IDEAS home Printed from https://ideas.repec.org/p/lre/wpaper/lares_2015_1075-1388-1-rv.html
   My bibliography  Save this paper

The measurement of sustainable housing affordability using a multiple criteria decision-making (MCDM) framework: Case Study of Malaysia

Author

Listed:
  • Rosli Said
  • Rohayu Majid
  • Amir Saufi Norzin

Abstract

Rapid urbanisation and economic development in Malaysia since the late 1980s has resulted in a significant expansion of housing development in urban areas. The Malaysian housing sector has thrived owing to growing market and active supply-demand dynamics. However, the increase in housing price has aroused greater public concern about the future direction of the housing sector in this country. Cheap and low-quality houses have often been associated with affordable housing. Nevertheless, this may not be true if sustainability is taken into account. In dealing with sustainable housing affordability, the factors or criteria are necessary to be weighed-in in determining the best alternative or options available in any particular area. This research has been conducted in five urban areas in Klang Valley, Malaysia using COPRAS method (one of the MCDM methods). The method could be realized by giving weigh to individual factors. The findings indicate that area with high utility degree is the best area that conforms to the sustainable housing affordability factors. Likewise, an area with lower ranking in utility degree can be described as a worst-performing area in terms of conforming to sustainable housing affordability factors. The originality of this research has contributed to a new picture in sustainable housing affordability in the country because it is the first paper in Malaysia to address such issues using COPRAS framework.

Suggested Citation

  • Rosli Said & Rohayu Majid & Amir Saufi Norzin, 2015. "The measurement of sustainable housing affordability using a multiple criteria decision-making (MCDM) framework: Case Study of Malaysia," LARES lares_2015_1075-1388-1-rv, Latin American Real Estate Society (LARES).
    • Handle: RePEc:lre:wpaper:lares_2015_1075-1388-1-rv
    as

    Download full text from publisher

    File URL: https://lares.architexturez.net/doc/lares-2015-1075-1388-1-rv
    Download Restriction: no
    File URL: https://lares.architexturez.net/system/files/LARES_2015_1075-1388-1-RV.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Amy S. Bogdon & Ayse Can, 1997. "Indicators of Local Housing Affordability: Comparative and Spatial Approaches," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 25(1), pages 43-80, March.
    2. Nandinee Kutty, 2005. "A new measure of housing affordability: Estimates and analytical results," Housing Policy Debate, Taylor & Francis Journals, vol. 16(1), pages 113-142.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zan Yang & Songtao Wang, 2011. "The impact of privatization of public housing on housing affordability in Beijing: An assessment using household survey data," Local Economy, London South Bank University, vol. 26(5), pages 384-400, August.
    2. Mulliner, Emma & Smallbone, Kieran & Maliene, Vida, 2013. "An assessment of sustainable housing affordability using a multiple criteria decision making method," Omega, Elsevier, vol. 41(2), pages 270-279.
    3. Andrea Kunnert, 2016. "Leistbarkeit von Wohnen in Österreich. Operationalisierung und demographische Komponenten," WIFO Studies, WIFO, number 58932, February.
    4. Liming Yao & Michael White & Alla Koblyakova, 2015. "House price appreciation and housing affordability: a study of younger households tenure choice in China," ERES eres2015_44, European Real Estate Society (ERES).
    5. Tilak Abeysinghe & Jiaying Gu, 2011. "Lifetime Income and Housing Affordability in Singapore," Urban Studies, Urban Studies Journal Limited, vol. 48(9), pages 1875-1891, July.
    6. Ben-Shahar, Danny & Gabriel, Stuart & Golan, Roni, 2019. "Housing affordability and inequality:A consumption-adjusted approach," Journal of Housing Economics, Elsevier, vol. 45(C), pages 1-1.
    7. Peter Neuteboom & Dirk Brounen, 2011. "Assessing the Accessibility of the Homeownership Market," Urban Studies, Urban Studies Journal Limited, vol. 48(11), pages 2231-2248, August.
    8. Emma Mulliner & Vida Maliene, 2014. "An Analysis of Professional Perceptions of Criteria Contributing to Sustainable Housing Affordability," Sustainability, MDPI, vol. 7(1), pages 1-23, December.
    9. Saberi, Meead & Wu, Hongzhi & Amoh-Gyimah, Richard & Smith, Jonathan & Arunachalam, Dharmalingam, 2017. "Measuring housing and transportation affordability: A case study of Melbourne, Australia," Journal of Transport Geography, Elsevier, vol. 65(C), pages 134-146.
    10. Stoenchev Nikolay & Hrischeva Yana, 2023. "Study of the Impact of Housing Affordability on the Fertility Rate in Bulgaria (2014–2021): A Regional Aspect," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 11(1), pages 101-119, January.
    11. Alberto Montagnoli & Jun Nagaysu, 2013. "An investigation of housing affordability in the UK regions," Working Papers 1316, University of Strathclyde Business School, Department of Economics.
    12. Tingzhu Li & Ran Liu & Wei Qi, 2019. "Regional Heterogeneity of Migrant Rent Affordability Stress in Urban China: A Comparison between Skilled and Unskilled Migrants at Prefecture Level and Above," Sustainability, MDPI, vol. 11(21), pages 1-26, October.
    13. Samson Akinbamide Omobayo Adegoke & Tunde Agbola, 2020. "Housing Tenure Choice and Housing Affordability in Nigeria: A Comparative Analysis of Owners and Renters of Organized Private Sector Housing," International Journal of Social Science Studies, Redfame publishing, vol. 8(4), pages 142-149, July.
    14. Shen, Ling, 2012. "Are house prices too high in China?," China Economic Review, Elsevier, vol. 23(4), pages 1206-1210.
    15. Mengqiu Cao & Robin Hickman, 2018. "Car dependence and housing affordability: An emerging social deprivation issue in London?," Urban Studies, Urban Studies Journal Limited, vol. 55(10), pages 2088-2105, August.
    16. Stephen Malpezzi, 2023. "Housing affordability and responses during times of stress: A preliminary look during the COVID‐19 pandemic," Contemporary Economic Policy, Western Economic Association International, vol. 41(1), pages 9-40, January.
    17. Gawel, Erik & Sigel, Katja & Bretschneider, Wolfgang, 2011. "Affordability of water supply in Mongolia: Empirical lessons for measuring affordability," UFZ Discussion Papers 9/2011, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    18. Florian PHILIPP, 2015. "Are Housing Markets Decoupled? A Case Study of Residential Real Estate Affordability in Austria," Expert Journal of Business and Management, Sprint Investify, vol. 3(2), pages 129-139.
    19. Dong, Hongwei, 2017. "Rail-transit-induced gentrification and the affordability paradox of TOD," Journal of Transport Geography, Elsevier, vol. 63(C), pages 1-10.
    20. David J. Schwegman & John Yinger, 2020. "The Shifting of the Property Tax on Urban Renters: Evidence from New York State’s Homestead Tax Option," Working Papers 20-43, Center for Economic Studies, U.S. Census Bureau.

    More about this item

    Keywords

    affordability; COPRAS; housing; MCDM; sustainability;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lre:wpaper:lares_2015_1075-1388-1-rv. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/laresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.