International Business & Economy Public housing, S'pore vs M'sia which are more affordable?

Public housing, S’pore vs M’sia which are more affordable?

Author

Date

Category

- Advertisement -

By: Leong Sze Hian

I am thankful to ES my HDB insider for sending me a very interesting article on housing affordability in Malaysia titled, ‘Houses in KL too expensive’ (link: http://bit.ly/29RnOVx). The article provided a table comparing housing affordability in various Malaysian cities.

As I understand, the above is for all housing types (including private property). The following are more information on the affordability of public housing in Malaysia.

- Advertisement -

Excerpts from ‘Budget 2014: 223k affordable housing units to be built next year’ published in MalayMail Online:

“houses under the PHP (People’s Housing Programme) will be priced at between RM30,000 and RM35,000 per unit in the peninsula and RM40,500 per unit in Sabah and Sarawak

… the government is also introducing a new category of affordable homes priced between RM45,000 and RM65,000 each, besides providing a subsidy of between RM15,000 and RM20,000 per unit

… the MyHome scheme is open to first-time buyers with a maximum household income of RM3,000 for the low cost and RM6,000 for the medium cost houses respectively”

Excerpts from Khazanah making housing affordable report 2015:

“Affordable housing schemes range from low-cost homes priced below RM100,000 to the RM400,000 houses (income range up to RM10,000 monthly) sold under the PR1MA scheme. Four of these public affordable housing programs not only provide assistance to the bottom-40% of households, but the middle-40% as well; housing affordability is not only a lower-income challenge”.

How does the affordability of housing, particularly public housing, in Malaysia compare with Singapore’s?

What do you think?Follow us on Social Media

Send in your scoops to news@theindependent.sg 

No tags for this post.
- Advertisement -

Shanmugam challenges opposition to debate on CECA, leaders respond

Singapore— Law and Home Affairs Minister K Shanmugam ended a speech in  Parliament on Tuesday (May 11) by challenging Non-Constituency MP Leong Mun Wai to a debate on CECA, the India-Singapore Comprehensive Economic Cooperation Agreement.  Mr Leong, who is from the Progress...

K Shanmugam: If SG goes down racist route, eventually all Indians can be a target of hate

Singapore—In the wake of a hate crime last Friday (May 7) when a 55-year-old Singaporean-Indian woman was kicked in the chest and called racial slurs, racism and xenophobia were discussed in Parliament on Tuesday (May 11).  Minister for Law and Home Affairs...

Van beats traffic light and almost hits a woman pushing a baby in a stroller

Singapore - A Toyota Hiace van beat the traffic light and almost hit a woman who was crossing the road, pushing a baby in a stroller. Camera footage from another car showed that the Toyota Hiace driver picked up speed instead of...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

No tags for this post.
Theindependent