Is Malaysian Housing Affordable? House is one of the indispensable needs In life, as a human, we need a proper shelter that will be able to secure us from any danger and threat. House is also pertinent to help our society grow in the modest and civilised way. We do not want our society to live without a proper roof over the head or with life-long debt from an action of buying a house. Thus is Malaysian housing affordable? Realistically, our housing market is out of affordability for the vast majority of Malaysians. According to Khazanah Research Institute (KRI), the housing market in Malaysia has shown that most Malaysians cannot afford to own or buy a house, KRI has also indicated that housing market in Malaysia is out of affordability at 4.4 times higher than the median household income of Malaysians. Terengganu, Penang, Kuala Lumpur and Sabah are the states that are in the critical condition of affordability. Table 1: Comparison of housing affordability based on ...
Bachelor in Economics from University of Malaya, was a president for University of Malaya Student's Union (UMSU). Currently being active with political activism and social movement.