KUALA LUMPUR: Bank Negara says claims by property developers that there is an overbuilding situation in the affordable housing market is based on the “inaccurate” definition of the segment.
The central bank said that houses in the price range of RM300,000 to RM500,000 are beyond what is affordable to households earning the median income in Malaysia.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!