Houses ‘seriously unaffordable’, says BNM

MALAYSIAN house prices remain “seriously unaffordable” relative to income, due to a mismatch between demand and supply of residential properties.

Bank Negara Malaysia (BNM) in its Financial Stability Review (Second Half 2019) report said however risks of a sharp correction in house prices will continue to be mitigated by firm demand for housing, particularly for properties priced below RM500,000.