Survey: Houses in KL are Among the Cheapest In the World
Most Malaysians are finding it hard to purchase their first homes even late into their careers.
But according to the latest Global Living report by real estate firm CBRE, the houses in KL are among the cheapest as compared to 35 other major cities around the world.
We rank at a respectable 32/35 with an average property price of RM494,266.
According to the survey, as reported by Malay Mail, Hong Kong homes are the most expensive with an average price of RM5,098,864 while our neighbour down south came up 2nd with an average property price of RM3,609,320.
It was also revealed that the average price of prime properties in KL was fairly low at RM1,712,372 as compared to Hong Kong at RM28,369,199. Even the cost of living, prices of hotels, vacations and fine dining were also among the world’s lowest.
Although cars in KL were among the priciest in the world, it’s balanced out with our good public transport infrastructure. The report mentioned,
“Above all, Kuala Lumpur is a modern city that retains a relaxed lifestyle and has plenty of future potential.”
For those currently living or working in Kuala Lumpur, what do think of the findings of the report? Realistically, are you able to purchase a house in Kuala Lumpur? Do share with us your thoughts in the comment section.
Also read: Condo Owner Threatens to Tarnish Property Developer’s Name for Selling Low-Quality Unit
Here’s Everything You Need to Know About PM’s PEMERKASA Announcement
Earlier this evening, Prime Minister Muhyiddin Yassin held a press conference to announce the new special aid package, named ‘PEMERKASA’....
PEMERKASA: Govt To Increase Allowance Limit For OKU Workers From RM1,200 To RM1,500
In today’s live broadcast by Prime Minister, Tan Sri Muhyiddin Yassin, he announced that the government has agreed to increase...
PEMERKASA: Local SMEs To Receive RM1,000 Monetary Aid To Resume Operations
In today’s live broadcast by the Prime Minister, Tan Sri Muhyiddin Yassin, he announced monetary aid to help small and medium...
PEMERKASA: RM500 One-off Aid For B40 Individuals Who Lost Their Income
In today’s live broadcast by the prime minister, Tan Sri Muhyiddin Yassin, he announced a monetary initiative to help those who...
Popular Massage Parlour in Subang Jaya Raided By Police Officers During Ops Noda
On 13 March, a team of police from Subang Jaya’s D7 BSJD Branch has carried out a raid on a...
Lazada Turns 9 & They’re Launching The New ‘Lazada Bonus’ Feature Plus a Line-up of Surprises This March!
Having served the Malaysian online shopping community since 2012, Lazada celebrates its 9th anniversary this year with a new ‘Lazada...
Here’s How M’sians Can Show Their Skin Some Love & Achieve Their Skincare Goals By CNY
According to facial Feng Shui beliefs, clear and smooth skin is reflective of good intentions and smooth sailing for the...
MCO: Here’s How These M’sians Managed To Thrive & Sell 6,000-8,000kg of Produce a Month Thanks To Lazada
Just a few days ago, it was announced that the MCO will be reinstated and enforced on all states except...