Jessica Ng, 35, purchased her first home — a terraced house in Shah Alam — early last year and she is pretty excited about finally owning a property. The journey was long and hard as she spent months looking for a home she could afford and it took years of saving for the down payment, legal fees, basic renovations and furnishing.

"I had to consider the monthly bank payments, other expenses and unexpected ones as well. I wish I could afford to do a massive renovation but I have to be realistic about it. Maybe in another two to three years. It's going to be financially tight for me as it is but I'm glad to finally own a home," Ng says.

Indeed, Malaysia's housing market remains unaffordable to t h e masses despite its property prices being among the lowest in Southeast Asia.

 

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MediaTitle: The Edge
Date: 08 Jan 2018

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