Malaysia’s housing challenges and the potential solution


Kenneth Cheng Chee Kin

If the trend of home prices rising faster than household income persists, housing could well become a luxury that even the upper M40s cannot afford. – The Malaysian Insight file pic, November 20, 2018.

THE Pakatan Harapan (PH) government, through its manifesto, has promised to increase the number of affordable housing for purchase and rental.  

PH does concede that there is an issue of housing affordability brewing in Malaysia where many younger Malaysians are being priced out of a decent home. And most recently, Finance Minister Lim Guan Eng has also reiterated PH’s desire to provide “housing for all” through PH’s latest budget. Under the PH administration, construction of popular affordable housing schemes such as Program Perumahan Rakyat (PPR), Perumahan Rakyat 1 Malaysia (PR1MA) would be continued with an allocation of RM1.5 billion and there will be a RM1 billion fund established by Bank Negara Malaysia (BNM) to assist mostly B40s to purchase affordable homes. 


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