
Published:	2022
Subjects:	H Social Sciences (General)
Online Access:	http://eprints.utm.my/id/eprint/99763/1/ZulhisyamAbdulMFABU2022.pdf
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id	my-utm-ep.99763
record_format	uketd_dc
spelling	my-utm-ep.997632023-03-19T10:43:06Z Factors influencing home ownership among public servants in Penang 2022 Abdul, Zulhisyam H Social Sciences (General) Housing is a basic human need as explained in the Maslow hierarchy needs. Having a house is a very important entity in ensuring a sense of security for each individual and a family. House is also a symbol of achievement and social acceptance of an individual in a society. Deciding to own a house is a crucial decision since housing expenses involved a large amount of cost in individual monthly expenses. Nearly 60% or 960,000 public servants were unable to own a house based on CUEPECS in year 2019. Furthermore, the home ownership rate in Malaysia as reported by the Department of Statistics Malaysia (DOSM) in 2019 didn’t increase significantly compared to 2016. The increment of home ownership in Malaysia was only 0.6% from 2016 to 2019. Thus, the government and house developers need to identify the important factors that influence the house buying decision-making to increase the home ownership rate in Malaysia. This study identifies the important factors that influence home ownership among public servants in Penang. This study measures the internal factors and external factors influencing home ownership decisions. The internal factors measure the income, stage of life-cycle, employment and education subfactors. The external factors measure the financial and economic condition, house price, location, neighbourhood, house type and design and also government housing incentives. A mixed-method was applied in this study by interviewing real estate experts and also a survey to 392 respondents in the case study area. Using transcribe method and analysing the survey data with descriptive and inferential analyses to study the influencing factors. In this investigation, every internal and external factors influencing a person's decision to buy a home was examined on the group of people with all income levels. The results of the study showed that respondents from public servants in Penang really depending on the government housing incentives to own a house which is parallel with the demographic background of our respondents which are majorities are from lower income. The real estate expert and respondents agreed all of the factors were influencing house buying decisions except for education. It is important to identify and evaluate which incentives that is the most significant and strengthen the incentives to increase the home ownership rate among public servants in Malaysia. 2022 Thesis http://eprints.utm.my/id/eprint/99763/ http://eprints.utm.my/id/eprint/99763/1/ZulhisyamAbdulMFABU2022.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:150020 masters Universiti Teknologi Malaysia, Faculty of Built Environment & Surveying Faculty of Built Environment & Surveying
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Abdul, Zulhisyam Factors influencing home ownership among public servants in Penang
description	Housing is a basic human need as explained in the Maslow hierarchy needs. Having a house is a very important entity in ensuring a sense of security for each individual and a family. House is also a symbol of achievement and social acceptance of an individual in a society. Deciding to own a house is a crucial decision since housing expenses involved a large amount of cost in individual monthly expenses. Nearly 60% or 960,000 public servants were unable to own a house based on CUEPECS in year 2019. Furthermore, the home ownership rate in Malaysia as reported by the Department of Statistics Malaysia (DOSM) in 2019 didn’t increase significantly compared to 2016. The increment of home ownership in Malaysia was only 0.6% from 2016 to 2019. Thus, the government and house developers need to identify the important factors that influence the house buying decision-making to increase the home ownership rate in Malaysia. This study identifies the important factors that influence home ownership among public servants in Penang. This study measures the internal factors and external factors influencing home ownership decisions. The internal factors measure the income, stage of life-cycle, employment and education subfactors. The external factors measure the financial and economic condition, house price, location, neighbourhood, house type and design and also government housing incentives. A mixed-method was applied in this study by interviewing real estate experts and also a survey to 392 respondents in the case study area. Using transcribe method and analysing the survey data with descriptive and inferential analyses to study the influencing factors. In this investigation, every internal and external factors influencing a person's decision to buy a home was examined on the group of people with all income levels. The results of the study showed that respondents from public servants in Penang really depending on the government housing incentives to own a house which is parallel with the demographic background of our respondents which are majorities are from lower income. The real estate expert and respondents agreed all of the factors were influencing house buying decisions except for education. It is important to identify and evaluate which incentives that is the most significant and strengthen the incentives to increase the home ownership rate among public servants in Malaysia.
format	Thesis
qualification_level	Master's degree
author	Abdul, Zulhisyam
author_facet	Abdul, Zulhisyam
author_sort	Abdul, Zulhisyam
title	Factors influencing home ownership among public servants in Penang
title_short	Factors influencing home ownership among public servants in Penang
title_full	Factors influencing home ownership among public servants in Penang
title_fullStr	Factors influencing home ownership among public servants in Penang
title_full_unstemmed	Factors influencing home ownership among public servants in Penang
title_sort	factors influencing home ownership among public servants in penang
granting_institution	Universiti Teknologi Malaysia, Faculty of Built Environment & Surveying
granting_department	Faculty of Built Environment & Surveying
publishDate	2022
url	http://eprints.utm.my/id/eprint/99763/1/ZulhisyamAbdulMFABU2022.pdf
_version_	1776100645918474240

Factors influencing home ownership among public servants in Penang

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