Civil servants' salary increase in December may positively impact long-term affordable housing in Malaysia.
Rehda president Datuk NK Tong believes civil servants' salary increase in December could lead to more opportunities for them to purchase properties. Although rising costs affect affordability, the salary hike and EPF accounts structure may offer some relief. However, the proposed increase may not immediately alleviate unaffordable housing in Malaysia, but could have positive long-term effects on the industry.
May 05, 2024
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