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The Pursuit of Sustainability of Homeownership Schemes for First-Time Buyers

Tan Teck Hong

Open House International

ISSN: 0168-2601

Article publication date: 1 March 2015

137

Abstract

A large portion of first-time homebuyers lack adequate means to meet their needs of housing owing to home price inflation in Malaysian cities. One way to address the housing needs of urban household is to provide affordable quality homes. Drawing upon a case study of Greater Kuala Lumpur, Malaysia, this study attempts to discuss the cloud of issues related to different homeownership schemes available for first-time homebuyers. Results suggest that affordable housing should be made available at the price and locations that can be accepted by first-time homeowners. In line with the principle of sustainability, homeownership schemes for first-time homebuyers should be economically viable, socially acceptable and technically feasible.

Keywords

Citation

Hong, T.T. (2015), "The Pursuit of Sustainability of Homeownership Schemes for First-Time Buyers", Open House International, Vol. 40 No. 1, pp. 81-88. https://doi.org/10.1108/OHI-01-2015-B0012

Publisher

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Open House International

Copyright © 2015 Open House International

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