QUOTE(neonikson1 @ Aug 30 2015, 03:49 PM)
http://property.sinchew.com.my/node/3187I urge KL people to pick up a property in Seremban while it is still affordable.
Translation
Kuala Lumpur, only half of them owned houses ‧ income can not keep house price increase
2015-08-25 09:10
(Kuala Lumpur on the 24th Bernama) - New research shows that Malaysians homebuyers the ability to further deteriorate.
(File photo)
Compared to two years ago, Malaysia, house prices in 2014 is more difficult to afford, from "slightly difficult burden" to deteriorate "unaffordable" level, but also the face of big city owned housing low income can not keep up house prices rose and affordable housing shortage dilemma.
Khazanah Research Institute (KRI) released the latest housing affordability report noted that although the increase in national income, but in 2014 the Malaysian House bid was 2 years more burdensome, affordability index of 4.02 times from 2012 to 2014 the rise 4.4 times, and generally affordable value is about 3.3 times.
2012 national median level of income for 40 003 512 one thousand ringgit, 2014 increased to 50,005 thousand and 20 ringgit, an increase of 10 001 508 one thousand ringgit or 26.5 percent for 2 years. At the same time, house prices have also accelerated, rising from 170,005 RM1,000 level significantly increased in value 240 002 RM2,000 in two years increased by 60,007 RM1,000 or 38%, showing the national income can not catch housing gains.
Deng Long Penang sand house prices "extremely difficult burden"
In addition, the report also put Terengganu, Kuala Lumpur, Penang and Sabah included extremely burdensome areas, where affordability index reached 5.5,5.4,5.2 and 5.1 times, 4.4 times higher than Malaysia's.
House prices unaffordable case of a Pahang state, Kelantan, Perak, Perlis and Johor, which are 4.2 to 4.9 times. House prices slightly unaffordable areas in Selangor, Negeri Sembilan, Sarawak and Kedah, affordability index ranged from 3.4 to 4 times. Malaysia the only affordable house price below the market level of states in Malacca, affordability index was 3 times.
KRI said the booming housing market, but not all regions have affordable housing, this problem is particularly significant in the Klang Valley and Penang, the key factor is the lack of affordable housing supply to meet market demand.
In 2014, only 19.7 percent of the new low-cost real estate industries, significantly lower than 2004's 36.4%.
Owned house rate, Malaysia has made 72.5%, lower than Singapore's 87.2 percent, but still higher than in developed countries, such as Australia, the United Kingdom and the United States, these countries were only 68.1%, 67.4% and 66.5% owned house rate.
Long only half of them owned house
2010 Malaysian owned house rate data display, suburban house hold significantly higher than urban rates, Kuala Lumpur in Malaysia Yong Uk lowest rate, only 53.5%, significantly behind the 72.5% of the country's pro-rate housing. This also means that, in Kuala Lumpur, every 10 people, only half of the UN Ownership, far lower than other states.
In the case of all states and territories, the Kedah owned house rate crowns the country, whether urban or suburban, owned housing rates were 89.9% and 77.2% respectively, the overall coverage of the whole horse first, up 81.8 percent, is expected to average per 8 out of 10 people living Ownership.
KRI noted that with the population growth forecast of 2% per year, plus the increase in the degree of urbanization and household demographics narrowed, city owned housing rate of decline will be more severe problem, because the growth rate of China's population will be unable to catch up with the growth in the future faster, the number of households.
The agency predicts that by 2020, household population from 4.3 persons in 2010 to 4 people, but the number of households increased from 6,350,003 8,110,000 thousand, to the house demand is relatively imminent.
Managing Director of the agency to take supervision Lunmozhani noted that providing housing loans through government grants and assistance to non-affordability index improved long term, market players should be too loose change processes, the adoption of innovative practices and new technologies, speed up the construction pace and reduce costs, improve affordable housing supply policy is long-term countermeasures.
According to domestic and foreign research reports, if the developer uses innovative techniques and new technologies, such as industrial building systems (IBS) to build affordable housing, will reduce costs by 30%, the fastest to complete the construction works within six months.
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http://property.sinchew.com.my/node/3187#s...h.29yimfuL.dpuf