Determinants of housing stress: a study in Kuala Lumpur
Kuala Lumpur has generally ranked 96th in the world's most expensive city according to the Worldwide Cost of Living Survey 2017. The issue of rising cost of living in Malaysia is a recurring issue that has hit the country for a long time. This problem is compounded by the sudden increase in ho...
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| Format: | Thesis |
| Language: | eng eng eng |
| Published: |
2019
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| Subjects: | |
| Online Access: | https://etd.uum.edu.my/8459/1/s820754_01.pdf https://etd.uum.edu.my/8459/2/s820754_02.pdf https://etd.uum.edu.my/8459/3/s820754%20references.docx |
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| Summary: | Kuala Lumpur has generally ranked 96th in the world's most expensive city according to the Worldwide Cost of Living Survey 2017. The issue of rising cost of living in Malaysia
is a recurring issue that has hit the country for a long time. This problem is compounded by the sudden increase in house prices in the last 10 years. Housing stress describes a
situation where the cost of housing is high relative to household income. A household who wants to own a house need to spend more than 30% of his monthly income for housing cost, which might affect the living expenditure. Hence, this study is carried out is to explore the determinants the housing stress among employees in Kuala Lumpur. Data and information are collected using a questionnaire. The data and information then have been analyzed by using descriptive statistic, multiple linear regression and Pearson correlation using SPSS software. The result shows that 20.9% of respondents in Kuala Lumpur are
facing housing stress. This analysis also found that the significant determinants contributing to housing stress are household income, monthly payment of housing
loan/financing and types of house loan/financing. Hence, the government may need to restructuring of income and wages system in big cities like Kuala Lumpur to help people in Malaysia to overcome the housing stress. Besides that. Bank Negara Malaysia should improve and streamlining the Shariah framework and system legislation to keep pace with
developments and monitor, the regulation in implementing and practicing the Shariah instruments applicable to Islamic products may help in reducing the housing stress. |
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