text: Home ownership only a price issue? | EdgeProp.my
  Meena Lakshana September 25, 2015 | Updated 6 years ago
  Khazanah Research Institute managing director Datuk Charon Mokhzani (pictured) warned that Malaysians will not be able to afford properties if escalating housing prices are not contained.
  According to him, although median household incomes have risen slightly more than median house prices at 11.7% and 10.6% respectively, the median house price in Kuala Lumpur and Penang is 5.2 to 5.5 times median annual household income, marking it as severely unaffordable. An affordable market is one where the median house price is three times median annual household income.