Malaysiakini News

The problem of unaffordable houses

Sherilyn Goh  |  Published:  |  Modified:

KINIBIZ If you have just started a young family, and along with your spouse are wage earners in the Klang Valley, and are currently scouting for your first property, you are likely to find yourself encountering a number of problems. Where can you find the right property with the right location, the right price and the right attributes?

You may despair but you are not alone in facing the Malaysian housing dilemma.

First-time homebuyers, especially those from the younger generation and those from lower- and middle-income group, constituting about 50 percent of the Malaysian population, are not able to purchase their own property today, according to the National House Buyers Association of Malaysia (HBA).

That’s how it feels for Alya (not her real name), 28, who recently welcomed her twins. Together with her husband, her household earns between RM6,000 and RM8,000 a month but she finds that prices for houses that suit their needs are too high.

“The right ones are too expensive, while the ones we can afford are not suitable,” said Alya to KINIBIZ . “Often the affordable ones are too small and in poor locations.”

For the full story go to KINIBIZ .

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