Research Project - Low-Cost Housing Issues
Chapter 1: Introduction Today, humans all around the world is widely agreed that the concept of housing is very important to everyone’s quality of life and health with considerable significance in economic, social, cultural and personal sections of life. As residential is the basic needs of every human being whose home is a shelter to provide comfort and comfort to its inhabitants. The residence is also adopted as a human right. However, residential property market in Malaysia has experienced significant price expansion over the past fifteen years with prices, at several states, expanded in higher rates. As economic theory has explained, the price movement is inherent with the regional economics and the regional demographics such as income, cost of capital, stock prices, and population change. However, sudden price change could affect home ownership to some extent. Under any circumstances, the needs of housing as a basic necessity persist. This is the reason of the presence of ...