1. Price of houses keeps going up year after year, one housing project after another newer project. Many salary earners in the city and suburban are finding it beyond their means to buy their first home. Affordable houses have become unaffordable to many first time house buyers.
2. Price of houses under new "affordable" housing projects category has been increasing. New single storey terrace house is touching RM200,000 and new double storey terrace house at RM300,000. We are NOT talking about houses at new housing development in the heart of the town or city!
3. Single storey terrace intermediate house in Johan Setia and Jalan Kebun, Seksyen 29 and Seksyen 30, Shah Alam are going for almost RM200,000! Moving towards Banting, new housing projects in Sijangkang, Jalan Kebun Baru, Teluk Panglima Garang, Jenjarom, prices there are also going up towards that same level. It's a matter of time when that will happen and not a matter of "sure or not".
3. Single storey terrace intermediate house in Johan Setia and Jalan Kebun, Seksyen 29 and Seksyen 30, Shah Alam are going for almost RM200,000! Moving towards Banting, new housing projects in Sijangkang, Jalan Kebun Baru, Teluk Panglima Garang, Jenjarom, prices there are also going up towards that same level. It's a matter of time when that will happen and not a matter of "sure or not".
4. What can be so surprising about that? When low cost flat in Shah Alam is projected to fetch RM200,000.00 come year 2015. And yes, it is low-cost flat, you are reading it right : there's nothing wrong with my writing nor your eye!
5. In any given area which is suitable for housing development, every one unit of new house being built will mean the availability of land for building houses being decreased by the same size. In this regard, the increase in price is inevitable.
6. It is the rate of increase in the price of houses which did not correspond with the rate of income or salary for the majority that is nerve-racking More and more middle to low income Malaysians are finding it harder and harder to buy their first home. Houses are being priced out of their reach!
7. This is the reality of the current house prices that is affecting majority of middle to low income Malaysians living near to the towns in Klang Valley,Selangor and Kuala Lumpur.
8. The challenge to the government is - How to make it affordable to the middle to low income Malaysians to own their first home, if they have not already owned one?
8. The challenge to the government is - How to make it affordable to the middle to low income Malaysians to own their first home, if they have not already owned one?
