The Housing Asset Triangle: Key Findings and Recommendations

Residential property is the largest and most differentiated asset within any country, and a significant part of a nation’s economy, especially insofar as it relates to household wealth, livelihoods, and the prospect of inclusive growth. As the property market grows and develops, housing can be an instrument of economic transformation, with property values growing faster than inflation and offering leapfrog opportunities to lower-income households as they benefit from the appreciation of their housing asset.

This creates demand for further housing services – home improvements, extensions, the construction of new housing – and in this, housing is significant as a growth sector for the economy. With this, further opportunities to leverage property with finance rising, supporting the development of small businesses is so important in the context of low employment. At the same time, this activity contributes to a growing revenue base for the government at the municipal level and improves the city’s ability to invest in further growth and deliver appropriate services to the breadth of its population.

Also Read: Affordability of Affordable Housing in the Northern region of Malaysia