With property prices skyrocketing perpetually, one must wonder whether the younger B40 households can afford to purchase their own home.
Housing remains out of reach for many Malaysian households despite the availability of bank financing, reflecting the ongoing concern of house price growth outpacing income growth. This is especially true for families moving from rural areas and small towns into urban cities.
Are there enough options for low-income earners? What are some ways to realise their dreams to own personal homes? This whitepaper seeks to explore house affordability and the possibility for the B40s.