Demand from first-time buyers still strong despite affordability challenge


PETALING JAYA: Instead of blowing their cash on pricey gadgets, young Malaysians are saving up for their first home.

While most Gen Y shy away from owning property in developed countries and big cities, demand from millennials here is still holding, especially with parents assisting them with the downpayment, Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Seri F.D. Iskandar said.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Property , property demand , pricey homes , Gen Y

Next In Nation

MMEA rescue team hailed for response to police heli crash
Eight shoplots, three cars destroyed in JB blaze
Myanmar elections only possible when unrest settles, says Tok Mat
Asean a trusted platform by global superpowers, says Mohamad Hasan
Asean reaffirms support for Myanmar peace efforts, Timor-Leste's bloc membership
Anwar meets with BN MPs at Seri Perdana
Malaysia will fully enforce rules on illegal ship-to-ship transfer of crude oil, says Tok Mat
Abolish contract system to retain doctors in public healthcare, says MMA
Heavier penalties await bullies as amended laws come into force
Durian can be a cultural experience, says Mat Sabu in urgin hotels to embrace the 'King of Fruits'

Others Also Read