Advisory Center for Affordable Settlements & Housing

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Advisory Center for Affordable Settlements and Housing
ACASH

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Affordable Housing Solution: Malaysian Construction Industry

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Document TypeGeneral
Publish Date24/01/2018
Author
Published Byhttps://www.researchgate.net/publication/322676795
Edited ByTabassum Rahmani
Uncategorized

Affordable Housing Solution: Malaysian Construction Industry

Affordable housing has always been a global issue whereby the demand from the very low, low, and moderate-income households cannot be met especially by governments of developing countries. Affordable housing is also a major problem in Malaysia whereby it is constantly associated with the issues of cost, quality, and productivity. The main research focuses on the efforts of the Malaysian construction industry players in working around innovative Industrialized Building System (IBS) and Modern Method of Construction (MMC) to address successfully the core issues and challenges related to Malaysian affordable housing. Case studies are being carried out to investigate the new IBS, and MMC developed amongst the five selected organizations in the Malaysian construction industry. The significance of the study is to highlight to respective public and private stakeholders on how innovative construction methods such as IBS and MMC can successfully deliver and contribute to affordable housing solutions in Malaysia.

Affordable housing is defined as housing that is appropriate and affordable for the needs of very low to moderate-income households. Affordable housing needs to meet the basics of households whose incomes are not adequate to allow them to access appropriate housing in the property market without assistance. The definition of affordable housing in other countries might be different and vary (Gopalan & Venkataraman, 2015). Over the last decade, the housing market has experienced an escalation of house prices, mainly in major cities, and caused inaccessibility to houses. Therefore, the issue of affordable housing is taking center stage internationally due to the increase in housing prices globally.

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