City living is getting less affordable as the house prices in various cities in Malaysia is rising, especially in the main cities like Kuala Lumpur or even around the Klang Valley.
Here is a list of 1,000 sq ft condominiums in major cities around Malaysia from the cheapest to the most expensive, as well as the mean monthly income of residents in those cities to gauge affordability.
Which city surprises you? Do you think the mean monthly income for each state matches the property prices?
Shocked with the price of condominiums listed above? Check out the
top 5 most expensive condominiums in Kuala Lumpur.
Note: Property prices and details are obtained from iProperty and Property Guru.
The mean annual income according to states is extracted from the Household Income and Basic Amenities Survey (HIS/BA) 2012 report by the Department of Statistics Malaysia.
* The minimum net income for loan approval is derived based on RM500 monthly loan commitment, 30 years loan tenure and 4.25% interest rate.
Contributed by iMoney.my, Malaysia's leading financial comparison website, you can view the original article
here. To compare and apply for the best financial products, such as fixed deposits, home loans, personal loans and credit cards, visit www.iMoney.my