FEELING the pinch because of the rising cost of living? Let’s factor in the housing woes too. Currently, our so-called “affordable housing” is priced from RM100,000 to RM400,000, which is certainly beyond the reach of most of the working class younger generation. Apart from this, majority of the available homes are in the higher price range.
The Consumers’ Association of Penang (CAP) believes there are various successful public housing schemes that Malaysia can either adopt or adapt to suit local requirements. While the CAP understands that Bank Negara Malaysia (BNM) is contemplating on adopting the German idea of rental housing, there are several issues that need to be considered.
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