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.