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.

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


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