PETALING JAYA: Online property portal PropertyGuru Malaysia has urged the government to look into ways to increase income growth in Budget 2024, as it...
Online property portal PropertyGuru Malaysia has urged the government to look into ways to increase income growth in Budget 2024, as it will boost home ownership.
Fernandez said median household income grew by only 2.5% last year, compared with 3% before the Covid-19 pandemic. In recent years, he added, there was disproportionate growth between household income and property prices as the latter outpaced the former. For greater home ownership, household incomes need to catch up with property prices.
On the outlook for 2024, he is optimistic on the property sector, albeit noting that property affordability would still be a challenge for potential homebuyers.
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