Malaysia house prices are seriously unaffordable

Estimate Reading Time: < 1 minute

KUALA LUMPUR: Malaysian house prices remain seriously unaffordable relative to income, said Bank Negara Malaysia, blaming it on a mismatch between demand and supply of residential property.

The central bank in its Financial Stability Review (Second Half 2019) report however said risks of a sharp correction in house prices will continue to be mitigated by a firm demand for housing, particularly for properties priced below RM500,000.

-Advertisement-

-Advertisement-

For the first nine months of 2019, these properties accounted for 83% of total transactions.

BNM said Malaysian house prices continued to grow moderately in the third quarter of 2019, on the back of steady demand for affordable high-rise properties.

Share this Article
  • 1
  •  
  •  
  •  
  •  
  •  
  •  
    1
    Share