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 Imf 2020 gdp. Malaysia 10000 usd. China 10800 usd.

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brian81st
post Apr 7 2021, 05:31 PM

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QUOTE(jibpek @ Apr 7 2021, 04:31 PM)
300~400K houses? You can't dream of that in KL city. Only outskirt.

China 2rd / 3rd tier cities 5th ring or beyond also very cheap.
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there is nothing much to argue here, because for housing issue, malaysia definitely can afford to own house easier compared to china.

There is no question that average malaysia can purchase a house much easier compared to china.

The main reason is that malaysia, even in KL , we have the lowest housing prices in south east asia.

Our housing prices are lower than thailand, vietnam, but our gdp per capita is 3 times higher than vietnam gdp per capita.
brian81st
post Apr 8 2021, 09:59 AM

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QUOTE(titanmelvin @ Apr 7 2021, 07:44 PM)
Average household income in KL. Seriously, your comprehension is quite poor.

Before you ask stupid questions again

"High real estate expenses have two aspects - housing prices and rents are both too high. A reasonable home price should be three to six times the median household income. That means a family with an average income can buy a house with three to six years' annual income. The house price to income ratio in China is above 50 in the first-tier cities and 30 to 40 in the third- and fourth-tier cities."
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i done researching myself online, for Kuala lumpur , the house price to income ratio per person in kuala lumpur is 25. and the the house price to income ratio per person in china first tier city is 60-70. and 35-45 for 2nd third tier city. both is checked based on per person income.

china city housing prices is definitely higher compared to malaysia. one of the main reason is that malaysian properties prices are the lowest in south east asia, even when compared to thailand , vietnam, where malaysia gdp per capita is 3 times of vietnam.

but anyhow China first tier city, the housing is definitely not affordable compared to kuala lumpur, and is also one of the highest in the world.




brian81st
post Apr 8 2021, 02:23 PM

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QUOTE(kexue @ Apr 8 2021, 01:02 PM)
Show us your statistics
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https://www.numbeo.com/cost-of-living/compa...patchComparison

you can choose your the city of your choice to make comparison.

The comparison is based on the average salary at that paticular city with all the comparison from housing prices, rental prices, food, entertainment , sports.


brian81st
post Apr 8 2021, 02:57 PM

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QUOTE(kexue @ Apr 8 2021, 02:38 PM)
How you calculate this?

Apartment (3 bedrooms) Outside of Centre 4,473.68 ¥ (2,826.83 RM)
                                                                3,431.49 ¥ (2,168.29 RM)      -23.30 %

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i done researching myself online, for Kuala lumpur , the house price to income ratio per person in kuala lumpur is 25. and the the house price to income ratio per person in china first tier city is 60-70. and 35-45 for 2nd third tier city.  both is checked based on per person income.
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Price per Square Meter to Buy Apartment in City Centre
(41,325.90 RM) Guangzhou
(11,549.45 RM) KL

Assume 100 sq meter for both.

verage Monthly Net Salary (After Tax)
(5,001.58 RM) GuangZhou
(4,204.76 RM) KL

RM 4132590 / 5001.58=826 months = 68.85 years (Guangzhou)

RM 1154945 / 4204.76 = 275 months = 23 years (KL)

 

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