ACCORDING to studies by Khazanah Research Institute, house prices in Malaysia rose by an average of 5.8% per year between 2010 and 2022. This is well above the healthy growth range of 3% to 4%, making it difficult for many in the M40 income group to become homeowners.
In urban areas, the typical “modern” three-bedroom apartment ranges from 800 sq ft to 1,000 sq ft. This limited space is not conducive to multi-generational or extended family living.
