Here's why you can't afford a house, Bank Negara tells Malaysians

Kuala Lumpur

MALAYSIA'S central bank has a response to those saying it needs to do more to spur home loans: houses simply aren't affordable.

Bank Negara Malaysia has created a website packed with data aimed at debunking the "myth" that access to financing was deterring home ownership, showing that loan approvals for key cities are near 70 per cent or higher.