Residential properties in Malaysia has experienced significant price appreciation in the past 20 years with prices in several states like Kuala Lumpur, Johor and Penang expanding at higher rates than other locations.
Despite the current slowdown in the property market and many developers offering up to 30 per cent discounts on real estate purchase, prices are still high for many people, and some buyers are still not able to secure the right margin of financing.
Under any circumstances, the need for housing as a basic necessity persists.
If you a first-time house buyer, a middle-income earner and are interested to buy, you may want to look at public housing schemes.
Property prices at public housing projects are relatively more affordable, about half or one-thirds that of units built by private developers.
Media Title: The Star
Date: 21 Sep, 2019