Government Intervention in Malaysian Housing Market
Normi Abdul Asis1, Wilson Rangga Anthony Jiram2, Ahmad Ariffian Bujang3
1Normi Abdul Asis, Department of Real Estate, Universiti Teknologi Malaysia, Johor Bahru, Malaysia.
2Wilson Rangga Anthony Jiram, Department of Real Estate, Universiti Teknologi Malaysia, Johor Bahru, Malaysia.
3Ahmad Ariffian Bujang, Department of Real Estate, Universiti Teknologi Malaysia, Johor Bahru, Malaysia.
Manuscript received on 27 November 2019 | Revised Manuscript received on 04 December 2019 | Manuscript Published on 10 December 2019 | PP: 896-899 | Volume-8 Issue-3S2 October 2019 | Retrieval Number: C12271083S219/2019©BEIESP | DOI: 10.35940/ijrte.C1227.1083S219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Housing is a basic need for society to improve their quality of life and as important assets for the country’s economic. Malaysian Housing Policy has focused and concentrated to provide adequate housing supply for the targeted group, especially for the bottom 40% income earner. The urbanisation process creates the socio-economic changes has led to the increases in demand for housing. The previous study stated that there was a discrepancy between demand and supply in housing market resulted from rising trend in house price compared to the household income, thus leading to market imperfection. Thus, this paper attempted to explore the government intervention in the housing market. In a nutshell, government intervention is necessary to correct the market imperfection through policies and project implementations. There is a need to improve market efficiency and review the delivery of both supply and demand in the housing market.
Keywords: Government Intervention, Housing Market, Market Efficiency.
Scope of the Article: Marketing and Social Sciences