An Empirical Exploration of Demand and Supply in Malaysia Housing Market

Authors

  • Shahedin Alom Department of Accounting and Finance, School of Business and Economics, Universiti Putra Malaysia

Keywords:

Housing market, volatility, price, supply and demand, buyers and sellers

Abstract

The article provides an overview of factors that affect the supply of housing and the level of demand on  the basis of market change in the Malaysia with transition economy. In the last decade, home prices in  Malaysia have fluctuated considerably. This market volatility creates a significant impact on the  Malaysian who want to buy or invest housing. Several scholars have argued that housing prices are  directly correlated to buyers' ability to own a home, so the government plays a pivotal role in ensuring  Malaysia's housing prices are equivalent to income rates. Therefore, this study is aimed at addressing  various factors that impact Malaysian housing prices. The dynamics of prices on land and various types  of completed buildings are also discussed. In this paper, it is seen how the housing market in Malaysia  has been long discussed and has given attention to a great extent since the First Malaysia Plan (1966- 1970). The finding presented in this paper may help to convince investor and house buyers that market  volatility is not necessarily something to fear. The housing market is, to a certain degree predictable and  hence house price movement may be detectable in advance.

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Published

2020-08-22

Issue

Vol. 1 No. 1 (2020): South Asian Journal of Social Sciences and Humanities (August) 2020

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Articles

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How to Cite

Alom, S. (2020). An Empirical Exploration of Demand and Supply in Malaysia Housing Market. South Asian Journal of Social Sciences and Humanities, 1(1), 123–135. Retrieved from https://acspublisher.com/journals/index.php/sajssh/article/view/1141