Improving Project Appraisals by Monetizing Social Benefits and Impacts of Public Housing Initiatives in Malaysia: A Conceptual Framework

Abstract: This Paper Outlines Malaysia's Approach To Evaluating Public Infrastructure Projects, With A Particular Focus On The Housing Sector. The Most Significant Difficulty In Assessing Affordable Housing Is Measuring Social Benefits Or Drawbacks, Which Are Often Considered 'Intangible' And Do Not Have A Market Value. Much Of The Cultural, Social, And Environmental Impacts Are Sometimes Overlooked. Three Central Aspects Guide The Author In Formulating Its Main Research Question: What Are The Primary Project Appraisal Strategies For Public And Social Housing Practised In Malaysia, And How Can They Be Improved. This Paper Proposes A Framework For The Cost-Benefit Analysis Of Public Housing In Malaysia That Can Be Enhanced By Strengthening The Program's Non-Market Impact Evaluation In Social Housing Initiatives.

Public Housing Projects, Project Appraisal, Cost-Benefit Analysis, Economic Valuation

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