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Housing Matters: The Value of Home Ownership in Brunei Darussalam
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Abstract:
House matters to consumers. However, there are varying values and meanings attached to a house depending on spatial and cultural differences. This research draws upon a study of consumers in Brunei Darussalam. Governance, consumption patterns and socio-cultural institutions shape how consumers value housing and influence their desire to become homeowners. This research suggests Brunei’s housing development and culture are unique compared to societies that underwent great financial liberalisation such as the UK and USA. Financial liberalisation, also known as financialisation, involves governments reducing their restrictions on financial institutions and the financial markets. Based on the results of a qualitative research approach that involved 210 structured interviews which was substantiated by qualitative interviews and secondary data analysis, this study identifies the variables that influence the culture of housing consumption.
Description:
Date:
2017
Authors:
Noor Hasharina Hassan
Publisher:
Institute of Asian Studies, Universiti Brunei Darussalam
