A big thank you to ES again
My HDB insider ES sent me the following very interesting article on housing affordability in Malaysia:-
Housing affordability in Malaysia?
Malaysia’s New Sunday Times – When housing becomes unaffordable, page 8:
http://www.thestar.com.my/
Public housing affordability in Malaysia?
As I understand that the above is for all housing types (including private property) – I am also listing some information on Malaysia’s public housing below.
RM30,000 to RM65,000?
“houses under the PHP (People’s Housing Programme) will be priced at between RM30,000 and RM35,000 per unit in the peninsula and RM40,500 per unit in Sabah and Sarawak
… the government is also introducing a new category of affordable homes priced between RM45,000 and RM65,000 each, besides providing a subsidy of between RM15,000 and RM20,000 per unit
… the MyHome scheme is open to first-time buyers with a maximum household income of RM3,000 for the low cost and RM6,000 for the medium cost houses respectively”
Up to RM400,000?
According to the kahzanah making housing affordable report 2015 – “Affordable housing schemes range from low-cost homes priced below RM100,000 to the RM400,000 houses (income range up to RM10,000 monthly) sold under the PR1MA scheme. Four of these public affordable housing programs not only provide assistance to the bottom-40% of households, but the middle-40% as well; housing affordability is not only a lower-income challenge”.
Compared to Singapore?
How does the affordability of housing, particularly public housing, in Malaysia compare with Singapore’s?
What do you think?
Leong Sze Hian
