DETERMINANTS OF ABANDONED HOUSING PROJECTS IN MALAYSIA
Abstract
The issues of abandoned housing projects are not new in Malaysia.
Without proper measures to tackle, they will continue to haunt home
buyers. This study examines responses of 328 customersobtained by
means of self-administered questionnaires. Four variables namely
lack of justice and equity, methods of computing and pricing, nature
of contract and lack of legal and governance were used as variables.
The results indicated that all the hypothesized relationships are
supported. Of these, the nature of contract was found to be the main
cause of the problem. The results contributes to the scanty empirical
research in this area. It also benefits managers of Islamic banks
to address issues that are affectingabandoned housing projects in
Malaysia.
Without proper measures to tackle, they will continue to haunt home
buyers. This study examines responses of 328 customersobtained by
means of self-administered questionnaires. Four variables namely
lack of justice and equity, methods of computing and pricing, nature
of contract and lack of legal and governance were used as variables.
The results indicated that all the hypothesized relationships are
supported. Of these, the nature of contract was found to be the main
cause of the problem. The results contributes to the scanty empirical
research in this area. It also benefits managers of Islamic banks
to address issues that are affectingabandoned housing projects in
Malaysia.
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PDFDOI: http://dx.doi.org/10.30659/ijibe.1.1.1-12
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