House Prices: Most And Least Affordable Cities In Malaysia
City living is getting less affordable as the house prices in various cities in Malaysia rise, especially in the main cities like KL or even around the Klang Valley.
Here is a list of 1,000 sq ft condominiums in major cities around Malaysia from the cheapest to the most expensive, as well as the mean monthly income of residents in those cities to gauge affordability.
Image from: WillyzPortico.com
Which city surprises you? Do you think the mean monthly income for each state matches the property prices?
Shocked with the prices of condominium listed above? Check out the top 5 most expensive condominium in Kuala Lumpur.
Note: Property prices and details are obtained from iProperty and Property Guru.
The mean annual income according to states is extracted from the Household Income and Basic Amenities Survey (HIS/BA) 2012 report by the Department of Statistics Malaysia.
* The minimum net income for loan approval is derived based on RM500 monthly loan commitment, 30 years loan tenure and 4.25% interest rate.