House prices beyond affordability of most Malaysians


KUALA LUMPUR: Most Malaysians cannot afford to buy newly launched houses, as the average price of new properties is nearly 48% higher than the maximum affordable house price in Malaysia.

In addition, about 73% of unsold properties in the country are also not affordably-priced, according to Bank Negara director of financial surveillance Qaiser Iskandar Anwarudin.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

house , prices , affordability , Malaysians , Bank Negara , Qaiser ,

   

Next In Business News

UK may reap US$84bil borrowing from household Covid savings
WTK strengthens plantation business
Press Metal to gain from robust aluminium prices
Bursa likely to be muted as sentiment remains soft
Exciting deals at Sunway Theme Parks Mega Roadshow
CPO futures likely to trade in yo-yo mode next week
Good news for the global economy
BP, Chubu Power to study CCS project at Nagoya
Short Position: Private equity exits, Managing cyber threats, Don’t kick the can down the road
Bonds surge as traders call time on hikes

Others Also Read