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Good info for Malaysia property buyers.
By knowing the locals income level, we will be able to assess affordability. Just when we purchase Singapore property, we assess affordability with our own income
However some people when buying overseas property, will covert the price into SGD and determine if it is affordable.
When it is affordable property prices after converting into SGD, it might not be affordable for their locals with the income level…..
Household income data can change over time due to economic conditions, government policies, and other factors. For the latest and most accurate information on Malaysia’s household income,do refer to official sources such as the Department of Statistics Malaysia (DOSM) or other reputable economic and statistical databases. https://www.dosm.gov.my/
Malaysia Property Key Statistics https://napic.jpph.gov.my/portal/key-statistics
Malaysia Property Transactions Data https://www.iproperty.com.my/transaction-price/
To get the most recent data, you can visit the official website of the Department of Statistics Malaysia or refer to reports and publications from international organizations like the World Bank or the International Monetary Fund (IMF). Additionally, economic research institutions, government publications, and census reports are good sources for up-to-date household income information in Malaysia.
Understanding the income level, economic is important for property investment in any country.
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