Monday, 17 November 2014

Malaysia house price to annual income ratio at 5.5x

House price to annual income ratio

US: 3.5x
England: 4.7x
Ireland: 2.8x
Singapore: 5.1x
Hong Kong: 14.9x
Malaysia: 5.5x

Does this reflect the existence of property bubble in Malaysia, given the land in Malaysia is not as scarce as Singapore? Furthermore, Malaysians have to cope with high cost of car ownership

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