This study aims to explore the issue of residential price in Malaysia from a supply-side perspective. The views are directly obtained from medium and small-scale developers in Malaysia.,We used the semi-structured interview for analysis purpose. The samples are from property developers (medium and small-scale developers) and a single respondent from the Malaysian National House Buyers Association. We used the judgmental sampling method to choose respondents for this study. The interview results went through content analysis in order to derive common themes, resulting in the identification of four main themes.,First, developers view that the residential market is growing at a good pace, albeit slowly. However, the issue of unaffordability and construction costs remains to haunt the progress of property development in Malaysia. Second, from supply-side perspectives, there are several main reasons why the residential prices in Malaysia are uncontrollable: (1) costs of construction, (2) taxes, (3) existing units, (4) location and (5) urbanization. The third theme is the government support in catering to the needs and wants of middle- and lower-income earners. Most respondents agreed that the government has been providing low-cost houses supported by various incentives. Finally, on price control strategies for residential units, recommended suggestions are as follow: embracing different methods of construction styles, promote the uses of local materials instead of relying on imported materials, continuously review rules and regulations, provide more incentives and to build partnerships between the government and private companies on affordable housing projects.,The research is expected to present solid findings and claimsseveral significant contributions, especially policy-wise. We believe this contribution will enrich the existing literature on residential market. The present study is also predicted to produce noteworthy findings to all stakeholders in the real-estate industry, such as potential home buyers and existing house owners to housing developers, marketers and government policy regulators, as well as academic institutions.,This study is expected to enrich the existing literature available in the context of real-estate finance such as property price and property policy in emerging economies like Malaysia. One distinguishing factor which differentiates this study from others in the literature is the feedbacks obtained from medium and small-scale developers, therefore deemed to be more solid and reliable. The current research in real-estate finance is mainly focused on empirical analysis and we believe this study will offer a breakthrough view on the matter of residential market in Malaysia.

中文翻译：

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马来西亚住宅价格的供应方驱动因素：从开发商的角度进行定性分析

这项研究旨在从供应方的角度探讨马来西亚的住宅价格问题。这些意见直接从马来西亚的中小型开发商获得。我们使用半结构化访谈进行分析。样本来自房地产开发商（中型和小型开发商）以及马来西亚国民房屋购买商协会的一名受访者。我们使用判断抽样方法来选择本研究的受访者。访谈结果经过内容分析以得出共同的主题，从而确定了四个主要主题。首先，开发人员认为住宅市场尽管增长缓慢，但仍在高速增长。然而，负担能力和建筑成本问题仍然困扰着马来西亚房地产开发的进展。第二，从供应方的角度来看，马来西亚的住宅价格无法控制的主要原因有以下几个：（1）建筑成本，（2）税收，（3）现有单位，（4）地理位置和（5）城市化。第三个主题是政府在满足中低收入者需求方面的支持。大多数受访者同意，政府一直在提供各种激励措施支持的低成本房屋。最后，关于住宅单元的价格控制策略，建议的建议如下：采用不同的建筑风格方法，促进本地材料的使用，而不是依靠进口材料，不断审查规则和法规，提供更多激励措施并建立合作伙伴关系政府和私人公司参与经济适用房项目。预期该研究将显示出扎实的发现，并主张许多重大贡献，尤其是在政策方面。我们相信这一贡献将丰富有关住宅市场的现有文献。预计本研究还将为房地产行业的所有利益相关者，例如潜在的购房者和现有的房屋所有者，房地产开发商，市场商人和政府政策监管者，以及学术机构，提供值得注意的发现。以丰富房地产业背景下的现有文献，例如马来西亚等新兴经济体的房地产价格和房地产政策。这项研究有别于其他文献的一个区别因素是从中小型开发商那里获得的反馈，因此被认为是更牢固和可靠的。目前对房地产金融的研究主要集中在实证分析，我们相信这项研究将为马来西亚的住宅市场问题提供突破性的观点。