Assessment on factors of buying or renting a house among youths

Siew, Voon Ching (2022) Assessment on factors of buying or renting a house among youths. Final Year Project, UTAR.

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Abstract

The study will be a useful guideline for housing developers to understand youths’ preferences toward the trend of future housing development and to identify appropriate strategies before embarking on housing development projects in order to develop and build a property that will meet the requirements and needs of buyers of residential property in Malaysia. First of all, the research aims to determine some of the factors that will influencing youth’s decision-making when they choose to buy or to rent a house. A total of five factors were identified during the research project: Housing Price, Demographical Factor, Location or Distance Factor, Financial Factor and Physical Environmental Factors. To evaluate the impact of these five factors, a method of survey is done throughout the Klang Valley which has the population of 7,035,725 of people living in. the survey questions were used to collect data with total respondents of 100 within Klang Valley. For this research, a quantitative approach will be used to achieve the research’s objectives. The collected data was evidenced reliability test with Reliability Analysis using the SPSS Analysis Tool, and then further analysed using Descriptive Analysis and the Relative Importance Index (RII) methods. In addition, for the research project, content analysis was used to analyse the data and to support all the findings.

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