No it's not..

A standard middle wage income in KL is at least 8k-12k a month.


rent in KL is cheap.




Property prices are hovering around RM 800k - 1.2mil


this is okay still.

Compare this to say Australia, Melbourne/Sydney. Aussie average income is roughly 7-10k aud a month. Average property price in CBD is around 950-1.5mil aud for a small townhouse.

But taxes in Australia is much higher. So you have to factor that in your decision.

Property price in Malaysia is still 5x to 7x of your annual income.

Comparable to other countries, where property can easily reach 10x - 20x of your annual income.

Malaysia property prices is still reasonable.

This post has been edited by Liamness: Feb 18 2021, 09:06 PM

Your post shows an example of Kuala Lumpur, but concludes property prices in Malaysia are cheap.
I will go with it and discuss prices in KL vs other big cities instead of discussing country vs country.

I see you picked some numbers from here and there and then compared it to one of the most expensive cities for property in the world, to somehow come to the conclusion that prices in Malaysia are still reasonable.

You actually don’t need to pick random numbers and just go to a site like numbeo.com
You can see for yourself KL property prices are one of the highest compared to income.
Mortgage as percentage of income is an easy to understand indicator for comparison.
KL: 77.73%
Sydney: 59.85%
Brussels: 36.98%
Houston: 15.70%

KL
Sydney
Brussels
Houston

I do agree with you that rent prices are still ok here. But that’s not what I stated in my first post. I stated property pries are high compared to income. And I stated price to rent ratios are high. You can compare price to rent ratios also on the same site.

It is a good time to rent and a good time to sell, but not a good time to buy.

what planet do you live on

https://www.globalpropertyguide.com/Asia/Ma...re-meter-prices

Your figures are out.. check out the above link.

KL is even cheaper than Bangkok.

I live in KL. Everyone I know age 26-60 makes between 8k to 20k.

Well that's within your circle. Doesnt mean it's the standard/average for "middle wage income in KL"

That explains your delusion

your circle is mostly elites who drink starbucks and dine in expensive restaurants? if you visit mamak and eat normal food place like most people in KL the average income is rm2000 - rm8000

Nope.. most are working professionals.

The elites are holding millions in the bank. They are on a different level altogether.

I know the type that can take a private yacht and go to Thailand for the weekend. Those types dont need to work.

Totally different from the group I mix with. Which are mostly small business owners or degree holders and working professionals. They all live a comfortable middle class life and all living in their own landed property.

It's not hard.

Just coz you are butthurt, not earning enough to afford a place in pj or kl doesnt mean others are doing as badly as you.

Infact, like I said, majority are pulling 8k-20k. Once you are a manager or senior executive level, its not that hard at all.

And if you can't even make 8k a month, something is wrong with you. Maybe you should do grab part time to supplement your income instead of crying on a online forum on a weekend.

You born poor, its not your fault. You die poor, is entirely your problem.

You mean majority workers are managers and senior executives?

No wonder you are a trumptard

There's enough of this level of income earners living in KL to support the market.

Stop being a retard..

Msia property market is balanced around the income and the nature of your job.

Meanwhile, in places like Australia, even those stocking shelves at supermarket are buying a 700k aud house in Melbourne or Sydney. That isnt sustainable.

My circle of friends earns 20k -150k, does this means majority standard middle incomers are pulling 20k-150k?

Stupid arrogant fool that refuse to accept own foolishness.

Wat ever itnis , real majority in msia earns way lower n frm epf savings less than 129k contributors only hv $600k +

If you say property price is reasonable and our malaysian mojor income is like 8k per month, then nobody need to rent house now already, am i right？

Not according to epf data.

According to wealth reports, only about 4% of adults in this country have over us$100k net worth.

i felt like wanna slit my thorat reading this tered

Haha

Those from KL like me hardly rent place one la..

Either stay with parents then when save enough, go and invest in a unit. It's Not hard.

Bruh, why are you tryijng so hard to brag? You know people look down on you? No one is impressed here