Higher property prices decreasing M'sian's ability to afford homes - analyst

The rapid increase of property prices in the country suggests that the number of Malaysians able to afford homes may have decreased, as the household median income rate has not doubled over the past years, said MyProperty Data Sdn Bhd.

It said its analysis revealed that houses priced RM300,000 and below recorded in 2000 comprised 86.14 percent or 35,226 transactions out of a total of 40,896...