Demand And Supply Of Housing In Malaysia

Therefore by process of elimination the issue must be one of.

Demand and supply of housing in malaysia. In other words there is no lack of demand either. Kuala lumpur march 9 malaysian property developers face the conundrum of more expensive houses remaining unsold even as demand exceeds the supply of affordable housing. The management of housing supply in malaysia. About 24 709 units were completed in the first half of 2011 a lower number compared to 50 611 units completed in the first half of 2010.

Government of malaysia has introduced low cost housing schemes to tackle the squatter problems of citizens from lower income as they do not afford to have their own house. The government targets to provide 606 000 new affordable houses during the course of the 11th malaysia plan spanning from 2016 to 2020 introduce an integrated database to match supply and demand dynamics and establish a land bank for future affordable housing projects. The obvious conclusion is that malaysia does not need to build significantly more houses in the near to medium term affordable housing or otherwise to meet demand. Unsold houses are available in every state and major urban centers across the nation.

The state s housing stock consists of 193 367 existing residential units 18 475 incoming and 17 076 planned supply. Yet talk of people wanting to buy houses but not being able to do so abounds. Incorporating market mechanisms in housing planning process. This housing watch microsite aims to provide timely information on the key factors that influence the demand and supply of housing in malaysia for a more informed decision making and public discourse on this issue.

Affordable housing or otherwise the demand isn t there while the unsold supply languishes unwanted. Melaka has a population of 920 000 people. Yet we continue to hear read of people wanting to buy a house and not being able to do so. As at 1q19 the state has a total of 243 910 housing stock and 1 888 overhang units worth rm791 43 million.

The straits times reported that only a quarter of homes launched nationwide between 2016 to march 2018 cost under rm250 000 and for the first time in a decade the overall house price index fell on a quarterly basis last year. There is more than ample supply. The figure which only covers peninsular malaysia indicates that out of a total of 5 338 000 units of housing supply including existing and committed units in 2000 basically required only 3 941 000 units to fulfil the households housing need at that period. Which means demand does exist but the issue is affordability.

However yet the demand of low cost housing has been higher than the available.