Affordable Housing Malaysia 2018

31st march 2018 the government of malaysia is concerned about the constant rise of living cost and the ways it has deteriorated living standards especially to the low to medium income earning group of the population.

Affordable housing malaysia 2018. This article first appeared in the edge malaysia weekly on september 24 2018 september 30 2018. The standard have just been implemented on 1 january 2018. Mfrs 9 is an accounting standard related to financial instruments i e. Hong kong is 20 9 times the median annual household income as of 2018 but still ok just because we re not the worst doesn t mean the situation is good for us.

Providing 1 million aff ordable homes by 2018. Launched in september 2018 this research report is the latest and one of the most authoritative compilation of practical implementable ideas from around the world including with various industry stakeholders which ideas if implemented will change the game plan for how affordable housing is developed in malaysia. Br1m and malaysia affordable housing 2018 the government of malaysia is concerned about the constant rise of living cost and the ways it has deteriorated living standards especially to the low. Effect of mfrs 9 towards malaysia s housing market.

The recent budget 2018 gave the housing sector an allocation of rm2 2 billion with over 50 000 units being prepared under the affordable housing programme and more financing programmes such as pr1ma to help malaysian citizens afford their first homes. Only some companies like lbs bina were able to sustain its share price as its focus is on affordable housing segment which is what the current demand wants according to publicinvest research report. Although the government considers the maximum price for affordable housing to be rm282 000 72 100 the actual median sale price of units during the period was rm313 000 80 000 out of reach for many people in a country where the monthly median household income is rm5230 1340. The government has been focusing on providing affordable housing in the recent years.

The government has a responsibility in providing quality housing and adequate for all its citizens. To solve the issues bantuan rakyat 1malaysia br1m was introduced in the year 2012. 31st march 2018 affordable housing for income between rm2 500 to rm10 000. This can be done through policies enacted and housing programs.

Having said that malaysia s housing market is nowhere near as bad as the top 10 most unaffordable locations globally. Malaysia as a developing country has a role to provide suitable and affordable housing. A a there has been much discussion on the adequacy of current affordable housing supply and crucially the lack of homeownership in malaysia.