Housing financing facility and affordability level of bumiputera within Iskandar Malaysia

• Main Authors: Jaafar, Mohd. Nadzri, Bujang, Ahmad Ariffian, Abu Zarin, Hasmah, Anthony Jiram, Wilson Rangga, Ismail, Azizah
• Format: Article
• Published: 2015
• Subjects: HF Commerce
• Online Access: http://eprints.utm.my/id/eprint/60265/; http://www.dx.doi.org/10.7763/JOEBM.2015.V3.300
• Institution: Universiti Teknologi Malaysia

Housing financing is an essential element in the process of purchasing a house for individuals who want to meet their own house. This study was conducted to identify the purchaser affordability level of bumiputera against housing financing facility provided by financial institutions. Therefore, this paper presents the analysis of affordability level of bumiputera against housing financing facility provided by financial institutions. The findings show that a bumiputera with middle income can afford a house below RM250, 000 with monthly installments below RM1, 000.