‘Affordable’ property anything but affordable, property experts says



‘Affordable’ property anything but affordable, property experts says



KUALA LUMPUR, May 8 — Affordable housing is a segment with clamouring buyers, but it is also the one that developers are not outwardly interested in supplying. In 2013, Datuk Abdul Rahman Dahlan who was then urban wellbeing, housing and local government minister said there was a 40-per cent shortfall between the availability and demand for such homes. Property prices climbing beyond the affordability of buyers is not a phenomenon unique to Malaysia, but the problem becomes more pervasive when the median household income was RM4,585 in 2014. At that level, the families are limited to homes costing RM300,000. Comparatively, the average house price in Kuala Lumpur was RM772,116 in 2016. To know more and read further, please click on the weblink below:-