Home buyers’ perception on abandoned housing projects in Malaysia

Abdul Razak, Dzuljastri and Abu Samah, Zariah and Abdul Wahab, Abdul Hamid (2016) Home buyers’ perception on abandoned housing projects in Malaysia. In: Kuala Lumpur International Business, Economics and Law Conference (KLIBEL 9), 16th-17th April 2016, Hotel Putra, Jalan Tun Razak, Kuala Lumpur, Malaysia.

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Abstract

Abandoned housing project has become a major issue in the housing industry in Malaysia. Despite several efforts by the government to curb the problem, it still exists in the country. The current study offer new insights on the perceptions of home buyers concerning abandoned housing projects in Malaysia. Two Islamic home financing products that is Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah Partnership (MMP) are considered. The objective is to determine based on the opinion of the respondents, which one is more preferred. In addition, what are some of the potential causes of abandoned housing projects in Malaysia. The perception of home buyers are evaluated based on five variables namely , financing concepts used, justice and fairness, pricing methods, legal and governance, and shari’ah compliance issues. The findings show that, using MMP concept in Islamic home financing is preferred as compared to BBA. Furthermore, insufficient laws and regulations and the use of BBA financing are viewed to be some of the contributing factors that causes abandoned housing projects in Malaysia Keywords: Bai Bithaman Ajil, Musharakah Mutanaqisah Partnership, Justice Abandoned housing projects, Malaysia

Item Type:	Conference or Workshop Item (Invited Papers)
Additional Information:	4433/50352 (ISBN: 978-967-13952-2-6)
Uncontrolled Keywords:	Bai Bithaman Ajil, Musharakah Mutanaqisah Partnership, Justice Abandoned housing projects, Malaysia
Subjects:	H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr Dzuljastri Abdul Razak
Date Deposited:	14 Jun 2016 10:49
Last Modified:	16 Jan 2017 11:41
URI:	http://irep.iium.edu.my/id/eprint/50352

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