Investigating Housing Affordability Pursuant to Sustainable Development Mechanisms and the New Malaysian Housing Policy

Abstract

Purpose – This paper will assess housing affordability and the Malaysian vision 2020 mission of attaining a fully developed nation status vide sustainable development mechanisms in the new Malaysian housing policy plan.Methodology/Design/Approach – This is a policy analysis paper which sieve ideas from housing policy and sustainable developments. It equally draws criteria which shall be used as an interim assessment of the policy proposals and programmes.Findings - The plan contains new policy directions, strategies and programmes that shall enable the country to emerge as a high-income nation. The development programmes were tuned to the six National Key Results Areas, outlined in the Government Transformation Programme, the National Key Economic programme Areas of the Economic Transformation Programme and the strategic economic reforms in the New Economic Model. The Plan details strategies towards a more focused role for the Government as a regulator and a catalyst while upholding the principles of 1 Malaysia: People First, Performance Now to ensure effective delivery of service.Originality/Value – This paper suggest a substantial and assessment of Malaysian new housing policy strategies and programmes. The subject matter relates to the national housing policies, systems and strategies set to ameliorate the impact of house deficit and forge the need for more affordable housing stock.

Keywords Malaysia, Housing policy, Housing affordability, Sustainability indicators and mechanisms