Median housing affordability in Malaysia at RM474,900, says iProperty
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8th February 2022
KUALA LUMPUR, Feb 8 — Property portal iProperty.com.my has released findings that indicated that the overall median housing affordability stood at RM474,900 and median home loan instalment at about RM2,000.
The data was collected from January 1, 2021 to December 31, 2021, based on the 2021 user data of LoanCare, the portal’s home loan eligibility indicator.
PropertyGuru Malaysia country manager Shylendra Nathan said it was encouraging to see that the median affordability among young property seekers is within the price range of one-third of new units coming onto the housing market in the third quarter of 2021.