Abstract
AbstractHouses matter to Bruneians. However, there are varying values and meanings attached to a house depending on spatial and cultural differences, which influence people’s urgency to become homeowners. Governance, consumption patterns and sociocultural institutions shape how consumers value housing and influence their desire to become homeowners. This chapter suggests that Brunei Darussalam’s housing development and culture are unique compared to societies that have undergone significant financial liberalisation such as Britain and the United States. Financial liberalisation or financialisation involve governments reducing their restrictions on financial institutions and the financial markets. Based on qualitative research that involved 210 structured interviews, six in-depth interviews and secondary data, this study identifies the variables that influence the culture of homeownership in Brunei.
Publisher
Springer Nature Singapore
Reference94 articles.
1. Aalbers, Manuel B. 2015. The great moderation, the great excess and the global housing crisis. International Journal of Housing Policy 15(1): 43–60.
2. Autoriti Monetari Brunei Darussalam [AMBD]. 2015a. Brunei’s banking sector continues to be stronger in 2015. https://www.ambd.gov.bn/Lists/News/DisplayItem.aspx?ID=168andContentTypeId=0x01040013E26435B72C28499D11105B93AD3652. Accessed 14 May 2016.
3. ———. 2015b. Frequently asked questions (FAQs): Regulatory notices by AMBD (2015). https://ambd.gov.bn/SiteAssets/Lists/Announcements/AllItems/FAQ.pdf. Accessed 14 May 2016.
4. Bauman, Zygmunt. 2001. Consuming life. Journal of Consumer Culture 1(1): 9–29.
5. Blunt, Alison, and Robyn Dowling. 2006. Home. London: Routledge.