The Star Online reported that due to an issue of affordability of residential properties in Malaysia becoming an issue to many people the government needs to to step up to take action in controlling the high prices.
“We have computed the affordability (issue). Prices have risen to a level that has created some concern,” said Ratings Agency Malaysia Holdings Bhd (RAM) chief economist Dr Yeah Kim Leng. ”In fact the International Monetary Fund (IMF) in its Article 4 consultation report has mentioned that this is the main risk or vulnerability facing the Malaysian economy: overvalued house prices.”……………………………………….Full Article: Source