SO, YOU WANT TO BUY A HOUSE?
Updated: Aug 1, 2021
The National House Buyers Association (‘HBA’ in short) is a non-governmental, not-for-profit Organization manned wholly by volunteers of various professions. HBA, having been established in the year 2000 continues our voluntary efforts, aspiration, aims and objectives in striving for house buyers’ rights and interests. I give you YBhg Datuk Chang Kim Loong, the honourary Secretary-General of the National House Buyers Association.
Buying a house is not as easy as it was 10 years ago due to the rising cost of living and escalating house prices. The problem hindering the current generation of Malaysians from buying their first home is that property prices are just too high in comparison with the income of the rakyat. To quote Bank Negara Malaysia Annual Report 2016: “since 2012, the increase in house prices in Malaysia has outstripped the rise in income levels. Consequently, prevailing median house prices are beyond the reach of most Malaysians”.
Watch the video below for more information: