Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Malaysia: Housing the Nation Policies, Issues and Prospects

This is a book on housing policies, issues and prospects in Malaysia, containing articles of various contributors. This book gives various angles of homeownership, which has been a goal of Malaysian policymakers for more than 50 years. The reasons are not difficult to fathom. Shelter is, first and foremost, a basic human need. Without it, citizens cannot feel secure against the elements or each other, and will be unable to lead happy, productive and fulfilling lives. Housing, however, goes beyond the physical dimension. Ownership of the roof over one’s head, in particular, has vast economic, social and political spinoffs. Houses are investment assets that grow in value over time and are therefore a means of saving and wealth accumulation. Housing development programmes can be used to stimulate economic activity. Living in high-end residences conveys privilege and social status. Housing places people in close-knit communities, either involuntarily in poverty-stricken and crime-ridden neighbourhoods, or voluntarily in luxury lifestyle ones. As a long-term asset, homeownership helps to create stakes in the peace, stability and prosperity of a nation.

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