Making home ownership possible for more

loading

House prices in Malaysia continue upwards and there is as yet no sign of a slowdown. With the dream of owning a home growing more illusory for more and more Malaysians, it’s time to rethink housing finance and introduce innovative solutions that will give more Penangites a chance to buy a home.

A growing segment of Malaysian society is unable to buy decent or affordable housing which meets their needs and aspirations. House prices have moved beyond reach for many households and continue to do so, rising faster than household incomes.

Key urban areas such as KL, Penang and Selangor, which provide significant employment opportunities as well as generate and drive economic growth, are typified by increasing levels of “housing stress”; a situation where housing costs (rental or mortgage) are high relative to household income.


To read the rest of the article and to access our e-Archive, subscribe to us for RM150 a year.



Related Articles

COVER STORY
Aug 2013

Catching the East Asian wind

The inaugural Penang Economic Conference takes a look at the region’s global economical potential and challenges that come with progress.

COVER STORY
Feb 2010

Parenting Penang's pride

Desmond and Ann-Marie David chat about raising a national icon.

COVER STORY
May 2016

A City For All Classes

Liveability is more than just making it to the top of a list; it is about ensuring quality of life is available to every spectrum of society.