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The measurement of sustainable housing affordability using a multiple criteria decision-making (MCDM) framework: Case Study of Malaysia

Author

Listed:
  • Rosli Said
  • Rohayu Majid
  • Amir Saufi Norzin

Abstract

Rapid urbanisation and economic development in Malaysia since the late 1980s has resulted in a significant expansion of housing development in urban areas. The Malaysian housing sector has thrived owing to growing market and active supply-demand dynamics. However, the increase in housing price has aroused greater public concern about the future direction of the housing sector in this country. Cheap and low-quality houses have often been associated with affordable housing. Nevertheless, this may not be true if sustainability is taken into account. In dealing with sustainable housing affordability, the factors or criteria are necessary to be weighed-in in determining the best alternative or options available in any particular area. This research has been conducted in five urban areas in Klang Valley, Malaysia using COPRAS method (one of the MCDM methods). The method could be realized by giving weigh to individual factors. The findings indicate that area with high utility degree is the best area that conforms to the sustainable housing affordability factors. Likewise, an area with lower ranking in utility degree can be described as a worst-performing area in terms of conforming to sustainable housing affordability factors. The originality of this research has contributed to a new picture in sustainable housing affordability in the country because it is the first paper in Malaysia to address such issues using COPRAS framework.

Suggested Citation

  • Rosli Said & Rohayu Majid & Amir Saufi Norzin, 2015. "The measurement of sustainable housing affordability using a multiple criteria decision-making (MCDM) framework: Case Study of Malaysia," LARES lares_2015_1075-1388-1-rv, Latin American Real Estate Society (LARES).
    • Handle: RePEc:lre:wpaper:lares_2015_1075-1388-1-rv
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    References listed on IDEAS

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    1. Amy S. Bogdon & Ayse Can, 1997. "Indicators of Local Housing Affordability: Comparative and Spatial Approaches," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 25(1), pages 43-80, March.
    2. Nandinee Kutty, 2005. "A new measure of housing affordability: Estimates and analytical results," Housing Policy Debate, Taylor & Francis Journals, vol. 16(1), pages 113-142.
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    More about this item

    Keywords

    affordability; COPRAS; housing; MCDM; sustainability;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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