Affordable House in Malaysia

The prices of the houses in Klang Valley is increasing at too fast a rate.
If we take the salary of fresh graduates in 1070s and 2012, then we will understand why the majority of the are very concern...

House Prices in Klang Valley and years to pay,
                                                               
                                                                 
Salary fresh graduates => 1970 --900/month         and   2012 -- 2500/month

                                          1970s              2012                 
- Single storey terrace  =>35,000  ......=>300,000
- Double story terrace  => 50,000 ...... => 750,000
- Banglow                    => 150,000 ..... => 5 millions

Years to Pay/exclude interest
- single storey terrace         3.2 year              10 years
- Double storey terrace      4.6 years             25 years
- Banglow                         14 year                166 year

The ETP, envisages to become a developed nation in 2020 with the per capita income of 48,000 from 24,000 in 2009. Using a simple estimate, the fresh graduate is expected to draw monthly salary of 10% of percapita, RM2400 in 2009 and RM4800 in 2020.

With the rising price we are actually worst off, a single storey terrace will not be costing RM300,000 in 2020. The price of houses in USA is probably much cheaper that in Malaysia.

I am glad our petrol is still cheaper...http://www.kshitij.com/research/petrol.shtml
You may download ETP report: ....http://etp.pemandu.gov.my/annualreport/upload/ENG_Annual_Report.pdf