Rajan: ‘The heart of the housing issue is what really constitutes an affordable price range and to which demographic this applies.’
NATIONAL housing policies must change to reflect new realities and concerns. Today, the debate is shaped by concerns about housing affordability, particularly for the middle- and lower-middle-income group.
According to Khazanah Research Institute (KRI), at the national level, median house prices are 4.4 times median annual household income last year. This signifies a “seriously unaffordable” market.
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