“While financial affordability measures the monetary burden of owning a home, social affordability focuses on its appeal based on proximity to efficient transportation systems and the availability of job opportunities.
Value of overhang residential units also declined 4% to RM17.
How do we compare our building costs to those in neighbouring countries? Are Malaysian developers making excessive profits? Are they building the wrong products at unreasonably high prices to maximise profits, resulting in an excessive number of unsold houses, instead of building more affordable houses? Last week, we provided our data-based analysis that contradicts the prevailing myth that housing is generally unaffordable in Malaysia.
.jpg)
Home ownership rates rose from 2012 to 2019 across the country, except for Perlis and the Federal Territory of Labuan, according to a DoSM survey .
The research firm in a note on Thursday said that although office spaces are becoming more relevant, overall occupancy levels may remain thin, as the incremental supply of new office spaces could outweigh the modestly rising take-up, further dampening the sector’s outlook.
PR1MA must be held accountable for all its decisions.
“Almost 58% of the overhang was condominiums and apartments.
There is a widely held perception that housing is increasingly out of reach for the younger generation of Malaysians.
A total of 27,746 overhang units were recorded in 2022, declining by 24.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
