Housing prices to be changed in line with new poverty level

Housing prices to be changed in line with new poverty level - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Housing prices to be changed in line with new poverty level, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

The housing ministry is working out a new formula to determine the prices of affordable homes.KUALA LUMPUR: The National Housing Department is reviewing the household income report and the new poverty income level so that house prices can be adjusted to the appropriate income for house ownership, the Dewan Rakyat was told today. Deputy minister for housing and local government Ismail Abd Mutalib said the study is being carried out in line with the announcement of the new poverty line and a new classification of households by the government. “(Now) the interpretation and method of measuring affordable housing in Malaysia takes the median multiple methodology as the main indicator to assess the ability to own a house,” he said. “The formula we use (to determine) affordable house prices is median income x 12 (months) x 3.0, that is the house price rate determined under this affordab…