Owning and renting: a public preferences in Klang / Nor Kamarina Abdul Wahab and Lizawati Abdullah

Abdul Wahab, Nor Kamarina (2023) Owning and renting: a public preferences in Klang / Nor Kamarina Abdul Wahab and Lizawati Abdullah. In: UNSPECIFIED.

Abstract

The desire to one day buys a home is one that practically everyone has. There are a number of issues that make renting and owning each have unique challenges. Rents have increased in most regions over the past several decades, making it harder for young people to save money. The bank's stringent mortgage standards should also be reviewed in order to accommodate first-time homebuyers, particularly young people. Additionally, putting up a sizeable down payment for a home might be a challenging task. The option of tailoring living environment is yet another important distinction between renting and buying. The study's target audience is the general population, and it was carried out in Klang, Selangor. 384 people in all took part in the study. This study's goal is to determine the public's preferences when deciding whether to buy or rent a home and to rank the top preferences. This study uses a quantitative methodology that entails utilising Google Forms to collect data through questionnaires. According to surveys, Klang residents choose owning their own home over renting. The results demonstrate that financial considerations are the most important when deciding whether to buy or rent a home. Prior to deciding whether to buy or rent a home, Klang residents would prioritise the financial aspects. This research suggests that before starting a housing project, developers find out which characteristics people would prioritise when deciding whether to buy or rent a home.

Metadata

Item Type: Conference or Workshop Item (Paper)
Creators:
Creators
Email / ID Num.
Abdul Wahab, Nor Kamarina
UNSPECIFIED
Contributors:
Contribution
Name
Email / ID Num.
Chief Editor
Mizal Azzmi, Norazura
UNSPECIFIED
Chief Editor
Ahzahar, Nadira
UNSPECIFIED
Editor
Ahmad Zawawi, Zuraihana
UNSPECIFIED
Editor
Jamaludin, Nazhatulzalkis
UNSPECIFIED
Editor
Hashim, Siti Zubaidah
UNSPECIFIED
Subjects: N Fine Arts > NA Architecture > Architecture in relation to special subjects > Human factors and architecture
Divisions: Universiti Teknologi MARA, Perak > Seri Iskandar Campus > Faculty of Architecture, Planning and Surveying
Journal or Publication Title: e-Proceeding 6th Undergraduate Seminar on Built Environment and Technology (USBET) 2023
Page Range: pp. 1626-1638
Keywords: Preferences, Ownership, Owning, Renting, House
Date: October 2023
URI: https://ir.uitm.edu.my/id/eprint/97663
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