{"id":9791,"date":"2019-06-25T15:30:54","date_gmt":"2019-06-25T07:30:54","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=9791"},"modified":"2026-01-09T16:18:38","modified_gmt":"2026-01-09T08:18:38","slug":"affordable-housing-a-simple-guide","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/affordable-housing-a-simple-guide\/","title":{"rendered":"Affordable housing: A simple guide"},"content":{"rendered":"\n

$\"houses\"$ <\/span>Buying a house in Malaysia<\/a><\/span> <\/strong>can be difficult to those with low incomes, as they struggle how to balance their budget. <\/span><\/p>\n

Shelter is one of our most basic needs for survival, where it should be easily accessible and affordable.<\/span><\/p>\n

But with the arrival of Affordable Housing, how does it help us?<\/span><\/p>\n

<\/h2>\n
House Prices in Malaysia<\/b><\/h2>\n
$\"mini$ Before we jump into that talk, let’s take a look at the average prices for a house in Malaysia.<\/span><\/p>\n
The average house prices range in different states with the highest starting from…<\/span><\/p>\n
$\"\"$ <\/p>\n
How much is an Affordable House?<\/b><\/h2>\n
$\"houses\"$ A consumer can be eligible for affordable housing through their income.<\/p>\n
Housing is considered affordable if it costs less than 30% of gross household income.<\/span><\/p>\n
DO REMEMBER<\/strong>…the monthly payments SHOULD NOT BE MORE<\/strong> than 30% OF THE INCOME.<\/strong><\/span><\/p>\n
This may include a range of housing types, including single or multi-bedrooms, as well as studio apartments.<\/span><\/p>\n
<\/p>\n
Who needs Affordable Housing?<\/b><\/h2>\n
$\"family\"$ Affordable housing should be a priority to those with lower income jobs, young parents, fresh graduates and first-time house buyers. <\/span><\/p>\n
With this assistance,<\/span><\/strong><\/a> millennials should be able to afford a house to start their next point in life, instead of being too dependent on their families. <\/span><\/p>\n
<\/p>\n
The Government’s Assistance of Affordable Housing<\/b><\/h3>\n
$\"family\"$ The Malaysian government <\/span>has planned to provide cheaper and comfortable affordable homes for the bottom 40% and middle 40% households. <\/span><\/p>\n
They will also be altering current lending guidelines into secure housing loans.<\/span><\/p>\n
Perumahan Penjawat Awam Malaysia<\/a><\/span><\/strong>, an affordable home scheme created by said government is supporting civil servants in buying homes such as Rumah Selangorku,<\/strong> for example.<\/span><\/p>\n
LBS [Bina Group Bhd] also provides affordable housing including the LBS SkyLake Residence in Puchong, Selangor, and Magma Garden at Bandar Putera Indah in Batu Pahat, Johor. <\/span><\/p>\n
About 74% of its target sales for residential properties this year are priced below RM500,000.<\/strong><\/span><\/p>\n
<\/p>\n
Attention Millennial’s Looking for Affordable Houses!<\/h3>\n
$\"house\"$ <\/p>\n
Here at IQI, we provide services in purchasing the perfect home, with the right budget. <\/strong><\/span><\/p>\n
Help us by helping you ask your burning questions.<\/b><\/span><\/p>\n
This article is written by Jasmine Ju Ju.<\/em><\/strong><\/p>\n
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