Work

A Discourse on Abandoned Housing Projects (AHPs) and the Potential of Crowdfunding: Malaysian Evidence

Year: 2025

Type: article

Abstract: The surge in housing demand has exacerbated challenges in Malaysia's property market, notably the widespread issue of abandoned housing projects (AHPs). Despite the government and banking sector's continuous efforts to facilitate financing for affordable housing, the increasing number of AHPs indicates economic inefficiencies. Literature identifies developers' financing constraints as a key driver of project abandonment. To address this, our study proposes the "Integrated Abandoned Housing Project Crowdfunding Model (IAHPCM)" as a viable alternative financing solution for developers. This framework aims to mitigate financial barriers and enhance housing project completion rates. The findings contribute to the growing body of literature on crowdfunding while offering practical implications for developers and broader economic sustainability.

Source: Global Review of Islamic Economics and Business

DOI: 10.14421/grieb.2025.131-03

Author: Hassanudin Mohd Thas Thaker

Institution: International Islamic University Malaysia

Language: English

Topic: FinTech, Crowdfunding, Digital Finance

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Sustainable cities and communities, Industry, innovation and infrastructure

Open Access status: diamond

Funder: International Islamic University Malaysia