Housing Attributes that Influence House Buying Decisions Making by Young Working Generations in Kuala Lumpur

Abstract

Buying a home is always everyone's dream. However, today's young working generation prefers to live in a rental house rather than buy a house. The decision to buy a house is not an easy one because it requires stable finances. A wrong decision in the purchase of a house can lead to negative consequences in the future. Unfortunately, even with all the government incentives through housing programmes that assist in the financial aspect, they still prefer to live in rented houses. In general, there are a number of factors that influence the housing buying decisions of the young working generation, especially those who live in a city like Kuala Lumpur. From past research, one of the factors is housing attributes. Therefore, this paper attempted to investigate the housing attributes influencing the housing-buying decisions of young working generations in Kuala Lumpur. A quantitative method is employed, and 384 sets of questionnaires were distributed purposefully to the young working generation in Kuala Lumpur. In order to analyse the data for this study, descriptive analysis and the Statistical Package for the Social Sciences (SPPS) version 29.0 were both employed. From the results obtained, all respondents agree that price, size and number of living spaces, and neighbourhood have the most influence on housing buying decisions, but there is one variable that the respondents did not agree on, and that is superstition.