Property Purchase: Issues and Challenges Faced by First-Time Home Buyers in Malaysia

Hoo, Vicky Ying Qi (2022) Property Purchase: Issues and Challenges Faced by First-Time Home Buyers in Malaysia. Final Year Project (Bachelor), Tunku Abdul Rahman University College.

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Abstract

This study is based on a title of ‘Property Purchase: Issues and Challenges Faced by First-time Home Buyers in Malaysia’. for this title, there are three main objectives that are going to study, which are to identify the current issues and challenges faced by first-time home buyers in Malaysia, to investigate the causes of these issues and challenges in Malaysia and to propose the solutions to solve and mitigate these identified issues. Besides, the search scope and significance of study have been discussed. With the development of the economy, housing prices are still very valuable and are gradually rising every year. However, household income has not increased accordingly which is the main problem affecting Malaysians’ difficulty in affording a house. Therefore, the literature review will be used to further explore the research on the property purchase by home buyers. Effective solutions will be proposed as well to enable home buyers to understand the problems in their current situation. The data collection techniques used in this research is primary data and secondary data. Secondary data are books, journals, articles, etc found through online resources. Primary data will be collected by carrying out questionnaire surveys. Quantitative methodology is to examine the results acquired from questionnaire surveys. At last, this study can help people to understand that buying a house is not easy, and there are many things to consider and worry about. Therefore, the home buyers must plan carefully before buying and properly manage their living plans. Then, find the best solution as the first choice to solve and mitigate the problems faced.