1. Introduction.- 1.1. The changing interest for housing in development theory and policy.- 1.2. Appraisal of low-income housing.- 1.3. Scope and structure of the study.- 2. Malaysia.- 2.1 Location and climate.- 2.2. Historical perspective.- 2.3. Demographic trends.- 2.4. The Malaysian economy.- 2.5. The political background to development planning.- 2.6. Development planning in Malaysia.- 3. Housing in Peninsular Malaysia.- 3.1. Introduction.- 3.2. Housing as a goal: needs and supply in Peninsular Malaysia.- 3.3. Macroeconomic aspects of investment in housing.- 3.4. Squatter settlements.- 4. Evaluation of Squatter Rehousing.- 4.1. Cost-benefit analysis (CBA) of squatter rehousing.- 4.2. Methodological aspects.- 4.3. The case-study rehousing schemes.- 5. Estimation of National Parameters for Peninsular Malaysia.- 5.1. National goals and their relative importance.- 5.2. The social discount rate (SDR).- 5.3. Accounting ratios.- 5.4. Summary review of national parameters.- 6. Case-Study Analysis.- 6.1. Introduction.- 6.2. Rate of return analysis.- 6.3. Miscellaneous impacts.- 6.4. Summary results of case-study analysis.- 7. Main Conclusions.- 7.1. Summary review.- 7.2. Generalizations possibilities and suggestions for further research.- Appendix A. A survey of cost-benefit analysis.- Appendix B. Impact of squatter rehousing on selected social variables.- Appendix C. Estimates of costs and benefits for all schemes.- Appendix D. Tabulated results of sensitivity analysis.- Appendix E. Significance tests used.- References.- List of Abbreviations.- List of Symbols.