Hasmah Abu Zarin

Factor affecting the housing financing of bumiputera in Iskandar Malaysia

Housing financing is one of the important mechanisms that should be considered by all groups to meet housing needs. Housing financing problems do not only face by the low-income groups, but also medium income. There are various government initiatives implemented to help the population, especially for the bumiputera to own a house. However, due to low purchasing power and difficulties in obtaining financing facilities affected the bumiputera afford to own a house according to their eligibility. Thus, this paper presents the overview of the problems and factors that influenced a bumiputera buyer to obtain financing facilities. Data and information are collected through questionnaires and the data gathered then be analyzed by using descriptive analysis, Cross Tabulation and Correlation Analysis by using SPSS software.The main factors influencing bumiputera problems to secure housing financing facilities are house prices too high; banking restrictions; high expenditure patterns and housing policies.

Housing Financing Facility and Affordability Level of Bumiputera within Iskandar 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.