Author/Authors :
Abdul Manaf, Azima Universiti Kebangsaan Malaysia - Fakulti Sains Sosial dan Kemanusiaan, Pusat Pengajian Sosial, Pembangunan Persekitaran, Malaysia , Talibin, Nor Aziah Universiti Kebangsaan Malaysia - Fakulti Sains Sosial dan Kemanusiaan, Pusat Pengajian Sosial, Pembangunan Persekitaran, Malaysia , Hussain, Mohd Yusof Universiti Kebangsaan Malaysia - Fakulti Sains Sosial dan Kemanusiaan, Pusat Pengajian Sosial, Pembangunan Persekitaran, Malaysia , Selvadurai, Sivapalan Universiti Kebangsaan Malaysia - Fakulti Sains Sosial dan Kemanusiaan, Pusat Pengajian Sosial, Pembangunan Persekitaran, Malaysia , Lyndon, Novel Universiti Kebangsaan Malaysia - Fakulti Sains Sosial dan Kemanusiaan, Pusat Pengajian Sosial, Pembangunan Persekitaran, Malaysia , Saad, Suhana Universiti Kebangsaan Malaysia - Fakulti Sains Sosial dan Kemanusiaan, Pusat Pengajian Sosial, Pembangunan Persekitaran, Malaysia , Ramli, Zaimah Universiti Kebangsaan Malaysia - Fakulti Sains Sosial dan Kemanusiaan, Pusat Pengajian Sosial, Pembangunan Persekitaran, Malaysia , Sum, Sarmila Md. Universiti Kebangsaan Malaysia - Fakulti Sains Sosial dan Kemanusiaan, Pusat Pengajian Sosial, Pembangunan Persekitaran, Malaysia
Abstract :
Unsold residential units become a critical issue that should be addressed immediately, to ensure the high demand for housing by the urban population are fulfilled. The question is, why the issue of unsold residential properties occurred, while at the same time there are many complaints about shortage of housing supply in urban area. This article attempts to answer these questions by identifying the causes and factors that lead to property units cannot be sold, leading to the phenomenon of abandoned housing projects. Data collection methods adopted in this study involved in-depth interviews with agencies and parties involved in the housing sector, such as developers and buyers. Economic institutional approach was used in analyzing the factors that cause this phenomenon. The results showed that the issue of residential unsold units occurs due to both formal and informal factors. Formal regulatory constraints lead to the unclear definition of unsold unit among the implementing agents, conventional systems and recovery procedures for abundant housing project. While informal regulatory constraints involve developers attitudes, conventional buying factor, developers reputation and buyers attitudes
Keywords :
unsold residential , housing sector , institutional economics approach , urban population
